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Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review
Avi Ansh Textile Limited has been a prominent player in the yarn sector. By 2012, they’d established themselves as a premier manufacturer and exporter of 100% cotton yarn, specializing in premium combed and carded hosiery yarn ranging from 20s to 40s counts. With 26,314 spindles, they produce approximately 4,500MT of cotton yarn annually.
Their unwavering commitment to quality and adherence to international standards have garnered trust from both domestic and international buyers. Branded as Pooja Gold, their yarn reflects meticulous craftsmanship, offering unparalleled softness, strength and versatility. Additionally, the company has vertically integrated into the knitting division, producing superior quality fabrics in dyed and greige variants, delivered within promised timelines. Equipped with high-speed automatic circular knitting machines, their fabric division can knit 1800 MT per annum of various fabric types.
- Avi Ansh Textile IPO Overview:
- Total Issue Size ₹26.00 crores
- Issue Type: Fresh issue
- Number of Shares: 41.94 lakh shares
- Price per Share: ₹62
- Minimum Lot Size: 2000 shares
- IPO Opening Date: September 20, 2024
- IPO Closing Date: September 24, 2024
- Key Participants:
- Book Running Lead Manager: 3Dimension Capital Services Limited
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Nikunj Stock Brokers
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-27 | 62 | 2 (3.23%) | 2024-09-27 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review Details
| Detail | Description |
|---|---|
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,193,541 shares (aggregating up to ₹26.00 Cr) |
| Fresh Issue | 4,193,541 shares (aggregating up to ₹26.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 9,784,930 |
| Shareholding post issue | 13,978,471 |
| Market Maker portion | 213,871 shares Nikunj Stock Brokers |
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, September 20, 2024 |
| IPO Close Date | Tuesday, September 24, 2024 |
| Basis of Allotment | Wednesday, September 25, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| Credit of Shares to Demat | Thursday, September 26, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4000 | ₹248,000 |
Avi Ansh Textile Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.67% | 66.98% |
Company & Financials
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 Strength:
- 1. The chosen site for the manufacturing plant offers a strategic advantage.
- 2. Diversified product offerings underscore its commitment to quality.
- 3. The company's experienced management team brings a wealth of expertise and leadership.
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 6,522.64 | 14,214.65 | 331.35 | 1,587.22 | - | 4,481.21 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 4,692.35 | 12,149.57 | 28.74 | 1,256.74 | - | 3,193.46 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 4,336.85 | 12,016.76 | 155.55 | 1,229.62 | - | 2,659.87 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 4,694.81 | 7,264.3 | 68.2 | 1,076.34 | - | 3,375.46 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of Avi Ansh Textile IPO
- The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. To meet Working Capital requirements.
- 2. Term Loan Repayment.
- 3. General Corporate Purpose.
Avi Ansh Textile IPO Review
The company is engaged in the business of manufacturing and marketing cotton yarns of various counts. It posted growth in the top lines for the reported periods but marked inconsistency in its bottom lines. Based on FY24 super earnings, the issue appears to be aggressively priced. The offer document has many anomalies and missing information. There is no harm in skipping this “High Risk/Low Return” bet.
RHP:
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Frequently Asked Questions (FAQs)
-
What is Avi Ansh Textile IPO?
Avi Ansh Textile IPO is a SME IPO. The company is going to raise ₹26.00 Crores via IPO. The issue is priced at ₹62 per equity share. The IPO is to be listed on NSE.
-
When will Avi Ansh Textile IPO open for subscription?
The IPO is to open on September 20, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 24, 2024.
-
What is Avi Ansh Textile IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
-
What is Avi Ansh's Textile IPO Issue Size?
Avi Ansh Textile IPO issue size is ₹26.00 crores.
-
What is Avi Ansh Textile IPO Price Band?
Avi Ansh Textile IPO Price Band is ₹62.
