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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 2000 | ₹124,000 |
Retail Maximum | 1 | 2000 | ₹124,000 |
HNI Minimum | 2 | 4000 | ₹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
- 100% Combed cotton
- Short, medium, and long slub yarn produced With specific patterns
Fabric- 1. Single Jersey, Rib Knit, Interlock Fabric, Terry
- Diagonal Terry, waffle, Thermal, Fleece
- Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics
- 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 Ended | Revenue | Expense | Profit After Tax | Assets |
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.
KPI | Values |
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
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Jindal Worldwide Ltd | 3.77 | 92.37 | 10.52 | 36.30 | 1814.09 Cr. |
Shanti Spintex Limited | 8.71 | 5.70 | 15.03 | 51.26 | 505.00 Cr. |
Manomay Tex India Limited | 7.20 | 23.10 | 10.08 | 71.47 | 583.09 Cr. |
United Polyfab Gujarat Ltd | 3.09 | 29.61 | 8.29 | 34.70 | 908.48 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/
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