Avi Ansh Textile IPO Date, Review, Price, Allotment Details

Avi Ansh Textile IPO is opening for subscription on September 20, 2024, and closing on September 24, 2024. This NSE SME IPO aims to raise ₹26 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Avi Ansh Textile IPO is fixed at ₹62 Per Share, with a market lot of 2000 share. The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Avi Ansh Textile IPO Allotment will done on September 25, 2024, and Avi Ansh Textile IPO listing date is September 27, 2024.

 

Avi Ansh Textile Company Profile

Avi Ansh Textile is a prominent textile company based in Punjab, India, known for its significant presence in both the domestic and international markets. Established in 2005, the company has grown steadily over the years, positioning itself as a key player in the textile industry, particularly in the cotton yarn and fabric manufacturing sectors. Avi Ansh Textile’s expertise lies in the production of a wide variety of cotton yarns and fabrics, with a focus on high-quality standards for both local and global markets.

Business Operations

Yarn Manufacturing:
Avi Ansh Textile specializes in the production of 100% combed and carded cotton yarn in various counts. The company started its operations in the yarn sector and expanded rapidly by producing yarn in large quantities. By 2012, Avi Ansh Textile had established itself as a major manufacturer and exporter, with a production capacity of 4,500 MT of cotton yarn per year. Their yarn products are primarily used in the knitting and weaving industries, catering to both domestic and international markets.

The company’s yarn production line includes:

1. 100% Carded Cotton Yarn: Known for its durability and quality, carded yarn is used in a variety of textiles.
2. 100% Combed Cotton Yarn: Finer and smoother than carded yarn, combed yarn is used in premium-quality textiles.
3. Specialty Yarns: Including slub yarn, produced with specific patterns for aesthetic purposes in fabrics.

Fabric Manufacturing:
In addition to yarn, Avi Ansh Textile has a dedicated fabric division equipped with high-speed automatic circular knitting machines that can knit 1,800 MT per annum of various types of fabrics. The company manufactures different types of fabric that are widely used in apparel and home textiles, catering to both local and export markets.

The fabric product line includes:

1. Single Jersey: A lightweight, stretchy fabric commonly used in t-shirts.
2. Rib Knit and Interlock Fabric: Stretchy fabrics used in apparel such as cuffs, collars, and activewear.
3. Terry and Fleece: Known for their absorbency and softness, these fabrics are used in towels, bathrobes, and casual clothing.
4. Pique, Waffle, Thermal, and Lycra Blended Fabrics: These are versatile fabrics used in sportswear, casual clothing, and other applications.

The company’s focus on maintaining high-quality standards for its international markets has allowed it to build trust with buyers in countries such as Nepal, Bangladesh, the Philippines, and Hong Kong, as well as expand its customer base across multiple Indian states, including Punjab, Haryana, Uttar Pradesh, and Delhi.

 

Avi Ansh Textile IPO GMP

 

Avi Ansh Textile IPO Objectives

The funds raised through the IPO will be utilized for:

1. To meet working capital requirements
2. Repayment of term loans
3. General corporate purposes

 

Avi Ansh Textile IPO Key Details

• Avi Ansh Textile IPO Open Date: September 20, 2024
• Avi Ansh Textile IPO Close Date: September 24, 2024
• Avi Ansh Textile IPO Size: Approximately ₹26 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Avi Ansh Textile IPO Price Band: ₹62 Per Equity Share
• Avi Ansh Textile IPO Listing on: NSE SME IPO
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

 

Avi Ansh Textile IPO Timeline

• Avi Ansh Textile IPO Open Date: September 20, 2024
• Avi Ansh Textile IPO Close Date: September 24, 2024
• Basis of Allotment: September 25, 2024
• Refunds: September 26, 2024
• Credit to Demat Account: September 26, 2024
• Avi Ansh Textile IPO Listing Date: September 27, 2024

 

How to Apply for Avi Ansh Textile IPO

Investors can apply for the Avi Ansh Textile IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Avi Ansh Textile Financial Performance (in Crores)

• Year 2021: Revenue ₹72.64, Expense ₹71.72, PAT ₹0.68, Assets ₹46.95
• Year 2022: Revenue ₹120.17, Expense ₹118.01, PAT ₹1.56, Assets ₹43.37
• Year 2023: Revenue ₹121.50, Expense ₹121.11, PAT ₹0.29, Assets ₹46.92
• Year 2024: Revenue ₹142.15, Expense ₹137.71, PAT ₹3.31, Assets ₹65.23

 

Avi Ansh Textile Valuation FY2024

• Return on Equity (ROE): 20.88%
• Return on Capital Employed (ROCE): 15.88%
• EBITDA Margin: 6.82%
• PAT Margin: 2.35%
• Debt to Equity Ratio: 2.87
• Earnings Per Share (EPS): ₹3.39
• Price/Earnings (P/E) Ratio: 18.28
• Return on Net Worth (RoNW): 20.88%
• Net Asset Value (NAV): ₹16.22

 

Avi Ansh Textile Peer Group

 

Avi Ansh Textile Company Promoters

• Anil Kumar Jain
• Geeta Jain
• Avi Jain
• A K Jain (HUF)
• Ramesh Mittal HUF
• Arihant Yarnfab Private Limited

 

Avi Ansh Textile IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: ipo@skylinerta.com

 

Avi Ansh Textile IPO Allotment Status Check

• Check the Avi Ansh Textile IPO allotment status on the Skyline Financial Services website.

 

Avi Ansh Textile IPO Allotment Link

• Check the Avi Ansh Textile IPO allotment on the Check Ipo Allotment website.

 

Avi Ansh Textile IPO Lead Managers (Merchant Bankers)

• 3Dimension
• 3Dimension Capital Services Limited
• Capital Services Limited

 

Avi Ansh Textile Company Address

402, 4th Floor, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura,
North West,Delhi-110034 India
Website: https://www.avianshgroup.com/
Phone: +91-11-4142-52
Email: avianshanil@rediffmail.com

 

Avi Ansh Textile IPO FAQs

 

What is Avi Ansh Textile IPO?

Avi Ansh Textile IPO is an NSE SME IPO. They are going to raise ₹26 Crores via IPO. The issue is priced at ₹62 Per equity share. The IPO is to be listed on NSE.

 

When will the Avi Ansh Textile IPO open?

The IPO is to open on September 20, 2024, for NII, and Retail Investors.

 

What is Avi Ansh Textile IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

 

How to Apply for the Avi Ansh Textile IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Avi Ansh Textile IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Avi Ansh Textile IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Avi Ansh Textile IPO Size?

Avi Ansh Textile IPO size is ₹26 Crores.

 

What is Avi Ansh Textile IPO Price Band?

Avi Ansh Textile IPO Price Band is ₹62 Per equity share.

 

What is Avi Ansh Textile IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 share with ₹124,000.

 

What is Avi Ansh Textile IPO Allotment Date?

Avi Ansh Textile IPO allotment date is September 25, 2024.

 

What is Avi Ansh Textile IPO Listing Date?

Avi Ansh Textile IPO listing date is September 27, 2024. The IPO to list on NSE SME IPO.