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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 ₹27.00 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). The minimum lot size investment for 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 Date | June 18, 2019 to June 24, 2019 |
| Listing Date | July 2, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,88,000 shares (aggregating up to ₹12.66 Cr) |
| Reserved for Market Maker | 2,40,000 shares Basan Equity Broking Ltd. (aggregating up to ₹0.6480 Cr) |
| Net Offered to Public | 44,48,000 shares (aggregating up to ₹12.01 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,02,96,721 shares |
| Share Holding Post Issue | 1,49,84,721 shares |
Anand Rayons IPO offers total 46,88,000 shares. Out of which 22,24,000 (47.44%) allocated to NII, 22,24,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.12%) |
| NII (HNI) Shares Offered | 22,24,000 (47.44%) |
| Retail Shares Offered | 22,24,000 (47.44%) |
| Total Shares Offered | 46,88,000 (100.00%) |
Anand Rayons IPO opens on June 18, 2019, and closes on June 24, 2019.
| IPO Open Date | Tue, Jun 18, 2019 |
| IPO Close Date | Mon, Jun 24, 2019 |
| Initiation of Refunds | Fri, Jun 28, 2019 |
| Credit of Shares to Demat | Mon, Jul 1, 2019 |
| Tentative Listing Date | Tue, Jul 2, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jun 24, 2019 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Jan-19 | 31-Mar-18 | 31-Dec-17 | 31-Mar-16 | ||
| Total Assets | 6,103.46 | 5,942.08 | 5,809.05 | 3,796.06 | |
| Total Revenue | 23,176.44 | 25,959.08 | 27,062.38 | 21,992.23 | |
| Profit After Tax | 172.41 | 145.14 | 104.70 | 45.73 | |
The Company Anand Rayons IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Incremental Working capital requirements | 8.75 |
| 2 | General Corporate Purpose | 3.16 |
| 3 | Public Issue Expenses | 0.75 |
[Dilip Davda] <p>The textile segment is not fancied by investors in the given scenario. The issue is priced very aggressively. Guiness group has a topsy-turvy background. Considering all these facts, it is better to skip this issue.</p> Read detail review...
| Listing Date | July 2, 2019 |
| BSE Script Code | 542721 |
| NSE Symbol | |
| ISIN | INE02GA01012 |
| Final Issue Price | ₹27 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹28.25 |
| Low | ₹27.05 |
| High | ₹28.25 |
| Last Trade | ₹27.20 |
Anand Rayons Ltd.
305-306, Jay Sagar Complex
Opp. Sub Jail,
Khatodra,
Surat, Gujarat, 395002
Phone: 0261-2635521
Email: anandrayonsltd@gmail.com
Website: http://www.anandrayons.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Anand Rayons IPO is a SME IPO of 46,88,000 equity shares of the face value of ₹10 aggregating up to ₹12.66 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on June 18, 2019, and closes on June 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 June 18, 2019 and closes on June 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 Monday, July 1, 2019. Check the Anand Rayons IPO allotment status.
The Anand Rayons IPO listing date is on Tuesday, July 2, 2019.
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