Issue Price
₹62
per equity share
Issue Size
41.92 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
2000
equity share
Please note
Listing at NSE
Avi Ansh Textile Limited
Important Dates
IPO Open Date
20 Sep 2024
IPO Close Date
24 Sep 2024
Allotment Date
25 Sep 2024
Initiation of Refunds
26 Sep 2024
Credit of Shares to Demat Account
26 Sep 2024
IPO Listing Date
27 Sep 2024
UPI Mandate Expiry Date
24 Sep 2024
IPO Details
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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Check Allotment StatusAbout Avi Ansh Textile Limited
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.
Parent Organisation
-
Founded
2005
Managing Director
Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Private Limited, S J Metals Private Limited, A K J
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
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PAN Card | Aadhaar Card | Bank Account Number
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