Avi Ansh Textile IPO subscription status started on September 20, 2024, and closed on September 24, 2024. The company aims to raise approximately ₹26.00 crore via this IPO. The retail quota is 50%, and HNI is 50%. The price band is fixed at ₹62 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹124,000. Avi Ansh Textile IPO is an SME IPO that will be listed on the NSE.
Also read: Avi Ansh Textile IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Avi Ansh Group, based in Punjab, stands out as a leading textile manufacturer and exporter. Since 2005, the company has operated in the yarn sector, and by 2012, it had established itself as a prominent player in producing high-quality 100% cotton yarn, including both combed and carded varieties. By then, Avi Ansh had achieved a substantial production capacity of approximately 4,500 MT of cotton yarn annually, supported by 26,314 spindles.
Furthermore, the company has successfully expanded its operations across multiple states in India, including Punjab, Haryana, Uttar Pradesh, and Delhi. In addition, Avi Ansh has reached international markets such as Nepal, Bangladesh, the Philippines, and Hong Kong. Through strategic expansion and effective market penetration, Avi Ansh has cultivated strong client relationships and earned trust for its quality standards both domestically and abroad.
Currently, Avi Ansh is equipped with advanced automatic circular knitting machines. As a result, its fabric division can produce 1,800 MT of various fabric types annually. The company manufactures a diverse range of products, including:
Yarns:
- 100% Carded Cotton
- 100% Combed Cotton
- Slub Yarn (Short, Medium, Long) with unique patterns
Fabrics:
- Single Jersey, Rib Knit, Interlock Fabric, Terry
- Diagonal Terry, Waffle, Thermal, Fleece
- Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics
- Dry Fit, Honeycomb Mat, Spun Matte
Moreover, Avi Ansh utilizes state-of-the-art machinery from German and European technology to ensure optimal results. In addition, a dedicated workforce maintains continuous production around the clock, further enhancing the company’s ability to meet diverse market needs.
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Additionally, We strongly advise investors to consider applying for the IPO with a long-term outlook. Moreover, it is crucial to thoroughly review the QIB, NII, and Retail subscription figures before making any investment decisions.
Avi Ansh Textile IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 1.44 | 2.37 | 5.25 |
| RII | 0.88 | 5.80 | 11.38 |
| Total | 1.16 | 4.08 | 8.32 |
Avi Ansh Textile IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Avi Ansh Textile
- May Apply
Avi Ansh Textile IPO Form
To apply for the Avi Ansh Textile IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription will begin on September 20, 2024, for QIB, NII, and Retail Investors.
You can easily subscribe using either ASBA or non-ASBA methods. To apply online, simply log into your bank account via ASBA or submit a physical form to your bank or broker.
To stay updated, visit our portal for live subscription updates, which are refreshed hourly. Alternatively, you can check the official IPO page for current numbers.
First, log in to Zerodha and navigate to the Portfolio section. Next, find “Avi Ansh Textile” and click the Bid button. Enter your UPI ID, quantity, and price, then approve the mandate via your UPI app.
To apply through Upstox, log in and select “Avi Ansh Textile.” Afterward, confirm your bid and approve the mandate through your UPI app.
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