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Avi Ansh Textile IPO: Things Smart Investors Need to Know

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Incorporated in April 2005, Avi Ansh Textile Limited specializes in the production and export of 100% cotton yarn, including combed and carded yarn across various counts. The company holds ISO 14001:2015 and ISO 9001:2015 certifications, reflecting its commitment to environmental sustainability and quality management.

Operating in both domestic and international markets, Avi Ansh Textile manufactures a wide range of yarns and fabrics, catering to diverse customer demands. The company’s spinning factories, with a capacity of 26,000 spindles, produce around 4,500 metric tons of cotton yarn annually, covering counts from 20s to 40s.

As of September 2024, the company employs 281 personnel across various departments, ensuring smooth and efficient operations in a competitive market.

Core Business and Market Position:
The company's core business revolves around manufacturing and distributing a diverse range of textiles, from cotton to blended fabrics. Its extensive portfolio and competitive pricing have allowed it to secure a strong market position both domestically and internationally. Avi Ansh Textile’s operational efficiency and commitment to sustainable practices make it a favored partner for both domestic and international buyers, enhancing its market credibility.

Avi Ansh Textile IPO Details and Objectives

Avi Ansh Textile IPO is a fixed price issue, aiming to raise ₹26.00 crores through a fresh issue of 41.94 lakh shares. The IPO dates are yet to be announced. Each share is priced at ₹62, with a minimum lot size of 2,000 shares, requiring retail investors to invest at least ₹124,000. For High Net-Worth Individuals (HNIs), the minimum investment is two lots (4,000 shares) totaling ₹248,000.

3Dimension Capital Services Limited is serving as the lead manager for the IPO, while Skyline Financial Services Private Ltd is handling registrar duties. Nikunj Stock Brokers has been appointed as the market maker for the IPO.

Purpose of the IPO

  • Expansion of production facilities
  • Loan Repayement
  • Debt repayment and working capital needs

Expected Funds to be Raised

Estimated to raise approximately ₹26 crores

Key Dates to Remember

  • Issue Open Date: 20 Sep 2024
  • Issue Close Date: 24 Sep 2024
  • UPI Mandate Deadline: 24 Sep 2024 (5 PM)
  • Allotment Finalization: 25 Sep 2024
  • Refund Initiation: 26 Sep 2024
  • Share Credit to Demat Accounts: 26 Sep 2024
  • Listing Date: 27 Sep 2024
  • Mandate End Date: 09 Oct 2024
  • Lock-in End Date for Anchor Investors (50%): 25 Oct 2024
  • Lock-in End Date for Anchor Investors (Remaining): 24 Dec 2024

Pricing and Lot Size of Avi Ansh Textile IPO

  • Issue Open Date: 20 Sep 2024
  • Issue Close Date: 24 Sep 2024
  • UPI Mandate Deadline: 24 Sep 2024 (5 PM)
  • Allotment Finalization: 25 Sep 2024
  • Refund Initiation: 26 Sep 2024
  • Share Credit to Demat Accounts: 26 Sep 2024
  • Listing Date: 27 Sep 2024
  • Mandate End Date: 09 Oct 2024
  • Lock-in End Date for Anchor Investors (50%): 25 Oct 2024
  • Lock-in End Date for Anchor Investors (Remaining): 24 Dec 2024

How to Apply for the Avi Ansh Textile IPO?

Online Application Process:

  • Log in to your Demat account via your broker's platform
  • Navigate to the IPO section and select "Avi Ansh Textile IPO"
  • Enter the number of shares you wish to apply for and submit your bid
  • Complete the payment process via UPI or ASBA
  • Confirm your application and wait for allotment status

Financial Health and Performance

  • Avi Ansh Textile Limited's revenue increased by 17%, from ₹12,149.57 lakhs in FY 2023 to ₹14,214.65 lakhs in FY 2024.
  • The company’s profit after tax (PAT) saw a substantial rise of 1,053%, jumping from ₹28.74 lakhs in FY 2023 to ₹331.35 lakhs in FY 2024.
  • Assets grew from ₹4,692.35 lakhs in FY 2023 to ₹6,522.64 lakhs in FY 2024.
  • Net worth increased to ₹1,587.22 lakhs in FY 2024, up from ₹1,256.74 lakhs in FY 2023.
  • Reserves and surplus rose significantly, reaching ₹608.73 lakhs in FY 2024, up from ₹278.25 lakhs in FY 2023.
  • Total borrowing climbed to ₹4,481.21 lakhs in FY 2024, compared to ₹3,193.46 lakhs in FY 2023.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO:

  • Industry volatility due to fluctuating raw material prices
  • Competition from global textile players
  • Regulatory changes in textile export policies

Opportunities and Growth Potential:

  • Growing demand for sustainable and high-quality fabrics
  • Expansion in international markets
  • Innovation in product offerings to meet evolving market trends

Conclusion

The Avi Ansh Textile IPO offers a unique opportunity for investors to participate in the growth of one of India’s leading textile companies. With its strong market position, clear growth strategy, and potential expansion in domestic and international markets, the company is well-positioned for long-term success. However, investors should carefully assess the risks before making any decisions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

What is the Avi Ansh Textile IPO and why is it significant?

Answer Field

The Avi Ansh Textile IPO is a public offering aimed at raising funds for expansion and growth. It’s significant because it offers investors a chance to invest in a leading textile company with promising growth potential.

What is the price band for the Avi Ansh Textile IPO, and how was it determined?

Answer Field

The price band for the Avi Ansh Textile IPO is set at ₹62 per share, determined based on market valuation and the company’s financial performance.

What are the key risks and rewards of investing in the Avi Ansh Textile Ltd IPO?

Answer Field

Key risks include industry volatility and competition, while rewards include the company’s strong market position and growth potential.

When will the Avi Ansh Textile IPO shares be listed, and what is the expected market response?

Answer Field

The shares will be listed on 27 Sep, 2024. Market response is expected to be positive due to high demand, but actual performance may vary. 

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