Anand Rayons trades in value-added yarns like dope dyed yarns, fancy yarns for various applications like the weaving of sarees, shirting and dress materials, yarn dyeing, carpets, various types of Elastic tapes and sizing segments.
| Bidding Dates |
|---|
| 18 Jun 2019 - 24 Jun 2019 |
| Subscription |
|---|
| 1.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,08,000 | 1 | 1 | 4000 | 4.7 M | ₹27 | 68.71 % | ₹126.6 M | RHP DOC |
Anand Rayons IPO SUBSCRIPTION STATUS
24 Jun '19Anand Rayons IPO overall subscription rate was 1.17 times the total available shares
Anand Rayons IPO retail subscription rate was 0.48 times in the retail segment
Anand Rayons IPO non-institutional investor subscription rate was 1.86 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Jun 2019 (Day 2) | 0.03x | 0.87x | - |
20 Jun 2019 (Day 3) | 0.06x | 1.1x | - |
21 Jun 2019 (Day 4) | 0.14x | 1.45x | - |
24 Jun 2019 (Day 5) | 0.48x | 1.86x | - |
18 Jun 2019 (Day 1) | 0.01x | 0.54x | - |
Anand Rayons 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) |
| 10MFY19 | 17.2 | 2,317.0 | 54.6 | 53.7 |
| FY18 | 14.5 | 2,595.4 | 10.1 | 10.1 |
| FY17 | 10.5 | 2,706.0 | -36.0 | -36.1 |
| FY16 | 4.6 | 2,199.0 | -33.2 | -35.4 |
Anand Rayons IPO SUBSCRIPTION STATUS DETAILS
Anand Rayons had 4.7 M shares on offer
Anand Rayons IPO offer price was ₹27
Anand Rayons IPO minimum Investment was ₹108000
Anand Rayons IPO issue size was ₹ 126.6 M
Anand Rayons had a minimum lot size of 4000 Shares per application
Anand Rayons NUMBER OF SHARES ON OFFER
Anand Rayons IPO IMPORTANT DATES
| Issue Open Date | 18 Jun 2019 |
| Issue close Date | 24 Jun 2019 |
| Allotment Date | 27 Jun 2019 |
| Refund Date | 28 Jun 2019 |
| Demat Account Credit Date | 01 Jul 2019 |
| Listing Date | 02 Jul 2019 |
| Listing on Exchange(s) | BSE |
| Anand Rayons Allotment Status | Exchange |
Anand Rayons IPO subscription opened on 18 Jun 2019, and closed on 24 Jun 2019
IPO allotment for Anand Rayons was finalized on Thursday, 27 Jun 2019
IPO listing for Anand Rayons was on BSE on Tuesday, 02 Jul 2019
Anand Rayons IPO LISTING GAINS
| Issue Price (adjusted) | 27.0 |
| Listing Open Price | 28.3 |
| Listing Close Price | 27.2 |
| Listing Gain% | 4.6% |
| Current Gain% | 58.1% |
Anand Rayons 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Anand Rayons Ltd. | 42.7 | 64 | 9.3 | 0.1 | 0.2 | 7.1 | 4.7 | 435.3 | 38.7 | 7.3 | 108.8 | 4.6 | 109.1 |
| 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 |
Anand Rayons INFORMATION ON IPO ISSUE
About Anand Rayons
Anand Rayons trades in value-added yarns like dope dyed yarns, fancy yarns for various applications like the weaving of sarees, shirting and dress materials, yarn dyeing, carpets, various types of Elastic tapes and sizing segments.
Object of the Issue
- Incremental working capital requirements
- General corporate purpose
- Meeting public issue expenses
Anand Rayons - PROMOTERS
| Name |
|---|
| Anand Bakshi |
Anand Rayons Lead Manager to the issue
Guiness Corporate Advisors Private Limited
gcapl@guinessgroup.net
Anand Rayons Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Anand Rayons Strengths
Experienced promoters
The company's promoter Anand Bakshi has more than two and half decades of experience in the trading of yarn
Specialized in developing and marketing
The company is specialized in developing and marketing of fancy and value-added yarns
Research and development
The Company has a research and development team and they, with their knowledge, develop various fancy yarns and also guide the customers on the products
Anand Rayons Risks
Outstanding litigations
There are outstanding litigations by the company and against the group company which if determined against it, could adversely impact financial conditions
Unsecured loans
The company has unsecured loans from directors and relatives of directors, which are repayable on demand
IPO FAQs
Anand Rayons Ltd. IPO listing opened at Rs 28.25 while the issue price was Rs 27.00 giving 4.63% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 27.00 giving 58.15% gains since its IPO listing.
The promoter of the company is Anand Bakshi.
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 27.0 - 27.0.
The IPO application opens on Jun 18, 2019 and closes on Jun 24, 2019.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 108,000.0, the maximum value for this IPO is Rs 108,000.0.
This IPO will be allotted on Jun 27, 2019.
The refund will be credited to your account on Jun 28, 2019.
The allotted shares will be credited to your demat on Jul 01, 2019.
Anand Rayons Ltd.’s shares listed on the stock exchanges on Jul 02, 2019.