Avi Ansh Textile Limited

20 Sep 2024 - 24 Sep 2024 Individual Category SME NSE

Min Investment

₹248000

Price Band

₹62

Issue Size

41.92 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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20 Sep 2024

Open Date

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24 Sep 2024

Close Date

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25 Sep 2024

Allotment Date

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27 Sep 2024

Listing Date

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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About 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.

Founded

2005

Managing Director

Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Private Limited, S J Metals Private Limited, A K J

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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