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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 ₹62.00 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). The minimum lot size investment for 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 Date | September 20, 2024 to September 24, 2024 |
| Listing Date | September 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹62 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 41,92,000 shares (aggregating up to ₹25.99 Cr) |
| Reserved for Market Maker | 2,12,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.31 Cr) |
| Net Offered to Public | 39,80,000 shares (aggregating up to ₹24.68 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 97,84,930 shares |
| Share Holding Post Issue | 1,39,76,930 shares |
Avi Ansh Textile IPO offers total 41,92,000 shares. Out of which 19,90,000 (47.47%) allocated to NII, 19,90,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,12,000 (5.06%) |
| NII (HNI) Shares Offered | 19,90,000 (47.47%) |
| Retail Shares Offered | 19,90,000 (47.47%) |
| Total Shares Offered | 41,92,000 (100.00%) |
Avi Ansh Textile IPO opens on September 20, 2024, and closes on September 24, 2024.
| IPO Open Date | Fri, Sep 20, 2024 |
| IPO Close Date | Tue, Sep 24, 2024 |
| Tentative Allotment | Wed, Sep 25, 2024 |
| Initiation of Refunds | Thu, Sep 26, 2024 |
| Credit of Shares to Demat | Thu, Sep 26, 2024 |
| Tentative Listing Date | Fri, Sep 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 24, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,24,000 |
| Retail (Max) | 1 | 2,000 | ₹1,24,000 |
| HNI (Min) | 2 | 4,000 | ₹2,48,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Avi Ansh Textile Limited's revenue increased by 17% and profit after tax (PAT) rose by 1053% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 6,522.64 | 4,692.35 | 4,336.85 | 4,694.81 |
| Total Income | 14,214.65 | 12,149.57 | 12,016.76 | 7,264.3 |
| Profit After Tax | 331.35 | 28.74 | 155.55 | 68.2 |
| Net Worth | 1,587.22 | 1,256.74 | 1,229.62 | 1,076.34 |
| Reserves and Surplus | 608.73 | 278.25 | 251.13 | 97.85 |
| Total Borrowing | 4,481.21 | 3,193.46 | 2,659.87 | 3,375.46 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Avi Ansh Textile IPO is ₹86.67 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 20.88% |
| ROCE | 15.88% |
| Debt/Equity | 2.82 |
| RoNW | 20.88% |
| PAT Margin | 2.35% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.39 | 2.37 |
| P/E (x) | 18.31 | 26.16 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing and marketing of cotton yarns of various count. It posted growth in top lines for the reported periods, but marked inconsistency in its bottom lines. Based on FY24 super earnings, the issue appears aggressively priced. The offer document has many anomalies and missing information. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | September 27, 2024 |
| BSE Script Code | |
| NSE Symbol | AVIANSH |
| ISIN | INE0TFB01017 |
| Final Issue Price | ₹62 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹62.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹71.40 |
| Last Trade | ₹71.15 |
Avi Ansh Textile Ltd.
402, 4th Floor
Aggarwal Cyber Plaza-1, Netaji Subhash Place,
Pitampura, North West
Delhi, New Delhi, 110034
Phone: +91-11-4142-52
Email: avianshanil@rediffmail.com
Website: https://www.avianshgroup.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Avi Ansh Textile IPO is a SME IPO of 41,92,000 equity shares of the face value of ₹10 aggregating up to ₹25.99 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000.
The IPO opens on September 20, 2024, and closes on September 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 September 20, 2024 and closes on September 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 Thursday, September 26, 2024. Check the Avi Ansh Textile IPO allotment status.
The Avi Ansh Textile IPO listing date is on Friday, September 27, 2024.
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