About Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review
Avi Ansh Textile Limited has been a prominent player in the yarn sector. By 2012, they’d established themselves as a premier manufacturer and exporter of 100% cotton yarn, specializing in premium combed and carded hosiery yarn ranging from 20s to 40s counts. With 26,314 spindles, they produce approximately 4,500MT of cotton yarn annually.
Their unwavering commitment to quality and adherence to international standards have garnered trust from both domestic and international buyers. Branded as Pooja Gold, their yarn reflects meticulous craftsmanship, offering unparalleled softness, strength and versatility. Additionally, the company has vertically integrated into the knitting division, producing superior quality fabrics in dyed and greige variants, delivered within promised timelines. Equipped with high-speed automatic circular knitting machines, their fabric division can knit 1800 MT per annum of various fabric types.
- Avi Ansh Textile IPO Overview:
- Total Issue Size ₹26.00 crores
- Issue Type: Fresh issue
- Number of Shares: 41.94 lakh shares
- Price per Share: ₹62
- Minimum Lot Size: 2000 shares
- IPO Opening Date: September 20, 2024
- IPO Closing Date: September 24, 2024
- Key Participants:
- Book Running Lead Manager: 3Dimension Capital Services Limited
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Nikunj Stock Brokers
Avi Ansh Textile Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Company & Financials
Incorporated in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. Avi Ansh Textile Limited has achieved ISO 14001:2015 and ISO 9001:2015 certifications, showcasing its dedication to environmental management and quality assurance. The company operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs. The company operates spinning factories with a total capacity of 26,000 spindles, producing approximately 4,500 metric tons of cotton yarn annually, ranging from 20s to 40s counts.
As of September 2024, the company has 281 employees in various departments.
Objectives of Avi Ansh Textile IPO
- The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. To meet Working Capital requirements.
- 2. Term Loan Repayment.
- 3. General Corporate Purpose.
Avi Ansh Textile IPO Review
The company is engaged in the business of manufacturing and marketing cotton yarns of various counts. It posted growth in the top lines for the reported periods but marked inconsistency in its bottom lines. Based on FY24 super earnings, the issue appears to be aggressively priced. The offer document has many anomalies and missing information. There is no harm in skipping this “High Risk/Low Return” bet.
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
14,214.65
₹ Crore
Profit After Tax
331.35
₹ Crore
Net Worth
1,587.22
₹ Crore
Total Borrowing
4,481.21
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 6,522.64 | 14,214.65 | 331.35 | 1,587.22 | 4,481.21 | ||||
| 31 Mar 2023 | 4,692.35 | 12,149.57 | 28.74 | 1,256.74 | 3,193.46 | ||||
| 31 Mar 2022 | 4,336.85 | 12,016.76 | 155.55 | 1,229.62 | 2,659.87 | ||||
| 31 Mar 2021 | 4,694.81 | 7,264.3 | 68.2 | 1,076.34 | 3,375.46 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹62 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹23 and a lot size of 2000 shares.
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-27 | ₹62 | ₹2 (3.23%) | 2024-09-27 |
Avi Ansh Textile Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.88% |
| ROCE | 15.88% |
| Debt/Equity | 2.82 |
| RoNW | 20.88% |
| PAT Margin (%) | 2.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.39 | 2.37 |
| P/E (x) | 18.31 | 26.16 |
Frequently Asked Questions
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Competitive Strengths
1. The chosen site for the manufacturing plant offers a strategic advantage.
2. Diversified product offerings underscore its commitment to quality.
3. The company's experienced management team brings a wealth of expertise and leadership.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| HNI (Min) | 2 | 4000 | ₹248,000 |