Avi Ansh Textile IPO Subscription Status

Avi Ansh Textile's initial public offering (IPO) has garnered moderate investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a gradual increase in demand, resulting in a 5.14 times oversubscription by 11:26:01 AM on day three. This response indicates a fair market appetite for Avi Ansh Textile's shares and sets the stage for its potential listing.

The IPO, which opened on 20th September 2024, has seen growth in investor participation across categories. Avi Ansh Textile attracted bids for 2,04,50,000 equity shares amounting to ₹126.79 crore.

The Retail Investors segment has shown the strongest demand, followed by interest from Non-Institutional Investors (NII). 

Subscription Status of Avi Ansh Textile IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Subscription details for Avi Ansh Textile IPO as of Day 3 (24th September 2024, 11:26:01 AM):

Total Applications: 7,501

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Avi Ansh Textile is currently subscribed 5.14 times, with strong demand from Retail Investors.
• Retail investors have shown significant interest, with a subscription ratio of 7.54 times.
• Non-Institutional Investors (NII) have demonstrated moderate enthusiasm, with a subscription ratio of 2.74 times.
• The overall subscription trend increases day-on-day, indicating growing investor confidence towards the issue.

Avi Ansh Textile IPO - Day 2 Subscription at 4.08 Times

Key Highlights:

• On Day 2, Avi Ansh Textile's IPO was subscribed 4.08 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 5.80 times.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 2.37 times.
• The overall subscription trend indicated building momentum, with retail category showing significant increased participation.

Avi Ansh Textile IPO - Day 1 Subscription at 1.16 Times

Key Highlights:

• The IPO of Avi Ansh Textile was subscribed 1.16 times on Day 1, with initial demand primarily from Non-Institutional Investors.
• Non-Institutional Investors (NII) showed early interest with a subscription ratio of 1.44 times.
• Retail investors showed moderate initial interest with a subscription ratio of 0.88 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Avi Ansh Textile Ltd:

Avi Ansh Textile Limited, established in April 2005, is a leading manufacturer and exporter of 100% cotton yarn, specialising in both combed and carded cotton yarn across various counts. The company is ISO 14001:2015 and ISO 9001:2015 certified, reflecting its strong focus on environmental management and quality assurance. Avi Ansh Textile operates in both domestic and international markets, with spinning factories boasting a total capacity of 26,000 spindles and an annual production output of approximately 4,500 metric tons of cotton yarn. The company produces yarn in the 20s to 40s count range and, as of September 2024, employed 281 individuals. For FY 2024, Avi Ansh Textile reported revenue of ₹142.15 crore and a profit after tax (PAT) of ₹3.31 crore, showcasing its strong performance in the textile sector.

Read more about Avi Ansh Textile IPO

Highlights of the Avi Ansh Textile IPO:

• IPO Date: 20th September 2024 to 24th September 2024
• Listing Date: 27th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price: ₹62 per share (Fixed Price Issue)
• Lot Size: 2000 Shares
• Total Issue Size: 4,192,000 shares (aggregating up to ₹25.99 Cr)
• Fresh Issue: 4,192,000 shares (aggregating up to ₹25.99 Cr)
• Issue Type: Fixed Price Issue IPO
• Listing At: NSE SME
• Book Running Lead Manager: 3Dimension Capital Services Limited
• Registrar: Skyline Financial Services Private Ltd
• Market Maker: Nikunj Stock Brokers