IPO

Avi Ansh Textile Limited IPO

NSE SME

Listed On: Sep 27, 2024 at ₹ 68.0

₹ 248000 /4000 Shares
*Min Investment

Check Allotment

20 Sep, 2024

Open Date

24 Sep, 2024

Close Date

25 Sep, 2024

Allotment Date

27 Sep, 2024

Listing Date
Avi Ansh Textile IPO Issue Details
  • Issue Price ₹62 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 41,92,000 shares(aggregating up to ₹25.99 crore)
  • Fresh Share 41,92,000 shares(aggregating up to ₹25.99 crore)
  • Listing at NSE SME
  • List Price 68.0
  • Listing Date 2024-09-27
  • Lead Manager 3Dimension Capital Services Limited
  • Registrar Skyline Financial Services Private Ltd
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,24,000
Retail(max)12000₹1,24,000
NII (min) 24000₹2,48,000
Avi Ansh Textile IPO Reservation

Avi Ansh Textile IPO offers total 41,93,542 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,19,89,835 (47.45%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered- (NA%)
Market Maker Shares Offered2,12,000 (5.06%)
Retail Shares Offered19,89,835 (47.45%)
Total Shares Offered41,93,542 (100%)
Avi Ansh Textile IPO Documents
DRHP
RHP
Avi Ansh Textile IPO Details


Avi Ansh Textile Limited IPO is an SME IPO, priced at ₹62 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 41,92,000 equity shares, aggregating up to ₹25.99 crores..

The IPO bidding window is open from Sep 20, 2024 to Sep 24, 2024. The allotment is expected to be finalized on Sep 25, 2024, and the tentative listing date is Sep 27, 2024.

The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,24,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,48,000.

3Dimension Capital Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Nikunj Stock Brokers Limited will act as the market maker for this issue.

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Avi Ansh Textile IPO Subscription Analysis And Details
Retail
11.61x
Total
8.50x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,991,7061,989,8353,981,542
Day 1 20-09-24 06:00 PM
1.44 x0.88 x1.16 x
Day 2 23-09-24 06:00 PM
2.37 x5.80 x4.08 x
Day 3 24-09-24 06:00 PM
5.38 x11.61 x8.50 x
Total No of Applications
11,327
Avi Ansh Textile Valuations
EPS Pre IPO ₹3.39/-
EPS Post IPO ₹2.37/-
P/E Pre IPO 18.31
P/E Post IPO 26.16
ROE 20.88%
ROCE 15.88%
Debt/Equity 2.82
RoNW 20.88%
PAT Margin 2.35
Avi Ansh Textile Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets6,522.644,692.354,336.85
Revenue14,214.6512,149.5712,016.76
Profit After Tax331.3528.74155.55
Net Worth1,587.221,256.741,229.62
Reserves & Surplus608.73278.25251.13
Total Borrowing4,481.213,193.462,659.87
About Avi Ansh Textile Company

Avi Ansh Textile Limited is an April 2005 incorporated manufacturer and exporter of 100% cotton yarn, which includes combed and carded cotton yarn in various counts.

Avi Ansh Textile Limited has ISO 14001:2015 and ISO 9001:2015 certifications, thus proving its commitment to environmental management and quality assurance.

The company sells a variety of yarns and fabrics in both domestic and international markets, manufacturing them according to customer requirements.

This is with a capacity of 26,000 spindles running and producing close to 4,500 tons of cotton yarn yearly, including yarn counts that run from 20s to 40s counts.

As at September 2024, there were 281 workers spread across its various departments.

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Avi Ansh Textile - Promoter(s)

Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Private Limited, S J Metals Private Limited, A K Jain .(HUF) , Sanjeev Mittal HUF. , Ramesh Mittal HUF, S C Jain, (HUF), Arihant Yarnfab Private Limited, Akanksha Jain, Ansh Jain.

Pre Issue Share Holding : 95.67%

Post Issue Share Holding : 66.98%

Avi Ansh Textile IPO - Issue Objectives
1

To meet Working Capital requirements

2

Term Loan Repayment

3

General Corporate Purpose

Avi Ansh Textile IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Avi Ansh Textile Limited3.393.39N/A18.282.29N/ARestated Financial Statement for FY 2023-24
Jindal Worldwide Ltd.3.773.77N/A92.3710.52N/AAnnual Report FY 2023
Shanti Spintex Ltd8.718.71N/A5.715.03N/AAnnual Report FY 2023
Manomay Tex India Ltd7.27.2N/A23.110.08N/AAnnual Report FY 2023
United Polyfab Gujarat Limited3.093.09N/A29.618.29N/AAnnual Report FY 2023

Notes:

  1. The EPS, NAV, RoNW, and total income of the Company are taken as per Restated Financial Statement for the Financial Year 2023-24.
  2. NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2024.
  3. RoNW has been computed as net profit after tax divided by closing net worth.
  4. Net worth has been computed in the manner as specified in Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details

Avi Ansh Textile

402, 4th Floor, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, North West-Delhi

+91-11-4142-52

avianshanil@rediffmail.com

https://www.avianshgroup.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php