| Category | Min Lots | Shares | Amount |
|---|---|---|---|
| Retail (sNII) | 1 | 6,000 | ₹1,44,000 |
| HNI / NII | 2 | 12,000 | ₹2,88,000 |
| Category | Sub (×) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII / HNI (Total) | — | 7,56,000 (47.37%) | — | ₹181.44 Cr |
| Retail Investors | — | 7,56,000 (47.37%) | — | ₹181.44 Cr |
| Total ** | — | 15,96,000 (100.00%) | — | ₹3,830.40 Cr |
| Market Maker * | — | 84,000 (5.26%) | — | ₹2.02 Cr |
| Metric | 30-Jun-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue | 454.46 | 2201.80 | 1846.63 |
| PAT | 33.58 | 60.20 | 17.09 |
| EBITDA | — | — | — |
| Net Worth | — | — | — |
| Total Assets | 1969.99 | 1350.29 | 1018.76 |
| Reserves | — | — | — |
| Borrowings | — | — | — |
Incorporated in 2005, Ahmedabad based Vaxtex Cotfab Limited is engaged in the business of Textile processing of fabric and trading. The Company does Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories. It also works on an outsourcing basis for other fabric/garment companies.
Vartex has a processing unit and a Packing and Storage unit located at Narol, Ahmedabad in Gujarat. The installed capacity of the processing unit is 12,00,000 meters/month for processing of various fabrics from natural and man-made fibres specializing in 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose and polyester cotton. The company undertakes corporate orders for Finished Fabrics from brands.
It also has a dedicated in-house Testing and Quality Control Team which undertakes testing and quality management.
Competitive Strengths
1. Strategic location advantage in Ahmedabad, Gujarat
2. Experienced promoters
3. Strong technical capabilities for maintaining high product quality
4. Sound financial track record with revenues showing an increase of 581.84% and
313.99% in 2016-17 and 2017-18.