Avi Ansh Textile IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 20 Sep 2024
Close Date
Tue, 24 Sep 2024
Issue Price
₹ 62
Lot Size
2000
Issue Size
₹ 26.00 Cr
Minimum Investment
₹ 248,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Avi Ansh Textile IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹26.00 Crore, comprising a fresh issue of 41.94 Lakh equity shares aggregating to ₹26.00 Crore.
The Avi Ansh Textile IPO remained open for subscription from September 20, 2024, to September 24, 2024. The basis of allotment was finalized on September 25, 2024, and the company's shares were listed on NSE SME Platform on September 27, 2024.
The company had fixed the price at ₹62 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹248,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. 3DIMENSION CAPITAL SERVICES LIMITED LEAD MANAGER acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Avi Ansh Textile Limited IPO is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Avi Ansh Textile IPO Timeline (Tentative)
- IPO Open Date
- Fri, 20 Sep 24
- IPO Close Date
- Tue, 24 Sep 24
- Basis of Allotment
- Wed, 25 Sep 24
- Initiation of Refunds
- Thu, 26 Sep 24
- Credit of Shares to Demat
- Thu, 26 Sep 24
- Listing Date
- Fri, 27 Sep 24 — NSE & BSE
Open Date
20 September 2024
Close Date
24 September 2024
Basis Of Allotment
25 September 2024
Listing Date
27 September 2024
IPO Subscription
Check Live Subscription →The Avi Ansh Textile IPO has received bids for 3,33,24,000 shares against 39,81,541 shares offered, resulting in an overall subscription of 8.37x. the NII category is subscribed 5.36x, Retail Investors 11.38x, and QIBs 0x.
QIB
0x
NII
5.36x
RII
11.38x
Total
8.37x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,89,835 shares, representing 47.45% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 19,91,706 shares (47.49%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 212,000 | 5.06% |
| Non-Institutional | 1,991,706 | 47.49% |
| Retail Investors | 1,989,835 | 47.45% |
| Total | 4,193,542 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 6522.64 | 4692.35 | 4336.85 | 4694.81 |
| Revenue | 14214.65 | 12149.57 | 12016.76 | 7264.3 |
| Profit After Tax | 331.35 | 28.74 | 155.55 | 68.2 |
| Net Worth | 1587.22 | 1256.74 | 1229.62 | 1076.34 |
| Reserve & Surplus | 608.73 | 278.25 | 251.13 | 97.85 |
| Total Borrowings | 4481.21 | 3193.46 | 2659.87 | 3375.46 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Avi Ansh Textile Limited IPO KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 20.88 |
| ROCE % | 15.88 |
| Debt / Equity | 2.82 |
| RoNW % | 20.88 |
| Pat Margin % | 2.35 |
Peers Comparison
No Peer Comparision Available
About Avi Ansh Textile Limited IPO
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.
Avi Ansh Textile IPO 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.
Promoters Holding
Holding Pre Issue
95.67%
Holding Post Issue
66.98%
Avi Ansh Textile IPO Objective
Our Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. To meet Working Capital requirements
2. Term Loan Repayment
3. General Corporate Purpose
Avi Ansh Textile Limited IPO Address / Contact Details
Avi Ansh Textile Limited
402, 4th Floor, Aggarwal Cyber Plaza-1,
Netaji Subhash Place,
Pitampura, North West-Delhi
Phone: +91-11-4142-52,+91-9999335909
Email: avianshanil@rediffmail.com
Website: https://www.avianshgroup.com
IPO Snapshot
Avi Ansh Textile IPO Lot Size
The Avi Ansh Textile IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,24,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,24,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 124,000.00 |
| Retail (Max) | 1 | 2,000 | 124,000.00 |
| S-HNI (Min) | 2 | 4,000 | 248,000.00 |
Issue Reservation
- Market Maker — 5.06%
- NII — 47.49%
- RII — 47.45%
Book Running Lead Managers
- 3DIMENSION CAPITAL SERVICES LIMITED LEAD MANAGER
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Avi Ansh Textile IPO?
Avi Ansh Textile IPO is a Fixed price IPO with a total issue size of ₹26 crore. The Avi Ansh Textile IPO price band is ₹62 to 62 per share. The Avi Ansh Textile IPO subscription opens on Fri, Sep 20, 2024, and closes on Tue, Sep 24, 2024. The Avi Ansh Textile IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Avi Ansh Textile IPO.
When will the Avi Ansh Textile IPO open for subscription?
The Avi Ansh Textile IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024
What is Avi Ansh Textile IPO Price Band?
Avi Ansh Textile IPO Price Band is ₹62 to 62 per share.
What is Avi Ansh Textile IPO Lot Size?
Avi Ansh Textile IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹248000 based on the upper price band
What is the minimum investment for Avi Ansh Textile IPO?
The minimum investment for Avi Ansh Textile IPO is ₹248000, based on one lot of 2000 shares at the upper price band of ₹62 per share.
How to apply for Avi Ansh Textile IPO?
Investors can apply for the Avi Ansh Textile IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 24, 2024. The application amount remains blocked until the Avi Ansh Textile IPO allotment is finalized.
What is Avi Ansh Textile IPO Issue Size?
Avi Ansh Textile IPO issue size is ₹26 crores.
What is the Avi Ansh Textile IPO Allotment Date?
Avi Ansh Textile IPO allotment date is Wed, Sep 25, 2024.
Who is the Avi Ansh Textile IPO Registrar?
The registrar for Avi Ansh Textile IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Avi Ansh Textile IPO allotment status, refund processing, and other IPO-related information.
What is the Avi Ansh Textile IPO GMP?
The Avi Ansh Textile IPO GMP (Grey Market Premium) is ₹2 as of Fri, Sep 27, 2024. Based on the upper price band of ₹62 per share, the estimated Avi Ansh Textile IPO listing price is ₹64, indicating a potential listing gain of approximately 3.23% over the issue price.
Who is the Avi Ansh Textile IPO Lead Manager?
The book-running lead managers (BRLMs) for the Avi Ansh Textile IPO are 3DIMENSION CAPITAL SERVICES LIMITED LEAD MANAGER. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Avi Ansh Textile IPO Red Herring Prospectus (RHP).