Avi Ansh Textile IPO
IPO Details
- Open Date
20 Sep 2024
- Close Date
24 Sep 2024
- IPO Price Range
₹ 62
- IPO Size
₹ 25.99 Cr
- Listing Exchange
NSE SME
- Listing Date
27 Sep 2024
IPO Timeline
Avi Ansh Textile IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Sep-24 | - | 1.43 | 0.87 | 1.15 |
| 23-Sep-24 | - | 2.37 | 5.73 | 4.05 |
Last Updated: 23 September 2024 5:39 PM by 5Paisa
Avi Ansh Textile IPO is set to open on 20 September 2024 and will close on 24 September 2024. Avi Ansh Textile makes and exports 100% cotton yarn offering both combed and carded cotton yarn in different thicknesses.
The IPO includes a fresh issue of 41.94 lakh shares aggregating ₹25.99 Cr and it does not include offer for sale. The price range is set at ₹62 per share and the lot size is 2,000 shares.
The allotment is scheduled to be finalized on 25 September 2024. It will go public on NSE SME, with a tentative listing date of 27 September 2024.
3Dimension Capital Services Limited is the book running lead manager, while Skyline Financial Services Private Ltd is the registrar.
Avi Ansh IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹25.99 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹25.99 Cr |
Avi Ansh IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
Avi Ansh IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 2.37 | 19,91,706 | 47,16,000 | 29.24 |
| Retail | 5.73 | 19,89,835 | 1,13,96,000 | 70.66 |
| Total | 4.05 | 39,81,542 | 1,61,12,000 | 99.89 |
1. To meet the working capital requirements.
2. General corporate purposes.
3. Loan Repayment
Avi Ansh Textile, founded in April 2005 makes and exports 100% cotton yarn, including combed and carded types in different thicknesses. The company has ISO 14001:2015 and ISO 9001:2015 certifications, reflecting its commitment to quality and environmental care.
They supply yarn and fabrics to both domestic and international markets, meeting diverse customer needs. Their spinning factories have 26,000 spindles, producing about 4,500 metric tons of cotton yarn each year, in thicknesses ranging from 20s to 40s counts. As of September 2024, the company employs 281 people across various departments.
Peers
Jindal Worldwide Ltd.
Shanti Spintex Ltd
Manomay Tex India Ltd
United Polyfab Gujarat Limited
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 142.15 | 121.40 | 120.17 |
| EBITDA | 9.64 | 4.56 | 6.19 |
| PAT | 3.31 | 0.29 | 1.56 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 65.23 | 46.92 | 43.37 |
| Share Capital | 9.78 | 9.78 | 9.78 |
| Total Borrowings | 44.81 | 31.93 | 26.50 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -12.45 | 2.70 | 7.67 |
| Net Cash Generated From / (used in) investing activities | -3.44 | 4.83 | -2.21 |
| Net Cash Generated From / (used in) financing activities | 10.61 | 3.60 | -8.49 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 5.28 | 1.58 | -3.04 |
Strengths
1. The company’s production facility is located in a place that offers logistical benefits, helping them efficiently serve both domestic and international markets.
2. Avi Ansh Textile holds ISO 14001:2015 and ISO 9001:2015 certifications, reflecting their focus on maintaining high standards in both environmental management and product quality.
3. With an experienced management team, the company continuously works on improving cost efficiency while offering a diverse range of products, ensuring consistent quality and market competitiveness.
Risks
1. Changes in cotton prices can impact production costs, potentially reducing profitability if the company is unable to pass these costs on to customers.
2. As Avi Ansh Textile operates in global markets, fluctuations in exchange rates could affect earnings from exports, especially if the local currency strengthens against other currencies.
3. Intense competition from both domestic and international textile manufacturers may pressure the company’s pricing, potentially impacting sales and market share.
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FAQs
Avi Ansh Textile IPO opens from 20 September 2024 to 24 September 2024.
The size of the Avi Ansh Textile IPO is ₹25.99 Crores.
The price of the Avi Ansh Textile IPO fixed at ₹62 per share .
To apply for Avi Ansh Textile IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Avi Ansh Textile IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Avi Ansh Textile IPO is 2000 shares and the minimum investment required is ₹1,24,000.
The share allotment date of Avi Ansh Textile IPO is 25 September 2024.
The Avi Ansh Textile IPO will be listing on 27 September 2024.
3Dimension Capital Services Limited is the book running lead manager for Avi Ansh Textile IPO.
Avi Ansh Textile plans to utilize the raised capital from the IPO for:
1. To meet the working capital requirements.
2. General corporate purposes.
3. Loan Repayment
Contact Information
Avi Ansh Textile
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/
Avi Ansh Textile IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Avi Ansh Textile IPO Lead Manager
3Dimension Capital Services Limited
