Avi Ansh Textile Ltd IPO: GMP, Issue Date, Price & Lot Size
Avi Ansh Textile Ltd IPO: GMP, Issue Date, Price & Lot Size
The Avi Ansh Textile IPO (Initial Public Offer) is a fixed-price offering of Rs 26.00 crores, consisting entirely of a fresh issue of 41.94 lakh shares.
Subscription for Avi Ansh Textile’s IPO commences on September 20, 2024, and concludes on September 24, 2024. The allotment for the IPO is anticipated to be finalised on Wednesday, September 25, 2024. Avi Ansh Textile’s IPO is set to be listed on the NSE (National Stock Exchange) SME (Small and Medium Enterprises). The tentative listing date of the IPO is on Friday, September 27, 2024.
The IPO price for Avi Ansh Textile is Rs 62 per share. The minimum application lot size is 2000 shares for retail investors. Retail investors are required to make a minimum investment of Rs 1,24,000. The minimum lot size investment for HNI (High Net Worth Individuals) is 2 lots (4,000 shares), totalling Rs 2,48,000.
3Dimension Capital Services Limited is the book-running lead manager for the Avi Ansh Textile IPO, while Skyline Financial Services Private Ltd is the registrar. Nikunj Stock Brokers acts as the market maker for the Avi Ansh Textile IPO.
Summary of major events of the IPO
| Particulars | Details |
| IPO Date | September 20, 2024 to September 24, 2024 |
| Face Value | Rs 10 per share |
| Price | Rs 62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 41,93,541 shares (aggregating up to Rs 26.00 Cr) |
| Fresh Issue | 4,193,541 shares (aggregating up to Rs 26.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 97,84,930 |
| Shareholding post-issue | 1,39,78,471 |
| Market Maker portion | 213,871 shares (by Nikunj Stock Brokers) |
Timelines for major events of the IPO
| Particulars | Details |
| IPO Open Date | Friday, September 20, 2024 |
| IPO Close Date | Tuesday, September 24, 2024 |
| Basis of Allotment | Wednesday, September 25, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| The credit of Shares to Demat | Thursday, September 26, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
Investor categories and shares offered
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Lot size, shares applied, and their value of different investors
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | Rs 1,24,000 |
| Retail (Max) | 1 | 2000 | Rs 1,24,000 |
| High net worth individuals (HNI) (Min) | 2 | 4,000 | Rs 2,48,000 |
The grey market premium (GMP) for this SME IPO, is yet to start. We will be updating this section of the page as soon as it starts for Avi Ansh Textile Ltd IPO.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 17-09-2024 | Rs 62 | Rs 0, Today’s Movement – GMP No Change | — | Rs 62 (0%) | 17-09-2024 (10:46:00) |
| 16-09-2024 | Rs 62 | Rs 0, Today’s Movement – GMP No Change | — | Rs 62 (0%) | 16-09-2024 (23:24:00) |
Avi Ansh Textile started its operations since the year 2005. It is a Punjab-based manufacturer that specialises in exporting 100% cotton yarn. By 2012, the company had reached a production capacity of 4,500 metric tonnes (MT) per year and 26,314 spindles for combed and carded cotton yarn.
The company is committed to maintaining high standards, has obtained ISO (International Organization for Standardization) 14001:2015 and ISO 9001:2015 certifications, signifying its focus on environmental management and quality assurance. Avi Ansh Textile has a successful presence in domestic markets, such as Punjab, Haryana, Uttar Pradesh, and Delhi, as well as in international markets, including Nepal, Bangladesh, the Philippines, and Hong Kong. Avi Ansh Textile offers diverse yarns and fabrics to cater to various customer requirements.
The promoters of Avi Ansh Textile are Anil Kumar Jain, Geeta Jain, Avi Jain, GA 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.
The company has a well-versed, experienced management team that brings leadership and expertise to the team. The company also offers diversified products with high-quality standards. Further, the strategic location of its manufacturing plant has eased its operations.
