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Avi Ansh Textile IPO is a fixed price issue of Rs 26.00 crores. The issue is entirely a fresh issue of 41.94 lakh shares.
Avi Ansh Textile IPO opens for subscription on September 20, 2024 and closes on September 24, 2024. The allotment for the Avi Ansh Textile IPO is expected to be finalized on Wednesday, September 25, 2024. Avi Ansh Textile IPO will list on NSE SME with tentative listing date fixed as Friday, September 27, 2024.
Avi Ansh Textile IPO price is ₹62 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹124,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹248,000.
3Dimension Capital Services Limited is the book running lead manager of the Avi Ansh Textile IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Avi Ansh Textile IPO is Nikunj Stock Brokers.
Refer to Avi Ansh Textile IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 9,784,930 |
| Share holding post issue | 13,978,471 |
| Market Maker portion | 213,871 shares Nikunj Stock Brokers |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Avi Ansh Textile IPO opens on September 20, 2024, and closes on September 24, 2024.
| 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 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 95.67% |
| Share Holding Post Issue | 66.98% |
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 | ||||||||||||||||||||||||||||||||||||
| Revenue | 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 Rs 86.67 Cr.
KPI as of March 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:
Avi Ansh Textile Limited
402, 4th Floor
Aggarwal Cyber Plaza-1, Netaji Subhash Place,
Pitampura, North West-Delhi
Phone: +91-11-4142-52
Email: avianshanil@rediffmail.com
Website: https://www.avianshgroup.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
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Check our SME IPO Guide 
Avi Ansh Textile IPO is a SME IPO of 4,193,541 equity shares of the face value of ₹10 aggregating up to ₹26.00 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 20, 2024, and closes on September 24, 2024.
Skyline Financial Services Private 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 Shares, and the minimum amount required is ₹124,000.
You can apply in Avi Ansh Textile IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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