Incorporated in 2013, Axita Cotton Limited is in the business relating to the production of Cottom Bales and Cotton Seeds. The company mainly produces two varieties of cotton bales namely Shankar-6 and MCU-5/MECH.
Axita Cotton Limited is an ISO 9001:2015 certified company. The production unit of Axita Cotton is situated in Kadi, Gujarat. The products of the company are widely marketed and sold in the state of Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh.
The company is also engaged in the trading of Kapas, Cotton Bales, and Cotton Seeds. Axita Cotton also undertakes ginning and pressing Kapas on a job work basis.
Axita Cotton Ltd Stock Quote & Charts
₹29.95
-1.55 (-4.92%)
- Open: ₹31.65
- High – Low: ₹32.45 – ₹29.95
- Previous Close: ₹31.50
- Total Traded Value: 37,69,521
- 52 Weeks High: ₹83.00 (Apr 28, 2023)
- 52 Weeks Low: ₹17.01 (Jun 21, 2022)
- Updated On: Jun 02, 2023 4:00 PM
Axita Cotton Buyback 2023 Detail
| Issue Period | |
| Security Name | Axita Cotton Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 900,000.00 |
| Issue Size (Amount) | ₹5.04 Crores |
| Buyback Price | ₹56 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
Axita Cotton Buyback 2023 Issue Timetable
| Last Date to buy shares | Jun 1, 2023 |
| Record Date | Jun 2, 2023 |
| Offer Opens On | |
| Last Date for receipt of Tender Forms | |
| Offer Closes On | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Buyback Ratio
[.]
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 107.23 | 618.94 | 3.73 |
| 31-Mar-22 | 109.10 | 829.58 | 14.54 |
| Amount in ₹ Crore |
Necessity of the Issue
The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value in the longer term, and improving the return on equity.
Axita Cotton Buyback 2023 Documents
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Company Contact Information
Axita Cotton Limited
Servey No. 324 357 358,
Kadi Thol Road Borisana Kadi
Mahesana- 382715
Phone: +91 63587 47514
Email: cs@axitacotton.com
Website: https://axitacotton.com/