Avi Ansh Textile IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 20 to Sep 24 2024
Price Band
₹62
Current GMP
₹68(9.68%)
Subscription
8.32 times
IPO Details
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,192,000 shares (aggregating up to ₹25.99 Cr) |
| Fresh Issue | 4,192,000 shares (aggregating up to ₹25.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,784,930 |
| Share holding post issue | 13,976,930 |
| Market Maker portion | 212,000 shares Nikunj Stock Brokers |
IPO Date
September 20, 2024 to September 24, 2024
Listing Date
Friday, September 27, 2024
Face Value
₹10 per share
Price
₹62 per share
Lot Size
2000 Shares
Total Issue Size
4,192,000 shares (aggregating up to ₹25.99 Cr)
Fresh Issue
4,192,000 shares (aggregating up to ₹25.99 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
9,784,930
Share holding post issue
13,976,930
Market Maker portion
212,000 shares Nikunj Stock Brokers
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 5.25 |
| Retail Investors | 11.38 |
| Total ** | 8.32 |
Market Maker
1
Non-Institutional Buyers***
5.25
Retail Investors
11.38
Total **
8.32
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Sep 20, 2024 | 1.44 | 0.88 | 1.16 |
| Day 2 Sep 23, 2024 | 2.37 | 5.80 | 4.08 |
| Day 3 Sep 24, 2024 | 5.25 | 11.38 | 8.32 |
DayDay 1
Sep 20, 2024
NII*1.44
Retail0.88
Total1.16
DayDay 2
Sep 23, 2024
NII*2.37
Retail5.80
Total4.08
DayDay 3
Sep 24, 2024
NII*5.25
Retail11.38
Total8.32
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 27-09-2024 | 62.00 | 2(3.23%) | 64 |
| 26-09-2024 | 62.00 | 2(3.23%) | 64 |
| 25-09-2024 | 62.00 | 2(3.23%) | 64 |
| 24-09-2024 | 62.00 | 2(3.23%) | 64 |
| 23-09-2024 | 62.00 | 8(12.9%) | 70 |
| 22-09-2024 | 62.00 | 10(16.13%) | 72 |
| 21-09-2024 | 62.00 | 10(16.13%) | 72 |
| 20-09-2024 | 62.00 | 8(12.9%) | 70 |
| 19-09-2024 | 62.00 | 12(19.35%) | 74 |
| 18-09-2024 | 62.00 | 0(0.0%) | 62 |
| 17-09-2024 | 62.00 | 0(0.0%) | 62 |
| 16-09-2024 | 62.00 | 0(0.0%) | 62 |
Date27-09-2024
Price62.00
GMP2(3.23%)
Estimate List Price64
Date26-09-2024
Price62.00
GMP2(3.23%)
Estimate List Price64
Date25-09-2024
Price62.00
GMP2(3.23%)
Estimate List Price64
Date24-09-2024
Price62.00
GMP2(3.23%)
Estimate List Price64
Date23-09-2024
Price62.00
GMP8(12.9%)
Estimate List Price70
Date22-09-2024
Price62.00
GMP10(16.13%)
Estimate List Price72
Date21-09-2024
Price62.00
GMP10(16.13%)
Estimate List Price72
Date20-09-2024
Price62.00
GMP8(12.9%)
Estimate List Price70
Date19-09-2024
Price62.00
GMP12(19.35%)
Estimate List Price74
Date18-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date17-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
Date16-09-2024
Price62.00
GMP0(0.0%)
Estimate List Price62
IPO Important Dates
| IPO Open Date | Friday, September 20, 2024 |
| IPO Close Date | Tuesday, September 24, 2024 |
| Basis of Allotment | Wednesday, September 25, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| Credit of Shares to Demat | Thursday, September 26, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
IPO Open Date
Friday, September 20, 2024
IPO Close Date
Tuesday, September 24, 2024
Basis of Allotment
Wednesday, September 25, 2024
Initiation of Refunds
Thursday, September 26, 2024
Credit of Shares to Demat
Thursday, September 26, 2024
Listing Date
Friday, September 27, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 24, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4,000 | ₹248,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹124,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹124,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹248,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,522.64 | 4,692.35 | 4,336.85 |
| Revenue | 14,214.65 | 12,149.57 | 12,016.76 |
| Profit After Tax | 331.35 | 28.74 | 155.55 |
| Net Worth | 1,587.22 | 1,256.74 | 1,229.62 |
| Reserves and Surplus | 608.73 | 278.25 | 251.13 |
| Total Borrowing | 4,481.21 | 3,193.46 | 2,659.87 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 20246,522.64
31 Mar 20234,692.35
31 Mar 20224,336.85
Period EndedRevenue
31 Mar 202414,214.65
31 Mar 202312,149.57
31 Mar 202212,016.76
Period EndedProfit After Tax
31 Mar 2024331.35
31 Mar 202328.74
31 Mar 2022155.55
Period EndedNet Worth
31 Mar 20241,587.22
31 Mar 20231,256.74
31 Mar 20221,229.62
Period EndedReserves and Surplus
31 Mar 2024608.73
31 Mar 2023278.25
31 Mar 2022251.13
Period EndedTotal Borrowing
31 Mar 20244,481.21
31 Mar 20233,193.46
31 Mar 20222,659.87
Key Performance Indicator
| ROE | 20.88% |
| ROCE | 15.88% |
| Debt/Equity | 2.82 |
| RoNW | 20.88% |
| PAT Margin (%) | 2.35 |
| EPS (Rs) | 3.39 |
ROE
20.88%
ROCE
15.88%
Debt/Equity
2.82
RoNW
20.88%
PAT Margin (%)
2.35
EPS (Rs)
3.39
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 2,12,000 (5.06%) |
| Other Shares Offered | 19,91,706 (47.49%) |
| Retail Shares Offered | 19,89,835 (47.45%) |
| Total Shares Offered | 41,93,542 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
2,12,000 (5.06%)
Other Shares Offered
19,91,706 (47.49%)
Retail Shares Offered
19,89,835 (47.45%)
Total Shares Offered
41,93,542 (100%)
Information about company
Incorporated in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts.
Avi Ansh Textile Limited has achieved ISO 14001:2015 and ISO 9001:2015 certifications, showcasing its dedication to environmental management and quality assurance.
The company operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs.
The company operates 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.
As of September 2024, the company has 281 employees in various departments.
Competitive Strengths:
The chosen site for the manufacturing plant offers a strategic advantage.
Diversified product offerings underscore its commitment to quality.
The company's experienced management team brings a wealth of expertise and leadership.
Objectives of IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
To meet Working Capital requirements
Term Loan Repayment
General Corporate Purpose
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App