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 |
