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Avi Ansh Textile IPO

  • Status: Closed
  • RHP:
  • ₹ 124,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    27 Sep 2024

  • Listing Price

    ₹ 68.00

  • Listing Change

    9.68%

  • Last Traded Price

    ₹ 104.00

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

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Avi Ansh Textile IPO Subscription Status

Last Updated: 25 September 2024 11:58 AM 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) 5.25 19,91,706 1,04,58,000 64.84
Retail 11.38 19,89,835 2,26,54,000 140.45
Total 8.32 39,81,542 3,31,12,000 205.29

 

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
 

Profit and Loss

Balance Sheet

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