Avi Ansh Textile Limited IPO

Avi Ansh Textile Limited IPO opens on September 20, 2024, and closes on September 24, 2024. The Avi Ansh Textile Limited IPO allotment is anticipated to be completed on Wednesday, September 25, 2024. Avi Ansh Textile IPO will be listed on NSE SME with a tentative listing date fixed as Friday, September 27, 2024.

Avi Ansh Textile Limited IPO’s price band is 62 per share. The IPO is a book-built issue of Rs 26.00 crores. The issue is entirely a fresh issue of 41.94 lakh shares.

Avi Ansh Textile IPO Details

Avi Ansh Textile IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Avi Ansh Textile IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

1. To meet Working Capital requirements
2. Term Loan Repayment
3. General Corporate Purposes.

About Avi Ansh Textile Limited

Avi Ansh Textile Limited, founded in April 2005, specializes in manufacturing and exporting a diverse range of 100% cotton yarns, including combed and carded varieties. The company is ISO 14001:2015 and ISO 9001:2015 certified, reflecting its commitment to environmental management and quality standards. With a production capacity of 26,000 spindles and an annual output of approximately 4,500 metric tons of yarn, Avi Ansh serves both domestic and international markets. As of September 2024, the company employs 281 people. Its strategic plant location, broad product range, and experienced management team are key competitive strengths.

Avi Ansh Textile Limited Financial Information

Avi Ansh Textile IPO Reservation

Avi Ansh Textile IPO Timeline

Avi Ansh Textile IPO opens on September 20, 2024, and closes on September 24, 2024.