The Avi Ansh Textile IPO is scheduled to open on September 20, 2024, and will close on September 24, 2024. Additionally, this IPO, being a fixed price issue, seeks to raise approximately ₹26.00 crores. Specifically, the offer comprises a fresh issue of ₹26.00 crores, along with an option for an offer for sale of equity shares, each with a face value of ₹10.
Table of contents
- Avi Ansh Textile IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Avi Ansh Textile IPO GMP (Grey Market Premium)
- Avi Ansh Textile IPO Application Form PDF
- Avi Ansh Textile IPO Subscription Status
- Avi Ansh Textile IPO Allotment Status
- IPO Review
- Avi Ansh Textile IPO Registrar
- Avi Ansh Textile IPO Lead Manager
- Avi Ansh Textile Limited Contact
- FAQs
Avi Ansh Textile IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Avi Ansh Textile Limited |
| Industry | Textile Manufacturing |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 20, 2024 |
| Close Date | September 24, 2024 |
| Total Issue Size | ₹26.00 Crores (4,193,541 Equity Shares) |
| Fresh Issue | ₹26.00 Crores (4,193,541 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹62 per share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Company Details
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.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 20, 2024 |
| IPO Close Date | September 24, 2024 |
| Basis of Allotment | September 25, 2024 |
| Refunds | September 26, 2024 |
| Credit to Demat Account | September 26, 2024 |
| IPO Listing Date | September 27, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹6,522.64 | ₹4,692.35 | ₹4,336.85 |
| Revenue | ₹14,214.65 | ₹12,149.57 | ₹12,016.76 |
| Profit After Tax | ₹331.35 | ₹28.74 | ₹155.55 |
| Net Worth | ₹1,587.22 | ₹1,256.74 | ₹1,229.62 |
| Reserves and Surplus | ₹608.73 | ₹278.25 | ₹251.13 |
| Total Borrowing | ₹4,481.21 | ₹3,193.46 | ₹2,659.87 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4000 | ₹248,000 |
The objective of the Issue
- First, they will address the working capital requirements to support ongoing operations.
- Additionally, a portion of the funds will be used for the repayment of term loans, which will help reduce the company’s debt burden.
- Furthermore, the remaining amount will be utilized for general corporate purposes, supporting various strategic initiatives and operational needs.
Company Promoters
- Mr. Anil Kumar Jain
- Ms. Geeta Jain
- Mr. Avi Jain
- Ms. Akanksha Jain
- Mr. Ansh Jain.
- Mr. A K Jain (HUF)
- Mr. Sanjeev Mittal (HUF)
- Ramesh Mittal (HUF)
- Mr. S C Jain (HUF)
- Arihant Yarnfab Private Limited
- G A Alloys Private Limited
- S J Metals Private Limited
Avi Ansh Textile IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Avi Ansh Textile IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Avi Ansh Textile Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Avi Ansh Textile IPO Application Form PDF
To download the Avi Ansh Textile IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Avi Ansh Textile IPO Subscription Status
This IPO subscription kicks off on September 20, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Avi Ansh Textile IPO Allotment Status
To check the Avi Ansh Textile IPO allotment status go to the IPO registrar website Skyline or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Firstly, our chosen manufacturing location offers a significant strategic advantage.
- Additionally, our diverse range of products highlights our dedication to maintaining high quality.
- Moreover, the management team brings extensive experience and strong leadership to the company.
Risks:
- On the other hand, the company’s reliance on its Punjab production facility means that any loss or shutdown of this facility could negatively impact its operations and business outcomes.
- Furthermore, the absence of long-term agreements with most customers poses a risk. Consequently, any changes, cancellations, or failure to accurately predict demand could adversely affect business performance and financial stability.
- Lastly, current insurance coverage may not be sufficient, potentially exposing the company to unforeseen risks.
Avi Ansh Textile IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Avi Ansh Textile IPO Lead Manager
3DIMENSION CAPITAL SERVICES LIMITED
K-37A, Basement, Kailash Colony, Near Kailash
Colony Metro Station, New Delhi-110048
Phone: +91-11-40196737
Email: info@3dcsl.com
Website: www.3dcsl.com
Avi Ansh Textile Limited Contact
AVI ANSH TEXTILE LIMITED
402,4th Floor, Aggarwal Cyber Plaza-I Netaji
Subhash Place, Pitampura, North West, Delhi, India-110034
Phone: +91-11-4142-5247
E-mail: avianshanil@rediffmail.com
Website: www.avianshgroup.com
FAQs
The Avi Ansh Textile IPO, which is an SME offering, aims to raise ₹26.00 crores. Priced at ₹62 per equity share, it will be listed on NSE.
Specifically, the IPO opens for subscription on September 20, 2024, and will close on September 24, 2024. This opportunity is available to QIB, NII, and retail investors.
In detail, the total offer size for Avi Ansh Textile is ₹26 crores.
Furthermore, the public offer price for Avi Ansh Textile is set at ₹62 per share.
Lastly, the lot size for Avi Ansh Textile’s IPO is 2,000 shares.
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