The Avi Ansh Textile Limited IPO is an exciting opportunity for investors in the SME space. The company is launching its IPO on September 20, 2024, and it will be open for subscription until September 24, 2024. This article provides all the crucial details about the Avi Ansh Textile IPO, including its size, price, GMP, subscription status, and allotment dates.
Avi Ansh Textile Limited IPO Overview
The Avi Ansh Textile IPO is a Fixed Price Issue IPO aimed at raising ₹26 crores. It comprises a fresh issue of 41.94 lakh shares. The company is offering its shares at a price of ₹62 per share, with the minimum lot size being 2000 shares, meaning a minimum investment of ₹1,24,000 for retail investors.
Avi Ansh Textile Limited specializes in the manufacture and export of 100% cotton yarn, offering a wide range of products to both domestic and international markets. The company is certified with ISO 9001:2015 and ISO 14001:2015, ensuring high-quality standards.
| Details | Avi Ansh Textile IPO |
|---|---|
| IPO Opening Date | September 20, 2024 |
| IPO Closing Date | September 24, 2024 |
| IPO Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Minimum Investment (Retail) | ₹1,24,000 |
| Issue Size | ₹26.00 Crores |
| Market Maker | Nikunj Stock Brokers |
| Listing at | NSE SME |
| Promoters | Anil Kumar Jain, Geeta Jain, Avi Jain |
| Registrar | Skyline Financial Services Private Ltd |
For further insights on upcoming IPOs, check out our Upcoming IPO section.
Avi Ansh Textile IPO Key Dates
The tentative timeline for the Avi Ansh Textile IPO is crucial for investors to keep in mind. The basis of allotment will be finalized on September 25, 2024, and refunds will be initiated by September 26, 2024. Shares will be credited to the investors’ Demat accounts on the same date. The IPO is expected to list on September 27, 2024.
| Event | Date |
|---|---|
| IPO Open Date | September 20, 2024 |
| IPO Close Date | September 24, 2024 |
| Allotment Date | September 25, 2024 |
| Refund Initiation Date | September 26, 2024 |
| Shares Credited to Demat | September 26, 2024 |
| Listing Date | September 27, 2024 |
Explore our IPO Allotment Tips for a better understanding of how to maximize your chances of securing an allotment.
Avi Ansh Textile IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an important indicator of how an IPO is expected to perform once listed. The Avi Ansh Textile IPO GMP has shown positive trends, reflecting strong investor interest. Investors are advised to keep an eye on IPO GMP updates for the latest trends.
Subscription Details
The Avi Ansh Textile IPO Subscription window opens on September 20, 2024, and closes on September 24, 2024. The issue is divided into 50% each for retail investors and non-institutional investors (NIIs). Investors can apply for a minimum of 2000 shares.
Stay updated with the latest subscription figures in our IPO Subscription section.
| Investor Category | Shares Offered |
|---|---|
| Retail Investors | 50% |
| Other Investors | 50% |
Avi Ansh Textile Limited Company Overview
Avi Ansh Textile Limited was incorporated in April 2005. The company has established itself as a key player in the textile industry, producing high-quality 100% cotton yarn. They operate spinning factories with a total capacity of 26,000 spindles, producing around 4,500 metric tons of cotton yarn annually.
The company’s key strengths include:
- Strategic Manufacturing Location – The location of their manufacturing plant gives them a competitive edge.
- Diversified Product Range – The company offers various products catering to different markets.
- Experienced Management – The leadership team has a strong background in the textile industry.
For other IPO reviews, visit our IPO Review section.
Avi Ansh Textile IPO Financial Performance
The company has demonstrated robust financial growth. Its revenue grew by 17% from ₹12,149.57 lakhs in FY23 to ₹14,214.65 lakhs in FY24. The Profit After Tax (PAT) surged by an impressive 1053%, from ₹28.74 lakhs in FY23 to ₹331.35 lakhs in FY24.
| Financial Year | Revenue (₹ in Lakhs) | PAT (₹ in Lakhs) |
|---|---|---|
| FY 2024 | ₹14,214.65 | ₹331.35 |
| FY 2023 | ₹12,149.57 | ₹28.74 |
| FY 2022 | ₹12,016.76 | ₹155.55 |
Learn more about other IPO listings and financial reports in our IPO Listing section.
Avi Ansh Textile IPO Promoter Holding
Before the IPO, the company’s promoters hold a 95.67% stake. Post-IPO, this will reduce to 66.98%. The promoters include key industry figures like Anil Kumar Jain and Geeta Jain.
| Holding Type | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter Holding | 95.67% | 66.98% |
For more updates, visit our Rights Issues and NCD sections.
Competitive Strengths and Risks
Strengths:
- Strategic location for manufacturing.
- Diversified product portfolio.
- Experienced management team.
Risks:
- Dependence on a single production facility.
- Absence of long-term contracts with major customers.
- Vulnerability to changes in industry standards and technology.
For more details, refer to the Avi Ansh Textile IPO RHP.
FAQs about Avi Ansh Textile IPO
What is the Avi Ansh Textile IPO price?
The price is ₹62 per share.
When is the Avi Ansh Textile IPO allotment date?
The allotment date is September 25, 2024.
How to apply for Avi Ansh Textile IPO?
You can apply through ASBA online via your bank or broker.
What is the listing date of Avi Ansh Textile IPO?
The listing date is September 27, 2024, on NSE SME.
For more IPO insights, check out our Buyback and IPO Forms sections.
