Avi Ansh Textile IPO Details
| IPO Size | 26.00 |
| Price Range | ₹62 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹124,000 |
| Pre IPO Promotor Holding | 95.67% |
| Post IPO Promotor Holding | 66.98% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Avi Ansh Textile IPO Timelines
20/09/2024
Start Date24/09/2024
End Date26/09/2024
Refund Initiation26/09/2024
Credit of Shares to Demat Ac27/09/2024
Listing DateAvi Ansh Textile IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 5.25x | 11.38x | -- | 8.32x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹68 | ₹71.15 | ₹71.40 | ₹64.60 |
Avi Ansh Textile IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹72.64 | ₹71.72 | ₹0.68 |
| FY 2022 | ₹120.17 | ₹118.01 | ₹1.56 |
| FY 2023 | ₹121.50 | ₹121.11 | ₹0.29 |
| FY 2024 | ₹142.15 | ₹137.71 | ₹3.31 |
About Company
AVI ANSH TEXTILE LTD., established in 2012 in Punjab, is a leading manufacturer and exporter of 100% cotton yarn. The company, with a production capacity of 4,500 MT annually, produces yarn in counts ranging from 20s to 40s using advanced technology and stringent quality control.
Operating spinning factories with 26,000 spindles, the company produces both combed and carded yarns. Initially equipped with 6,000 spindles and advanced machinery from India, Switzerland, and Germany, AVI ANSH TEXTILE has over 10 years of experience in yarn manufacturing and 30 years in trading.
The company emphasizes using top-quality raw materials and has experienced directors overseeing operations. It is preparing to enter the knitting sector by the end of 2022. AVI ANSH TEXTILE is committed to quality, employing advanced testing instruments and maintaining rigorous quality control from raw cotton selection to finished yarn packing, supported by regular training and awareness programs for employees.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2005 | Textile | Anil Kumar Jain |
Know Before Investing
Avi Ansh Textile IPO Strengths
- The chosen site for the manufacturing plant provides a significant strategic advantage.
- A wide range of product offerings highlights a strong commitment to quality.
- The management team brings extensive expertise and effective leadership.
Avi Ansh Textile IPO Risks
- Business relies on the Punjab production facility; loss or shutdown could negatively impact operations and results.
- Lack of long-term agreements with most customers may lead to adverse effects from order changes or demand forecasting issues.
- Insurance coverage may not be sufficient.
Swot Analysis for Avi Ansh Textile IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
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/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Avi Ansh Textile IPO are:
- To meet Working Capital requirements
- Term Loan Repayment
- General Corporate Purpose
3Dimension Capital Services Ltd. is the book-running lead managers for the Avi Ansh Textile IPO.