Fixed Price IPO | ₹26 Cr | Listed at NSE SME | Fri, Sep 20, 2024 - Tue, Sep 24, 2024
Avi Ansh Textile IPO is a fixed price issue of ₹25.99 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹25.99 crore.
Avi Ansh Textile IPO bidding started from Sep 20, 2024 and ended on Sep 24, 2024. The allotment for Avi Ansh Textile IPO was finalized on Sep 25, 2024. The shares got listed on NSE SME on Sep 27, 2024.
Avi Ansh Textile IPO price is ₹62 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,24,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,48,000.
3Dimension Capital Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Avi Ansh Textile IPO RHP for detailed Information.
IPO Open
Fri, Sep 20, 2024
IPO Close
Tue, Sep 24, 2024
Issue Price
₹62 per share
Market Cap (Pre-IPO)
₹86.67 Cr
| IPO Date | 20 to 24 Sep, 2024 |
| Listed on | Fri, Sep 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 41,92,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 2,12,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 39,80,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 39,80,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 97,84,930 shares |
| Share Holding Post Issue | 1,39,76,930 shares |
| NSE Symbol | AVIANSH |
| ISIN | INE0TFB01017 |
Avi Ansh Textile IPO comprises a total issue size of 41,92,000 shares. The net offer to the public is 39,80,000 shares, after excluding 2,12,000 shares allotted on a firm basis. Of the Net offer 19,90,000 (50.00%) allocated to NII 19,90,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,90,000 | 50.00% | 47.47% |
| Retail Shares Offered | 19,90,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,12,000 | 5.06% | |
| Total Shares Offered | 41,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Incorporated in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts.
Avi Ansh Textile Limited has achieved ISO 14001:2015 and ISO 9001:2015 certifications, showcasing its dedication to environmental management and quality assurance.
The company operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs.
The company operates spinning factories with a total capacity of 26,000 spindles, producing approximately 4,500 metric tons of cotton yarn annually, ranging from 20s to 40s counts.
As of September 2024, the company has 281 employees in various departments.
Competitive Strengths:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 65.23 | 46.92 | 43.37 | 46.95 |
| Total Income | 142.15 | 121.50 | 120.17 | 72.64 |
| Profit After Tax | 3.31 | 0.29 | 1.56 | 0.68 |
| NET Worth | 15.87 | 12.57 | 12.30 | 10.76 |
| Reserves and Surplus | 6.09 | 2.78 | 2.51 | 0.98 |
| Total Borrowing | 44.81 | 31.93 | 26.60 | 33.75 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 20.12 |
| 2 | Term Loan Repayment | 3.95 |
| 3 | General Corporate Purpose | 0.55 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 20.88% |
| ROCE | 15.88% |
| Debt/Equity | 2.82 |
| RoNW | 20.88% |
| PAT Margin | 2.35% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.39 | 2.37 |
| P/E (x) | 18.31 | 26.16 |
| Promoter Holding | 95.67% | 66.98% |
| Market Cap | ₹86.67 Cr. |
The Avi Ansh Textile IPO is subscribed 8.32 times on September 24, 2024 6:20:00 PM (Day 3). The public issue subscribed 11.38 times in the retail category, [.] times in the QIB category, and 5.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.25 | 19,91,706 | 1,04,58,000 |
| Retail | 11.38 | 19,89,835 | 2,26,54,000 |
| Total | 8.32 | 39,81,542 | 3,31,12,000 |
Total Application : 11,327
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.15 |
| 2 | Advertising and marketing expenses | 0.12 |
| 3 | Fees Payable to Legal Advisors | 0.02 |
| 4 | Fees Payable to Registrar to the Offer | 0.03 |
| 5 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 6 | Underwriting fees | 0.40 |
| 7 | Printing and distribution of Issue stationery | 0.05 |
| 8 | Others (Bankers to the Issue, auditor's fees etc.) | 0.55 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹71.40 |
| Last Trade | ₹71.15 |
Lead Manager Reports
Avi Ansh Textile IPO is a SME IPO of 41,92,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 20, 2024, and closes on Tue, Sep 24, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Avi Ansh Textile IPO using UPI as a payment gateway. Zerodha customers can apply in Avi Ansh Textile IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avi Ansh Textile IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Avi Ansh Textile IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024.
Avi Ansh Textile IPO lot size is 2000, and the minimum amount required for application is ₹1,24,000.
You can apply in Avi Ansh Textile 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 Avi Ansh Textile IPO will be done on Wednesday, September 25, 2024, and the allotted shares will be credited to your demat account by Thu, Sep 26, 2024. Check the Avi Ansh Textile IPO allotment status.
The Avi Ansh Textile IPO listing date is on Fri, Sep 27, 2024.
