Get ready for the Avi Ansh Textile IPO! Discover everything you need to know about this exciting offer, including key dates, pricing details, financial highlights, and expert investment tips.
Avi Ansh Textile, a prominent name in the textile industry, is set to launch its Initial Public Offering (IPO) on September 20, 2024. This IPO is expected to attract considerable investor interest due to the company’s established market position and robust financial performance.
Company Background
Avi Ansh Textile, founded in 2005, is a leading manufacturer and exporter of premium 100% cotton yarn. The company specializes in both combed and carded cotton yarn, catering to a wide range of applications. Since its establishment, Avi Ansh Textile has built a strong reputation in both domestic and international markets, becoming a key player in the yarn sector.
Objectives of the IPO
The primary objectives of the Avi Ansh Textile IPO are:
- Expansion of Manufacturing Facilities: To increase production capacity and enhance operational capabilities.
- Enhancement of Working Capital: To improve liquidity and support ongoing business operations.
- Repayment of Borrowings: To reduce debt and strengthen the company’s financial position.
- General Corporate Purposes: To fund various strategic initiatives and operational needs.
Avi Ansh Textile IPO Details
| 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% |
Avi Ansh Textile IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹124,000 |
| Retail Maximum | 1 | 2000 | ₹124,000 |
| HNI Minimum | 2 | 4000 | ₹248,000 |
Avi Ansh Textile Financial Report
| 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 |
Anchor Investors
The IPO has attracted several notable anchor investors, reflecting strong confidence in Avi Ansh Textile’s growth potential and financial stability. These investors are expected to add credibility and stability to the IPO.
Industry Overview
The Indian textile industry is a significant contributor to the national economy, known for its scale and diversity. With increasing global demand for high-quality yarn and fabrics, the industry is poised for substantial growth. Innovations in textile manufacturing and rising consumer preferences for premium products are driving this expansion.
Business Model and Strategy
Avi Ansh Textile’s business model focuses on:
- High-Quality Production: Utilizing advanced technologies to produce top-tier cotton yarn.
- Strategic Expansion: Increasing production capacity to meet market demands.
- Market Diversification: Exploring new markets and applications for its products.
Key Strengths
- Established Market Presence: Strong reputation and substantial market share.
- Commitment to Quality: High manufacturing standards ensure product excellence.
- Experienced Management Team: Led by industry veterans with deep market knowledge.
- Strong Financial Performance: Consistent revenue and profit growth.
Risks and Challenges
- Intense Market Competition: Facing competition from both domestic and international players.
- Raw Material Price Fluctuations: Volatility in cotton prices can impact profitability.
- Regulatory Changes: Adapting to evolving industry regulations and compliance requirements.
- Economic Conditions: Global economic downturns could affect textile demand.
Future Outlook
Avi Ansh Textile is well-positioned for future growth, with plans to expand its manufacturing capabilities and explore new market opportunities. The company’s focus on innovation and quality is expected to drive continued success and enhance its market position.
Investment Considerations
Potential investors should evaluate Avi Ansh Textile’s:
- Strong Financial Performance: Robust revenue and profit growth.
- Strategic Expansion Plans: Use of IPO proceeds to drive growth.
- Industry Position: Established market presence and reputation.
Investors should also be mindful of risks such as market competition and raw material price volatility.
Frequently Asked Questions
When does the Avi Ansh Textile IPO open and close?
- The IPO opens on September 20, 2024, and closes on September 24, 2024.
What is the price band for the Avi Ansh Textile IPO?
- The price band is set at ₹62 per share.
What is the lot size for retail investors?
- The lot size is 2000 shares, with a minimum investment of ₹124,000.
Can I apply for the Avi Ansh Textile IPO using UPI?
- Yes, UPI can be used for online applications and is mandatory for physical form applications.
What is the total issue size of the Avi Ansh Textile IPO?
- The total issue size is approximately ₹26 crores.
When will the allotment be finalized?
- Allotment will be finalized on September 25, 2024.
When will the shares be credited to my Demat account?
- Shares will be credited to Demat accounts on September 26, 2024.
When is the listing date for the Avi Ansh Textile IPO?
- The shares are expected to be listed on September 27, 2024.
What is the Grey Market Premium (GMP) for the Avi Ansh Textile IPO?
- As of September 17, 2024, the GMP is ₹10, indicating a potential listing price of ₹72 per share.
What are the financials of Avi Ansh Textile?
- For FY24, the company reported revenue of ₹142.15 crores and a profit of ₹3.31 crores, up from ₹121.50 crores and ₹0.29 crores in FY23.
Disclaimer
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the content. Investing in IPOs involves risks, and past performance is not indicative of future results. Always consult a financial advisor before making investment decisions.
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