Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Tue, Jun 18, 2019 - Mon, Jun 24, 2019
Anand Rayons IPO is a fixed price issue of ₹12.66 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹12.66 crore.
Anand Rayons IPO bidding started from Jun 18, 2019 and ended on Jun 24, 2019. The shares got listed on BSE SME on Jul 2, 2019.
Anand Rayons IPO price is ₹27 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,16,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Basan Equity Broking Ltd..
Refer to Anand Rayons IPO RHP for detailed Information.
IPO Open
Tue, Jun 18, 2019
IPO Close
Mon, Jun 24, 2019
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹40.46 Cr
| IPO Date | 18 to 24 Jun, 2019 |
| Listed on | Tue, Jul 2, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 46,88,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 2,40,000 shares Basan Equity Broking Ltd. (agg. up to ₹0.6480 Cr) |
| Fresh Issue (Ex Market Maker) | 44,48,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 44,48,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 1,02,96,721 shares |
| Share Holding Post Issue | 1,49,84,721 shares |
| BSE Script Code | 542721 |
| ISIN | INE02GA01012 |
Anand Rayons IPO comprises a total issue size of 46,88,000 shares. The net offer to the public is 44,48,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 22,24,000 (50.00%) allocated to NII 22,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,24,000 | 50.00% | 47.44% |
| Retail Shares Offered | 22,24,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,40,000 | 5.12% | |
| Total Shares Offered | 46,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Incorporated in 1987, Anand Rayons Limited was an idea of Mr Gokul Bakshi. It is engaged in trading of yarn and value-added yarns including polyester filament yarns, nylon yarns, fancy yarns and dope dyed yarns. Initially, the company had only one dealer for the polyester yarn that is Reliance Industries Limited to trade in and around Surat, Gujarat.
Now, the company has also extended dealership network with JCT Limited for Nylon Yarn, and Indorama Synthetics India Limited, Filatex India Limited and Garden Silk Mills Limited for Polyester Yarn.
The yarns traded by the company has wide application in the weaving of sarees, yarn dyeing, Elastic tapes, carpets, and dress & shirting materials.
As the company is trading in and around Surat only, it is planning to expand yarn trading business in other states such as Maharashtra, Delhi, Karnataka and Uttar Pradesh as well. The R&D team of the company is also working on twisted yarn, Sheath- Core yarn, Bi-Shrinkage yarn for GEO-textiles to expand the business.
The competitive strengths of the company are:
1. Specialization in trading of yarns and value-added yarns.
2. Strong dealership with Reliance Industries Ltd for 31+ years.
3. A sound relationship with spinners & customers.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Incremental Working capital requirements | 8.75 |
| 2 | General Corporate Purpose | 3.16 |
| 3 | Public Issue Expenses | 0.75 |
The Anand Rayons IPO is subscribed 1.17 times on June 24, 2019 6:49:04 PM (Day 5). The public issue subscribed 0.48 times in the retail category, [.] times in the QIB category, and 1.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.86 | 22,24,000 | 41,36,000 |
| Retail | 0.48 | 22,24,000 | 10,72,000 |
| Total | 1.17 | 44,48,000 | 52,08,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.44 |
| 2 | Brokerage, selling commission and upload fees | 0.02 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Other expenses (company formation expenses and other ROC expenses) | 0.19 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹28.25 |
| Low | ₹27.05 |
| High | ₹28.25 |
| Last Trade | ₹27.20 |
Lead Manager Reports
Anand Rayons IPO is a SME IPO of 46,88,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Jun 18, 2019, and closes on Mon, Jun 24, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Anand Rayons IPO using UPI as a payment gateway. Zerodha customers can apply in Anand Rayons IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Anand Rayons IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Anand Rayons IPO opens on Tue, Jun 18, 2019 and closes on Mon, Jun 24, 2019.
Anand Rayons IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in Anand Rayons IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Anand Rayons IPO will be done on [.], and the allotted shares will be credited to your demat account by Mon, Jul 1, 2019. Check the Anand Rayons IPO allotment status.
The Anand Rayons IPO listing date is on Tue, Jul 2, 2019.
