Avi Ansh Textile IPO Date, Review, Price, Allotment Details

Avi Ansh Textile IPO open date is September 20 and the IPO will close on September 24, 2024. Avi Ansh Textile IPO is a Fixed Price Issue. The company to raise around ₹26.00 crores via IPO that comprises fresh issue of ₹26.00 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Avi Ansh Textile IPO price band is ₹62 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Avi Ansh Textile IPO to list on NSE on September 27, 2024. The allotment of Avi Ansh Textile IPO date is September 25, 2024.

The company reported revenue of ₹142.15 crores in 2024 against ₹121.50 crore in 2023. The company reported profit of ₹3.31 crores in 2024 against profit of ₹0.29 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Avi Ansh Textile IPO

Avi Ansh Textile IPO Details

IPO Open Date:September 20, 2024
IPO Close Date:September 24, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹62 Per Share
Issue Size:Approx ₹26.00 Crores
Fresh Issue:Approx ₹26.00 Crores
Offer for Sale:Approx [.] Equity Shares
Issue Type:Fixed Price Issue
IPO Listing:NSE SME
Retail Quota:Not more than 50%
QIB Quota:Not more than 00%
NII Quota:Not more than 50%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Avi Ansh Textile IPO IPO Market Lot

The Avi Ansh Textile IPO minimum market lot is 2000 shares with ₹124,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹124,000
Retail Maximum12000₹124,000
HNI Minimum24000₹248,000

Avi Ansh Textile IPO Dates

The Avi Ansh Textile IPO date is September 20 and the close date is September 24 . The Avi Ansh Textile IPO allotment will be finalized on September 25 and the IPO listing on September 27 .

IPO Open Date:September 20, 2024
IPO Close Date:September 24, 2024
Basis of Allotment:September 25, 2024
Refunds:September 26, 2024
Credit to Demat Account:September 26, 2024
IPO Listing Date:September 27, 2024

Promoters of Avi Ansh Textile IPO

The promoters of the company are 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.

About Avi Ansh Textile IPO

Punjab-based Avi Ansh Group is the leading textile company that operates in the domestic as well as international markets. They have been operating their business in the yarn sector since 2005 from year 2012, they have established their presence as the best manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. The company had a huge production capacity at that time was approximately 4,500MT of cotton yarn per year, with 26,314 spindles. They have done successful sales operations in multiple states like Punjab, Haryana, Uttar Pradesh, and Delhi, as well as countries like Nepal, Bangladesh, Philippines, and Hong Kong. It expanded its presence and built strong client relationships through strategic initiatives and aggressive market penetration techniques. Their maintained good quality standard for the international market has garnered trust from both domestic and international buyers.

Today, the company is equipped with high-speed automatic circular knitting machines, their fabric division can knit 1800 MT per annum of various fabric types. The company is a manufacturing house engaged in the business of manufacturing of:

Yarns – 1. 100 % Carded cotton

  1. 100% Combed cotton
  2. Short, medium, and long slub yarn produced With specific patterns

Fabric- 1. Single Jersey, Rib Knit, Interlock Fabric, Terry

  1. Diagonal Terry, waffle, Thermal, Fleece
  2. Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics
  3. Dry Fit, Honeycomb Mat, Spun Matte

The company has developed heavy machines of German and European technology to get the result as well and adequate labor is employed to maintain 24-hour non-stop production at the unit.

Avi Ansh Textile IPO Company Financial Report

The company reported revenue of ₹142.15 crores in 2024 against ₹121.50 crores in 2023. The company reported a profit of ₹3.31 crores in 2024 against a profit of ₹0.29 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2021₹72.64₹71.72₹0.68₹46.95
2022₹120.17₹118.01₹1.56₹43.37
2023₹121.50₹121.11₹0.29₹46.92
2024₹142.15₹137.71₹3.31₹65.23

Avi Ansh Textile IPO Valuation – FY2024

Check Avi Ansh Textile IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:20.88%
ROCE:15.88%
EBITDA Margin:6.82%
PAT Margin:2.35%
Debt to equity ratio:2.87
Earning Per Share (EPS):₹3.39 (Basic)
Price/Earning P/E Ratio:18.28
Return on Net Worth (RoNW):20.88%
Net Asset Value (NAV):₹16.22

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Jindal Worldwide Ltd3.7792.3710.5236.301814.09 Cr.
Shanti Spintex Limited8.715.7015.0351.26505.00 Cr.
Manomay Tex India Limited7.2023.1010.0871.47583.09 Cr.
United Polyfab Gujarat Ltd3.0929.618.2934.70908.48 Cr.

Objects of the Issue

  • To meet Working Capital requirements
  • Term Loan Repayment
  • General Corporate Purpose

Avi Ansh Textile IPO Review

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Avi Ansh Textile IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php

IPO Lead Managers aka Merchant Bankers

  • 3Dimension Capital Services Limited

Company Address

Avi Ansh Textile Limited
402, 4th Floor
Aggarwal Cyber Plaza-1, Netaji Subhash Place,
Pitampura, North West-Delhi
Phone: +91-11-4142-52
Email: [email protected]
Website: https://www.avianshgroup.com/

Avi Ansh Textile IPO FAQs

What is Avi Ansh Textile IPO?

Avi Ansh Textile IPO is a SME IPO. The company is going to raise ₹26.00 Crores via IPO. The issue is priced at ₹62 pr equity share. The IPO is to be listed on NSE.

When Avi Ansh Textile IPO will open for subscription?

The IPO is to open on September 20, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 24, 2024.

What is Avi Ansh Textile IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the Avi Ansh Textile IPO?

You can apply for Avi Ansh Textile IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Avi Ansh Textile IPO Issue Size?

Avi Ansh Textile IPO issue size is ₹26.00 crores.

What is Avi Ansh Textile IPO Price Band?

Avi Ansh Textile IPO Price Band is ₹62.

What is Avi Ansh Textile IPO Lot Size?

The minimum bid is 2000 Shares with ₹124,000 amount.

What is the Avi Ansh Textile IPO Allotment Date?

Avi Ansh Textile IPO allotment date is September 25, 2024.

What is the Avi Ansh Textile IPO Listing Date?

Avi Ansh Textile IPO listing date is September 27, 2024. The IPO is to list on NSE.

Note: The Avi Ansh Textile IPO price band and date are officially announced. The (Avi Ansh Textile IPO grey market premium) will be added to the IPO GMP page as it will start).
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