Avi Ansh Textile was incorporated on April 27, 2005. It is a textile company that operates in both domestic and global markets, manufacturing and supplying a wide range of yarns and fabrics. The company is also vertically integrated into the knitting division, producing high-quality dyed and greige fabrics.
| Bidding Dates |
|---|
| 20 Sep 2024 - 24 Sep 2024 |
| Subscription |
|---|
| 7.95x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,000 | 1 | 1 | 2000 | 4.2 M | ₹62 | 66.98 % | ₹260.0 M | RHP DOC |
Avi Ansh Textile Ltd. IPO SUBSCRIPTION STATUS
24 Sep '24Avi Ansh Textile Ltd. IPO overall subscription rate was 7.95 times the total available shares
Avi Ansh Textile Ltd. IPO retail subscription rate was 10.81 times in the retail segment
Avi Ansh Textile Ltd. IPO non-institutional investor subscription rate was 45.59 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
- | - | - | - |
24 Sep 2024 (Day 4) | 10.81x | 45.59x | - |
23 Sep 2024 (Day 3) | 5.36x | 45.59x | - |
20 Sep 2024 (Day 2) | 0.8x | 1.43x | - |
Avi Ansh Textile Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 33.1 | 1413.9 | -124.5 | -165.0 | 6.8% |
| FY23 | 2.9 | 1207.1 | 27.0 | -21.0 | 3.8% |
| FY22 | 15.6 | 1195.1 | 76.7 | 56.8 | 5.2% |
| FY21 | 6.8 | 725.7 | 72.6 | 68.2 | 7.7% |
Avi Ansh Textile Ltd. IPO SUBSCRIPTION STATUS DETAILS
Avi Ansh Textile Ltd. had 4.2 M shares on offer
Avi Ansh Textile Ltd. IPO offer price was ₹62
Avi Ansh Textile Ltd. IPO minimum Investment was ₹124000
Avi Ansh Textile Ltd. IPO issue size was ₹ 260.0 M
Avi Ansh Textile Ltd. had a minimum lot size of 2000 Shares per application
Avi Ansh Textile Ltd. NUMBER OF SHARES ON OFFER
Avi Ansh Textile Ltd. IPO IMPORTANT DATES
| Issue Open Date | 20 Sep 2024 |
| Issue close Date | 24 Sep 2024 |
| Allotment Date | 25 Sep 2024 |
| Refund Date | 26 Sep 2024 |
| Demat Account Credit Date | 26 Sep 2024 |
| Listing Date | 27 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Avi Ansh Textile Ltd. Allotment Status | Exchange |
Avi Ansh Textile Ltd. IPO subscription opened on 20 Sep 2024, and closed on 24 Sep 2024
IPO allotment for Avi Ansh Textile Ltd. was finalized on Wednesday, 25 Sep 2024
IPO listing for Avi Ansh Textile Ltd. was on NSE on Friday, 27 Sep 2024
Avi Ansh Textile Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 62.0 |
| Listing Open Price | 68.0 |
| Listing Close Price | 71.2 |
| Listing Gain% | 9.7% |
| Current Gain% | 70.2% |
Avi Ansh Textile Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avi Ansh Textile Ltd. | 105.5 | 147.5 | 113.7 | -4.1 | 1 | 3 | 1.5 | 141.7 | 5.2 | 1.3 | -27.8 | 0.9 | -27.8 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Avi Ansh Textile Ltd. INFORMATION ON IPO ISSUE
About Avi Ansh Textile Ltd.
Avi Ansh Textile was incorporated on April 27, 2005. It is a textile company that operates in both domestic and global markets, manufacturing and supplying a wide range of yarns and fabrics. The company is also vertically integrated into the knitting division, producing high-quality dyed and greige fabrics.
Object of the Issue
- To meet working capital requirements.
- Term loan repayment.
- General corporate purposes.
Avi Ansh Textile Ltd. - PROMOTERS
| Name |
|---|
| Anil Kumar Jain |
| Geeta Jain |
| Avi Jain |
| Akanksha Jain |
| Ansh Jain |
Avi Ansh Textile Ltd. Lead Manager of the Issue
3Dimension Capital Services Limited
info@3dcsl.com
Avi Ansh Textile Ltd. Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Avi Ansh Textile Ltd. Strengths
Diversified product offerings
The company manufactures a variety of fabrics, including single jersey, terry, rib, diagonal terry, and others
Locational advantage
The company's factory is situated in Derabassi, Punjab, an industrial hub with essential infrastructure and access to both skilled and unskilled labor at competitive costs
Focus on cost efficiency
The company focuses on higher operational effectiveness to achieve greater production volumes and increased sales. This approach allows for a reduction in fixed costs per unit and enhances profit margins
Avi Ansh Textile Ltd. Risks
Shutdown of operations
The production facility faces risks such as equipment failures, power outages, low output, raw material issues, labor disputes, natural disasters, pandemics, and the need to stay updated with technology and industry standards
License approvals
The business relies on obtaining and renewing licenses and permits from government and regulatory authorities. Failure to secure these in a timely manner may negatively impact operations
Financial support
The company's future operations and expansions may require external financing. Securing timely and cost-effective financing is crucial, as unfavorable terms could impact growth and financial stability
IPO FAQs
The promoters of the company are Anil Kumar Jain, Geeta Jain, Avi Jain, Akanksha Jain and Ansh Jain.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 62.0 - 62.0.
The IPO application opens on Sep 20, 2024 and closes on Sep 24, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 124,000.0, the maximum value for this IPO is Rs 124,000.0.
This IPO will be allotted on Sep 25, 2024.
The refund will be credited to your account on Sep 26, 2024.
The allotted shares will be credited to your demat on Sep 26, 2024.
Avi Ansh Textile Ltd.’s shares listed on the stock exchanges on Sep 27, 2024.