IPO

Avi Ansh Textile Ltd. IPO

Avi Ansh Textile Ltd., established in 2005, operates in the Textiles - Weaving sector. The company's IPO opened on September 20, 2024 and closed on September 24, 2024, with an issue price of ₹62. The ... Read more

Min Investment
₹ 1,24,000 / 2000 shares
Price Range
₹62
Bidding Dates
20 Sep '24 - 24 Sep '24
Total Issue Value
13.65 Cr
Lot Size
2,000
Total Issue Size
13.65 Cr
Listing At
NSE SME
Subscription
8.00 times
NSE Price
108.50 (75%)

IPO Timeline

  • 20 Sep 2024
    Bidding Starts
  • 24 Sep 2024
    Bidding Ends
  • 25 Sep 2024
    Allotment Finalization
  • 27 Sep 2024
    Listing

About Avi Ansh Textile Ltd.

Our Company is operating in the yarn Sector since 2005. We manufacture and export cotton yarn, including combed, carded cotton yarn in various counts. Our annual production capacity is approximately 4,500MT of cotton yarn (Spinning Unit). Our company adheres the quality standards and complies ... Read more

Parent organisation
Founded
Avi Ansh Textile Ltd.
2005

Avi Ansh Textile Ltd. IPO Reservation

Investors Category Shares Offered
Market Makers 2,12,000 (9.63%)
Non Institutional Investors 19,90,000 (90.37%)
Retail Individual Investors (RIIs) 19,90,000 (90.37%)

Avi Ansh Textile Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 142.15 Cr 3.31 Cr 6.09 Cr
31 Mar 2023 121.50 Cr 28.74 Lakh 2.78 Cr
31 Mar 2022 120.17 Cr 1.56 Cr 2.51 Cr

Avi Ansh Textile Ltd. Background

Major Events And Milestones
  • 2005
    Incorporation of our Company as M/s Rajneesh Spinners Private Limited” under the Companies Act,1956
  • 2012
    Avi Ansh Textile Commenced Operations with the installed Capacity of 6000 Spindles.
  • 2014
    Avi Ansh Textile expanded the installed capacity to 12000 spindles. Along with the Modernization of the entire spinning unit.
  • 2018
    The Company Further Expanded the Installed Capacity to 26314 Spindles. Leading to an Annual Yarn Production of 4500 Metric Tons.
  • 2022
    After Attaining its hold over spinning, The Company further diversified into Knitting Business, Leading o Vertical integration. The company commenced operations with installing 20 machines with an annual capacity of 1800 metric tons.
  • 2023
    Conversion of company from Private Limited to Public Limited. In consequence of such conversion, Name of our company changed from “Avi Ansh Textile Private Limited” to “Avi Ansh Textile Limited”.
  • 2024
    Sub-Division of Equity Shares of the from the Face Value of Rs. 100 each to Face Value of Rs. 10 per share
Avi Ansh Textile Ltd. Object of Issues

1. Funding of Working Capital requirements
2. Term loan Repayment
3. General Corporate Purpose

Avi Ansh Textile Ltd. IPO Listing Details
Listing Date
27 Sep 2024
NSE Symbol
AVIANSH
ISIN
INE0TFB01017
Final Issue Price
₹ 62
Avi Ansh Textile Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 62.00
Open - ₹ 68.00
Low - ₹ 64.60
High - ₹ 71.40
Last Trade - ₹ 71.15
Avi Ansh Textile Ltd. Company Promoters

1. Anil Kumar Jain
2. Geeta Jain
3. Avi Jain
4. G A Alloys Private Limited
5. S J Metals Private Limited
6. A K Jain. (HUF)
7. Sanjeev Mittal HUF
8. Ramesh Mittal HUF
9. S C Jain (HUF)
10. Arihant Yarn fab Private Limited
11. Akanksha Jain
12. Ansh Jain

Industry Overview

The domestic apparel and textile industry in India contributes approx. 2.3% to the country’s GDP, 13% to industrial production and 12% to exports. India has a 4% share of the global trade in textiles and apparel. India is one of the largest producers of cotton and jute in the world. India ... Read more

Avi Ansh Textile Ltd. Contact Details
Address: 402,4th Floor, Aggarwal Cyber Plaza-I Netaji Subhash Place, Pitampura, North West, Delhi Delhi - 110034
Phone no:41425247
41425247
|
Avi Ansh Textile Ltd. IPO Registrar
Skyline Financial Services Pvt. Ltd.
D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi Delhi - 110020
40450193, 40450197
Avi Ansh Textile Ltd. IPO Lead Manager(s)
3Dimension Capital Services Ltd.
K-37A, Basement, Kailash Colony, Near Kailash Colony Metro Station, New Delhi Delhi - 110048
40196737

FAQs

When does Avi Ansh Textile Ltd. IPO opens and closes?

Avi Ansh Textile Ltd. IPO opens from 20th September to 24th September 2024.

What is the size of Avi Ansh Textile Ltd. IPO?

The size of the Avi Ansh Textile Ltd. IPO is ₹13.65 Cr.

What is the minimum investment and lot size required for the Avi Ansh Textile Ltd. IPO?

The minimum investment required is ₹1,24,000 and minimum lot size is 2000 shares.

When is Avi Ansh Textile Ltd. IPO listing date?

The Avi Ansh Textile Ltd. IPO will be listed on 27th September 2024.

What is the objective of Avi Ansh Textile Ltd. IPO?

1. Funding of Working Capital requirements
2. Term loan Repayment
3. General Corporate Purpose

Latest Updates

Avi Ansh Textile IPO Closes Today , Allotments Scheduled On 25th September 

Avi Ansh Textile is launched an Initial Public Offering (IPO) to raise Rs 25.99 crores. The IPO consisted entirely of a fresh issue of 41.92 lakh shares. The subscription period for the IPO opened on September 20, 2024, and closed on September 24, 2024. Allotment is expected to be finalized on September 25, and the shares are tentatively scheduled to list on the National Stock Exchange's Small and Medium Enterprises (SME) platform on September 27, 2024.

The IPO price is fixed at Rs.62 per share. Retail investors can participate with a minimum investment of Rs.124,000 for 2,000 shares, while high net-worth individuals (HNIs) are required to invest a minimum of Rs. 248,000 for 4,000 shares. The company offered 41,93,542 shares to the public, with 47.49% allocated to Non-Institutional Investors (NIIs) and 47.45% allocated to Retail Individual Investors (RIIs).

Avi Ansh Textile Limited, founded in 2005, is a prominent manufacturer and exporter of 100% cotton yarn. The company specializes in producing both combed and carded cotton yarn in a variety of counts and is led by its promoters, Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Private Limited, S J Metals Private Limited, A K Jain (HUF), Sanjeev Mittal HUF, Ramesh Mittal HUF, S C Jain (HUF), Arihant Yarnfab Private Limited, Akanksha Jain, and Ansh Jain.

 

24 September 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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