Extract from the Financial Statements ended on March 31.
| Particulars | As of 31-03-2024 | As of 31-03-2023 | As of 31-03-2022 | As of 31-03-2021 |
| Assets (Rs in lakhs) | 6,522.64 | 4,692.35 | 4,336.85 | 4,694.81 |
| Revenue (Rs in lakhs) | 14,214.65 | 12,149.57 | 12,016.76 | 7,264.30 |
| Profit After Tax (Rs in lakhs) | 331.35 | 28.74 | 155.55 | 68.2 |
| Net Worth (Rs in lakhs) | 1,587.22 | 1,256.74 | 1,229.62 | 1,076.34 |
| Reserves and Surplus (Rs in lakhs) | 608.73 | 278.25 | 251.13 | 97.85 |
| Total Borrowing (Rs in lakhs) | 4,481.21 | 3,193.46 | 2,659.87 | 3,375.46 |
Key Ratios as of March 31, 2024.
| Key performance indicator (KPI) | Values as of March 31, 2024 |
| Return on equity (ROE) | 20.88% |
| Return on capital employed (ROCE) | 15.88% |
| Debt/Equity | 2.82:1 |
| Return on net worth (RoNW) | 20.88% |
| Profit after tax (PAT) Margin (%) | 2.35 |
Risks provided according to the RHP
Internal Risks related to operations
The production facility is exposed to various operating risks such as equipment failure, power supply issues, low output, raw material shortages, labour disputes, natural disasters, pandemics, and the need to comply with government directives. These risks could significantly impact operating results.
Risks related to agreements with Customers
The company has not entered into long-term agreements/contracts with majority of its customers. The business, its operations, and financial conditions may be negatively impacted by modifications or terminations to the company’s orders or its inability to predict product demand.
Risks related to Insurance of Goods
The insurance policies are renewed periodically to ensure adequate coverage but do not cover all risks. There is no guarantee that the policies will be sufficient to cover the losses for which insurance has been availed.
If a significant uninsured loss occurs, an insurance claim is not accepted, or if an insured loss significantly exceeds the insurance coverage, it may materially and adversely affect the business, financial condition, and results of operations.
Risks related to receiving additional funds
Additional funding is needed to run its business. If the company fails to secure further funding, it could negatively impact the business, including its operations, financial condition, and cash flows.
Further, significant expenditures are anticipated for maintaining and expanding infrastructure and developing and implementing new technologies. While past capital expenditures have been primarily funded through internal accruals and operational cash flow, more capital resources must be available for current operations or future expansion plans.
Risks related to the renewal of licenses from the government
The business is subject to government regulations, and we require certain approvals, licenses, registrations, and permissions to operate it. Our failure to obtain such permits and approvals and comply with the applicable laws and regulations could lead to sanctions by the relevant authorities, including penalties.
Mention the Avi Ansh Textile Ltd IPO Opening date & closing date.
The Avi Ansh Textile Ltd IPO’s opening and closing dates are Friday, September 20, 2024, and Tuesday, September 24, 2024, respectively.
Who are the Avi Ansh Textile Ltd owners?
The promoters of the company Avi Ansh Textile Ltd are Anil Kumar Jain, Geeta Jain, Avi Jain, GA Alloys Private Limited, S J Metals Private Limited, A K Jain (HUF), Ramesh Mittal HUF, Arihant Yarnfab Private Limited, Akanksha Jain, Sanjeev Mittal HUF, S C Jain (HUF), and Ansh Jain.
What is the Avi Ansh Textile Ltd IPO Lot size?
The lot size of the company Avi Ansh Textile Ltd IPO is 2000 shares for retail investors.
What is the Avi Ansh Textile Ltd Price?
The share price of Avi Ansh Limited is Rs 62 per share.
What is the tentative allotment date for Avi Ansh Textile Ltd’s IPO?
Wednesday, September 25, 2024, is the tentative allotment date for Avi Ansh Textile Ltd’s IPO.
Who is the market-maker for Avi Ansh Textile Ltd’s IPO?
The market-maker for Avi Ansh Textile Ltd’s IPO is Nikunj Stock Brokers.
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