VAXTEX COTFAB LIMITED, engaged in the business of textile processing of
fabric and trading is opening its initial Public Offer on Friday, 27, 2019.The company will be listed on NSE EMERGE Platform. Initial Public Issue of 15,96,000, Equity Shares of face value of Rs. 10 each of the company for cash at a price of Rs. 24 per equity share, including a share premium of Rs.14 per equity share aggregating to Rs. 383.04 Lakhs of which 84,000 equity shares of face value of Rs. 10/-, each for cash at a price of Rs. 24/- per ES including a share premum of Rs. 14/- per ES, aggregating to Rs. 20.16 Lakhs will be reserved for subscription by market maker to the Issue. The promoters of the company are Khushant Gupta, who handles the marketing division and Mithlesh Agrawal, who has more than 25 years of experiene in the engineering field. The corporate promoters of the company are Qmin Pharma Pvt. Ltd. and Miracle Stores Pvt. Ltd. VCL has achievedatotal revenue of Rs. 454.11 in FY 19-20 till June 30, 2019 and has posted profit of Rs. 60.2 Lacs in the FY 18-19.