IPO

Anand Rayons Limited IPO

BSE SME

Offer Date: Jun 18, 2019 - Jun 24, 2019

₹ 216000 /8000 Shares
*Min Investment

18 Jun, 2019

Open Date

24 Jun, 2019

Close Date

28 Jun, 2019

Allotment Date

02 Jul, 2019

Listing Date
IPO Issue Details
  • Issue Price  Rs 27/- Per Equity Share 
  • Face Value Rs 10/- Per Equity Share 
  • Issue Price Fresh issue of 46,88,000 Equity Shares of Rs 10/- at a price of  Rs 27/- per share aggregating to Rs 12.66 Cr
  • Listing at BSE SME
  • Lead Manager Guiness Corporate Advisors Pvt Ltd
  • Registrar Bigshare Services  Private Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Anand Rayons Limited IPO is an SME IPO, priced at  Rs 27/- Per Equity Share . The equity shares have a face value of Rs 10/- Per Equity Share  each and will be listed on the BSE SME platform.

The IPO bidding window is open from Jun 18, 2019 to Jun 24, 2019. The allotment is expected to be finalized on Jun 28, 2019, and the tentative listing date is Jul 2, 2019.


The registrar of the IPO is Bigshare Services  Private Ltd, and

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IPO Subscription Analysis And Details
Retail
10.00x
Total
52.00x
As onQIB / NIIRetailTotal
Shares Offered / Reserved22,24,00022,24,00044,48,000
Day 1 - 18-06-2019
12,00,000 0.54 x20,000 0.01 x12,20,000 0.27 x
Day 2 - 19-06-2019 
19,36,000 0.87 x56,000 0.03 x19,92,000 0.45 x
Day 3 - 20-06-2019
24,56,000 1.10 x1,32,000 0.06 x25,88,000 0.58 x
Day 4 - 21-06-2019 
32,32,000 1.45 x3,16,000 0.14 x35,48,000 0.80 x
Day 5 - 24-06-2019 
41,36,000 1.86 x10,72,000 0.48 x52,08,000 1.17 x
Valuations
Earnings Per Share (EPS) Rs 0.96/-
P/E Ratio 28.12
RoNW 16.65%
Net Asset Value after issue Rs  16.77/-
IPO - Issue Objectives
1

Incremental Working capital requirements

2

General Corporate Purpose

3

Meeting Public Issue Expenses

IPO - Peers Comparison
P/B RatioP/E RatioRoNWRevenue(in Cr.)
Anand Rayons Limited1.6128.1216.65%259.59
Shiva Texyarn Limited1.5025.145.98%353.53
Jakharia Fabric Limited2.4921.296.19%83.97