Avi Ansh Textile IPO Details: The Avi Ansh Textile IPO is set to open on September 20, 2024, and will close on September 24, 2024. This is a Fixed Price Issue, with the company aiming to raise approximately ₹26.00 crores. This amount includes a fresh issue of ₹26.00 crores, along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price is set at ₹62 per share. The retail investor portion is 50%, HNI investors also have a 50% allocation, while the QIB portion stands at 0%. Avi Ansh Textile IPO is expected to be listed on the NSE on September 27, 2024, with allotment results available on September 25, 2024.
Financially, the company reported revenue of ₹142.15 crores for 2024, a rise from ₹121.50 crores in 2023. Its profit increased significantly to ₹3.31 crores in 2024, compared to ₹0.29 crores in 2023. Given the company’s financial growth, investors may find this IPO attractive for long-term investment.
Avi Ansh Textile IPO Objectives:
- To meet Working Capital requirements
- Term Loan Repayment
- General Corporate Purpose
Avi Ansh Textile IPO Review (Apply or Not)
- Avoid
Avi Ansh Textile IPO Date & Price Band Details:
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹62 Per Share |
| Issue Size: | Approx ₹26.00 Crores |
| Fresh Issue: | Approx ₹26.00 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Avi Ansh Textile IPO Lot Size:
The minimum market lot for the Avi Ansh Textile IPO is set at 2,000 shares, requiring an application amount of ₹124,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹124,000 |
| Retail Maximum | 1 | 2000 | ₹124,000 |
| HNI Minimum | 2 | 4000 | ₹248,000 |
Avi Ansh Textile IPO Timeline:
The Avi Ansh Textile IPO will open on September 20 and close on September 24. The allotment will be finalized on September 25, with the IPO listing scheduled for September 27.
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Basis of Allotment: | September 25, 2024 |
| Refunds: | September 26, 2024 |
| Credit to Demat Account: | September 26, 2024 |
| IPO Listing Date: | September 27, 2024 |
Avi Ansh Textile IPO GMP Today:
Avi Ansh Textile SME IPO last GMP is ₹0. With the price band of 62.00, Avi Ansh Textile SME IPO’s estimated listing price is ₹62 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.
Promoters of Avi Ansh Textile IPO
The Avi Ansh Textile IPO is led by a group of experienced promoters, including 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.
About Avi Ansh Textile IPO
Avi Ansh Group, based in Punjab, is a prominent textile company with a strong presence both domestically and internationally. Established in the yarn sector in 2005, the company has been recognized as a leading manufacturer and exporter of 100% cotton yarn, including both combed and carded varieties. By 2012, Avi Ansh had achieved an impressive production capacity of around 4,500 MT of cotton yarn annually, supported by 26,314 spindles. Their sales network spans multiple states such as Punjab, Haryana, Uttar Pradesh, and Delhi, as well as international markets including Nepal, Bangladesh, the Philippines, and Hong Kong.
Avi Ansh Textile’s success can be attributed to their strategic expansion and strong client relationships, bolstered by aggressive market penetration and a commitment to high-quality standards. The company’s fabric division is equipped with advanced high-speed automatic circular knitting machines, enabling them to produce up to 1,800 MT of various fabric types annually.
Their product offerings include:
- Yarns: 100% Carded Cotton, 100% Combed Cotton, and various slub yarns with specific patterns.
- Fabrics: Single Jersey, Rib Knit, Interlock, Terry, Diagonal Terry, Waffle, Thermal, Fleece, Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics, Dry Fit, Honeycomb Mat, and Spun Matte.
The company employs advanced German and European technology in their machinery and maintains a 24-hour production operation to meet market demands effectively.
Avi Ansh Textile IPO Company Financial Report
The company reported revenue of ₹142.15 crores in 2024 against ₹121.50 crores in 2023. The company reported a profit of ₹3.31 crores in 2024 against a profit of ₹0.29 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹72.64 | ₹71.72 | ₹0.68 | ₹46.95 |
| 2022 | ₹120.17 | ₹118.01 | ₹1.56 | ₹43.37 |
| 2023 | ₹121.50 | ₹121.11 | ₹0.29 | ₹46.92 |
| 2024 | ₹142.15 | ₹137.71 | ₹3.31 | ₹65.23 |
Avi Ansh Textile IPO Valuation – FY2024
Check Avi Ansh Textile IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 20.88% |
| ROCE: | 15.88% |
| EBITDA Margin: | 6.82% |
| PAT Margin: | 2.35% |
| Debt to equity ratio: | 2.87 |
| Earning Per Share (EPS): | ₹3.39 (Basic) |
| Price/Earning P/E Ratio: | 18.28 |
| Return on Net Worth (RoNW): | 20.88% |
| Net Asset Value (NAV): | ₹16.22 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Jindal Worldwide Ltd | 3.77 | 92.37 | 10.52 | 36.30 | 1814.09 Cr. |
| Shanti Spintex Limited | 8.71 | 5.70 | 15.03 | 51.26 | 505.00 Cr. |
| Manomay Tex India Limited | 7.20 | 23.10 | 10.08 | 71.47 | 583.09 Cr. |
| United Polyfab Gujarat Ltd | 3.09 | 29.61 | 8.29 | 34.70 | 908.48 Cr. |
Avi Ansh Textile IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- 3Dimension Capital Services Limited
Company Address
Avi Ansh Textile Limited
402, 4th Floor
Aggarwal Cyber Plaza-1, Netaji Subhash Place,
Pitampura, North West-Delhi
Phone: +91-11-4142-52
Email: avianshanil@rediffmail.com
Website: https://www.avianshgroup.com/
Avi Ansh Textile IPO FAQs
1. What are the key dates for the Avi Ansh Textile IPO?
- IPO Opening Date: September 20, 2024
- IPO Closing Date: September 24, 2024
- Allotment Date: September 25, 2024
- Listing Date: September 27, 2024
2. What is the issue price of the Avi Ansh Textile IPO? The price band for the Avi Ansh Textile IPO is set at ₹62 per share.
3. What is the minimum market lot for the Avi Ansh Textile IPO? The minimum market lot is 2,000 shares, requiring an application amount of ₹124,000.
4. What is the IPO’s allocation structure?
- Retail Investors: 50%
- HNI Investors: 50%
- QIB Investors: 0%
5. How much capital is Avi Ansh Textile looking to raise through the IPO? Avi Ansh Textile aims to raise approximately ₹26.00 crores through the IPO, which includes a fresh issue of ₹26.00 crores and an offer for sale of up to [.] equity shares.
6. Who are the promoters of Avi Ansh Textile? The promoters include 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.
7. What is the business focus of Avi Ansh Textile? Avi Ansh Textile is a leading textile company based in Punjab, specializing in the manufacture and export of 100% cotton yarn and various types of fabrics. Their product range includes carded and combed cotton yarn, as well as fabrics like Single Jersey, Rib Knit, and Terry, among others.
8. What are the company’s recent financial highlights? For the year 2024, Avi Ansh Textile reported a revenue of ₹142.15 crores and a profit of ₹3.31 crores. This is a significant increase from the previous year’s revenue of ₹121.50 crores and profit of ₹0.29 crores.
9. Where is Avi Ansh Textile’s manufacturing facility located? The company operates a state-of-the-art manufacturing facility equipped with high-speed automatic circular knitting machines, and employs advanced German and European technology to ensure high-quality production.
10. How should investors approach this IPO? Given the company’s solid financial performance and established market presence, investors may consider applying for the IPO with a long-term investment perspective.
