Avi Ansh Textile IPO: What Investors Should Know Before Applying

1. Avi Ansh Textile IPO is a book-built issue of Rs 26 crores.
2. This upcoming IPO bidding opens on Sep 20 and closes on Sep 24, 2024.
3. Avi Ansh Textile SME IPO price is set at Rs 62 per share.
4. The minimum investment required is Rs 1,24,000.

Avi Ansh Textile IPO: Synopsis

Avi Ansh Textile IPO is open for subscription starting Friday, September 20, 2024, and closing on Tuesday, September 24, 2024. This upcoming IPO price is Rs 142 to Rs 150 per share. The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares.

The minimum investment required for retail category investors is Rs 1,29,600 (62 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,59,200 (62 x 4000 shares).

Avi Ansh Textile IPO is a book-built issue of Rs 26.00 crores. This upcoming IPO is an entirely fresh issue of Rs 41.94 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 25, 2024.

Avi Ansh Textile IPO will be listed on NSE SME on Friday, September 27, 2024. 3Dimension Capital Services Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar, and Nikunj Stock Brokers is the market maker for this IPO.

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Avi Ansh Textile IPO: About the Company

Avi Ansh Textile Limited was incorporated in 2005 as a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. Avi Ansh Textile Limited operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs. The company has achieved certain certifications that showcase its dedication to environmental management and quality assurance. They operate spinning factories with a total capacity of 26,000 spindles, producing approximately 4,500 metric tons of cotton yarn annually, ranging from 20s to 40s counts. Presently, the company has a team of 281 employees in various departments.

Avi Ansh Textile IPO: Objectives

The net funds from this Initial public offer will be used to meet the day-to-day capital requirements of the company. The remaining funds will be used for repaying the term loan and fulfilling the general corporate purposes.

Avi Ansh Textile IPO: Other Important Details

Time-Table of Avi Ansh Textile IPO

Avi Ansh Textile IPO: Financial Metrics (Amt in Rs Lakhs)

Avi Ansh Textile posted revenue of Rs 14,214.65 lakhs and net profit of Rs 331.35 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 17% and net profit increased by 1053% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Minimum Investment: Lot Size Details

Promoters of Avi Ansh Textile Limited and Their Holdings

The promoters of Avi Ansh Textile are Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Private Limited, S J Metals Private Limited, A K Jain , Sanjeev Mittal HUF, Ramesh Mittal HUF, S C Jain, Arihant Yarnfab Private Limited, Akanksha Jain, Ansh Jain. The promoter shareholdings before the IPO were 95.67%; however, after the IPO, shareholdings will decline to 66.98%.

Avi Ansh Textile: Strength of Company

1. The chosen site for the manufacturing plant offers a strategic advantage.
2. The company has diversified product offerings underscore its commitment to quality.
3. Avi Ansh Textile’S experienced management team brings a wealth of expertise and leadership.

FAQs

1. What are the details of the Avi Ansh Textile IPO?

Avi Ansh Textile IPO is a book-built issue of Rs 26.00 crores. This upcoming IPO is an entirely fresh issue of Rs 41.94 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, September 25, 2024.

2. Who are the lead managers for the Avi Ansh Textile IPO?

3Dimension Capital Services Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Skyline Financial Services in this IPO?

Skyline Financial Services Private Limited is the registrar for Avi Ansh Textile Limited, handling the IPO's administrative aspects.

4. How can I apply for the Avi Ansh Textile IPO?

The public subscription of this new IPO will open on September 20, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net funds from this Initial public offer will be used to meet the day-to-day capital requirements of the company. The remaining funds will be used for repaying the term loan and fulfilling the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Avi Ansh Textile Limited IPO by visiting here. For further updates follow Bigul.

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