Avi Ansh Textile Limited IPO

NiftyTrader • September 17, 2024

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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

IPO Date	September 20, 2024 to September 24, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹62 per share
Lot Size	2000 Shares
Total Issue Size	4,193,541 shares (aggregating up to ₹26.00 Cr)
Fresh Issue	4,193,541 shares (aggregating up to ₹26.00 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Shareholding pre-issue	9,784,930
Shareholding post-issue	13,978,471
Market Maker portion	213,871 shares

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.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹124,000
Retail (Max)	1	2000	₹124,000
S-HNI (Min)	2	4000	₹248,000

Avi Ansh Textile IPO Objectives

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

To meet Working Capital requirements
Term Loan Repayment
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

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,522.64	4,692.35	4,336.85	4,694.81
Revenue	14,214.65	12,149.57	12,016.76	7,264.3
Profit After Tax	331.35	28.74	155.55	68.2
Net Worth	1,587.22	1,256.74	1,229.62	1,076.34
Reserves and Surplus	608.73	278.25	251.13	97.85
Total Borrowing	4,481.21	3,193.46	2,659.87	3,375.46
				Amount in ₹ Lakhs

Avi Ansh Textile IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Avi Ansh Textile IPO Timeline

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

IPO Open Date	Friday, September 20, 2024
IPO Close Date	Tuesday, September 24, 2024
Basis of Allotment	Wednesday, September 25, 2024
Initiation of Refunds	Thursday, September 26, 2024
A credit of Shares to Demat	Thursday, September 26, 2024
Listing Date	Friday, September 27, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 24, 2024