Avi Ansh Textile IPO will open for subscription from 20 September 2024. The company aims for an issue size of ₹25.99 Cr through this IPO.
Company Overview
| Full name | Avi Ansh Textile Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://avianshgroup.com/ |
About Company
Avi Ansh Textile, operating since 2005, is a Punjab-based manufacturer and exporter of 100% cotton yarn. By 2012, the company produced combed and carded cotton yarn with a capacity of 4,500 MT per year and 26,314 spindles. Avi Ansh Textile holds ISO 14001:2015 and ISO 9001:2015 certifications, reflecting its commitment to environmental management and quality assurance. The company successfully operates in domestic markets across states like Punjab, Haryana, Uttar Pradesh, and Delhi and international markets in Nepal, Bangladesh, the Philippines, and Hong Kong. It manufactures and supplies various yarns and fabrics to meet diverse customer needs. As of September 2024, the company has 281 employees in various departments.
The Objectives of the Issue
- To meet Working Capital requirements
- Term Loan Repayment
- General Corporate Purpose
Avi Ansh Textile IPO Timetable
| IPO Opening date | 20 September 2024 |
| IPO Closing | 24 September 2024 |
| Basis of Allotment | 25 September 2024 |
| Initiation Refund | 26 September 2024 |
| Credit to Demat Account | 26 September 2024 |
| Listing Date | 27 September 2024 |
Avi Ansh Textile IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹25.99 Cr – 4,192,000 shares |
| Fresh Issue | ₹25.99 Cr – 4,192,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹62 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 212,000 shares |
| Shareholding pre-issue | 9,784,930 |
| Shareholding post-issue | 13,976,930 |
| Listing Exchange | NSE SME |
Avi Ansh Textile IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
Avi Ansh Textile Offer Documents
Avi Ansh Textile IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 2,12,000 (5.06%) |
| Other Shares Offered | 19,91,706 (47.49%) |
| Retail Shares Offered | 19,89,835 (47.45%) |
| Total Shares Offered | 41,93,542 (100%) |
Avi Ansh Textile Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 119.51 | 120.71 | 141.39 |
| Expenses | 118.01 | 121.11 | 137.71 |
| Net income | 1.56 | 0.29 | 3.31 |
Avi Ansh Textile Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.59 | 0.29 | 3.39 |
| PE ratio | – | – | 18.29 |
| RONW (%) | 12.65 | 2.29 | 20.88 |
| NAV | 12.56 | 12.84 | 16.22 |
| ROCE (%) | 15.92 | 10.24 | 15.88 |
| EBITDA (%) | 5.18 | 3.77 | 6.82 |
| Debt/Equity | 2.16 | 2.54 | 2.87 |
Company Promoters
- Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Private Limited, S J Metals Private Limited, A K Jain .(HUF) , Sanjeev Mittal HUF. , Ramesh Mittal HUF, S C Jain, (HUF), Arihant Yarnfab Private Limited, Akanksha Jain, Ansh Jain.
Promoter Holding
| Pre Issue Share Holding | 95.67% |
| Post Issue Share Holding |
Avi Ansh Textile Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 September 2024 | 8 | – | 10,000 |
| 25 September 2024 | 8 | – | 10,000 |
| 24 September 2024 | 10 | – | 18,000 |
| 23 September 2024 | 10 | – | 18,000 |
| 21 September 2024 | 15 | – | 22,000 |
| 20 September 2024 | 18 | – | 25,000 |
Avi Ansh Textile IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 19,90,000 | 19,90,000 | 39,80,000 |
| 24 Sep 2024 | 5.36 | 11.38 | 8.37 |
| 23 Sep 2024 | 2.47 | 5.64 | 4.06 |
| 20 Sep 2024 | 1.43 | 0.84 | 1.14 |
Avi Ansh Textile IPO Allotment Status
Avi Ansh Textile IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Avi Ansh Textile IPO Listing Details
| Listing Date | 27 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Avi Ansh Textile IPO Lead Manager(s)
3DIMENSION CAPITAL SERVICES LIMITED
K-37A, Basement, Kailash Colony, Near Kailash
Colony Metro Station, New Delhi-110048
Phone: +91-11-40196737
Email: info@3dcsl.com
Website: www.3dcsl.com
Avi Ansh Textile Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Avi Ansh Textile Contact Details
AVI ANSH TEXTILE LIMITED
402,4th Floor, Aggarwal Cyber Plaza-I Netaji
Subhash Place, Pitampura, North West, Delhi, India-110034
Phone: +91-11-4142-5247
E-mail: avianshanil@rediffmail.com
Website: www.avianshgroup.com
Avi Ansh Textile IPO FAQs
What is the Avi Ansh Textile offer size?
Avi Ansh Textile’s offer size is ₹ 25.99 crores.
What is the Avi Ansh Textile offer price band?
Avi Ansh Textile public offer price is ₹ 62 per share.
What is the lot size of the Avi Ansh Textile Offer?
Avi Ansh Textile offer a lot size is 2,000 shares.
What is Avi Ansh Textile Offer GMP today?
Avi Ansh Textile IPO GMP today is ₹ 8 per share.
What is the Avi Ansh Textile kostak rate today?
Avi Ansh Textile kostak rate today is ₹ NA per application.
What is Avi Ansh Textile Subject to the Sauda rate today?
Avi Ansh Textile is Subject to the Sauda rate today is ₹ 10,000 per application.
Final thoughts
Avi Ansh Textile IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
