The Avi Ansh Textile IPO is scheduled to open on September 20, 2024, and will close on September 24, 2024. This is a Fixed Price Issue, aiming to raise approximately ₹26.00 crores through a fresh issue. The offering includes equity shares with a face value of ₹10 each.
The IPO is priced at ₹62 per share. The allocation is split equally, with 50% reserved for retail investors and 50% for HNIs, while the QIB portion stands at 0%. The IPO is set to list on the NSE on September 27, 2024, with the allotment results available on September 25, 2024.
On the financial front, Avi Ansh Textile reported revenue of ₹142.15 crores in 2024, an increase from ₹121.50 crores in 2023. Its profit saw a significant rise to ₹3.31 crores in 2024, compared to ₹0.29 crores in the previous year. With this financial growth, the IPO may present a compelling option for long-term investors.
Avi Ansh Textile IPO Objectives:
To fulfill working capital requirements
Repayment of term loans
For general corporate purposes
Avi Ansh Textile IPO Review (Should You Apply?):
Recommendation: Avoid
Avi Ansh Textile IPO Key Dates & Price Band:
| 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% |
Read Also: Diffusion Engineers IPO: Dates, Review, Pricing, and Allotment Information
Avi Ansh Textile IPO Lot Size:
The minimum lot size for the Avi Ansh Textile IPO is 2,000 shares, with a required investment of ₹1,24,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹ 1,24,000 |
| Retail Maximum | 1 | 2000 | ₹ 1,24,000 |
| HNI Minimum | 2 | 4000 | ₹ 2,48,000 |
Avi Ansh Textile IPO Timeline:
The Avi Ansh Textile IPO is set to open on September 20 and close on September 24. The allotment will be finalized on September 25, and the shares are expected to be listed on 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 Update:
The latest Grey Market Premium (GMP) for the Avi Ansh Textile SME IPO is ₹0. With an issue price of ₹62 per share, the estimated listing price remains at ₹62 (issue price + today’s GMP). The expected gain or loss per share stands at 0.00%.
Promoters of Avi Ansh Textile IPO:
The Avi Ansh Textile IPO is backed by a team of seasoned 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:
Avi Ansh Group, based in Punjab, is a leading textile manufacturer with a strong presence both domestically and internationally. Established in 2005, the company specializes in producing 100% cotton yarn, including both combed and carded varieties. By 2012, Avi Ansh achieved a production capacity of approximately 4,500 MT of cotton yarn annually, supported by 26,314 spindles. Their sales network covers key states such as Punjab, Haryana, Uttar Pradesh, and Delhi, along with exports to Nepal, Bangladesh, the Philippines, and Hong Kong.
The company’s success is driven by strategic expansion, strong client relationships, and a focus on high-quality standards. Avi Ansh’s fabric division operates with advanced automatic circular knitting machines, allowing for the production of up to 1,800 MT of various fabric types annually.
Product Offerings:
Yarns: 100% Carded Cotton, 100% Combed Cotton, and various slub yarns with custom 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 utilizes advanced machinery from Germany and Europe and operates around the clock to meet market demand.
Financial Overview:
In 2024, Avi Ansh Textile reported revenue of ₹142.15 crores, up from ₹121.50 crores in 2023. Its profit rose significantly to ₹3.31 crores in 2024, compared to ₹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 | 36.3 | 1814.09 Cr. |
| Shanti Spintex Limited | 8.71 | 5.7 | 15.03 | 51.26 | 505.00 Cr. |
| Manomay Tex India Limited | 7.2 | 23.1 | 10.08 | 71.47 | 583.09 Cr. |
| United Polyfab Gujarat Ltd | 3.09 | 29.61 | 8.29 | 34.7 | 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 Manager (Merchant Banker):
- 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
What is Avi Ansh Textile IPO?
Avi Ansh Textile IPO is a Small and Medium Enterprise (SME) IPO. The company aims to raise ₹26.00 crores through this IPO, with each equity share priced at ₹62. The IPO will be listed on the NSE.
When will Avi Ansh Textile IPO open for subscription?
The IPO will open on September 20, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. The subscription will close on September 24, 2024.
What is the Avi Ansh Textile IPO investor portion?
The portion allocated for QIB is [.]%, while NII and Retail Investors are each allocated 50%.
How can I apply for the Avi Ansh Textile IPO?
You can apply for the Avi Ansh Textile IPO through ASBA (Applications Supported by Blocked Amount) online via your bank account. You can also apply using UPI through your stockbroker, or by filling out an offline form with your stockbroker.
What is the issue size of Avi Ansh Textile IPO?
The issue size for Avi Ansh Textile IPO is ₹26.00 crores.
What is the price band of Avi Ansh Textile IPO?
The price band for Avi Ansh Textile IPO is ₹62 per share.
What is the lot size for Avi Ansh Textile IPO?
The minimum bid size is 2000 shares, amounting to ₹1,24,000.
When is the Avi Ansh Textile IPO allotment date?
The allotment date for Avi Ansh Textile IPO is set for September 25, 2024.
