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SME IPO Status: Upcoming [20th Sep 2024 to 24th Sep 2024]
Avi Ansh Textile IPO, a SME IPO of ₹25.99 Cr opens for subscription from 20-09-2024 to 24-09-2024. The IPO consists of ₹25.99 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 62.00 per share. You can apply to the Avi Ansh Textile SME IPO for a minimum lot of 2000 shares amounting of Rs 124000.
The tentative listing date on the exchange (NSE SME) is 27-09-2024.Stay tuned with us to get more details about Avi Ansh Textile SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 20th Sep 2024 |
| SME IPO Issue Closing Date: | 24th Sep 2024 |
| SME IPO Issue Price: | ₹62.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹25.99 Cr |
| Fresh Issue: | ₹25.99 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.67% |
| Promoter Holding Post IPO: | 66.98% |
Get important updates regarding Avi Ansh Textile SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 25th Sep 2024 |
| Refunds Initiation* | 26th Sep 2024 |
| Credit of Shares to Demat* | 26th Sep 2024 |
| SME IPO Listing Date* | 27th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹62.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹124000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹248000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 62.00 | 12 | 18200 | ₹74 (19.35%) | 19-Sep-2024 23:56 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Avi Ansh Textile Limited was established in April 2005 and started its journey with a production capacity of around 4,500 tonnes of cotton yarn per annum, supported by 26,314 spindles. Thanks to its consistent focus on quality and adherence to international standards, the company has earned the trust of domestic and foreign customers. The company operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs.
The company's yarn, marketed under the brand name Pooja Gold, is a testament to craftsmanship and offers exceptional softness, strength and versatility. In addition, Avi Ansh Textile has expanded its operations to include a vertically integrated knitting division that produces high quality fabrics in both dyed and grey versions, ensuring on-time delivery every time.
The company manufactures and supplies a wide range of yarns and fabrics to meet different customer needs. Avi Ansh Textile relies on state-of-the-art technology and has equipped its production units with advanced machinery from Germany and Europe. An on-site laboratory ensures continuous quality control and enables round-the-clock production with uncompromising standards.
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Other Textile Products | ₹25.99 Cr | https://www.avianshgroup.com/ |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
Avi Ansh Textile Limited's revenue increased by 17% and profit after tax (PAT) rose by 1053% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 6,522.64 | 4,692.35 | 4,336.85 | 4,694.81 | ||||||||||||||||||||||||||||||||||||
| Revenue | 14,214.65 | 12,149.57 | 12,016.76 | 7,264.3 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 331.35 | 28.74 | 155.55 | 68.2 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,587.22 | 1,256.74 | 1,229.62 | 1,076.34 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 608.73 | 278.25 | 251.13 | 97.85 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4,481.21 | 3,193.46 | 2,659.87 | 3,375.46 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Avi Ansh Textile Limited | 3.39 | 3.39 | 18.28 | 2.29 | ||
| Jindal Worldwide Ltd. | 3.77 | 3.77 | 92.37 | 10.52 | ||
| Shanti Spintex Ltd | 8.71 | 8.71 | 5.7 | 15.03 | ||
| Manomay Tex India Ltd | 7.2 | 7.2 | 23.1 | 10.08 | ||
| United Polyfab Gujarat Limited | 3.09 | 3.09 | 29.61 | 8.29 |
Last Updated on 19-Sep-2024 23:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Avi Ansh Textile SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Avi Ansh Textile SME IPO with Zerodha.
Alternate approch to apply in Avi Ansh Textile SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Avi Ansh Textile SME IPO Review and Important Updates
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To subscribe or apply in Avi Ansh Textile SME IPO, you can use the following methods:
| Avi Ansh Textile SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Avi Ansh Textile SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Avi Ansh Textile SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Avi Ansh Textile SME IPO. Most of the Syndicate Banks provide access to apply in Avi Ansh Textile IPO via ASBA process. You must have your net banking access, DP ID information to apply in Avi Ansh Textile SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Avi Ansh Textile SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Avi Ansh Textile SME IPO Review and Important Updates
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Avi Ansh Textile SME IPO is going to be list on 27-09-2024.
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Avi Ansh Textile SME IPO Allotment Date is 25-09-2024.
Other relevant questions:
Avi Ansh Textile SME IPO share allotment date?Avi Ansh Textile SME IPO allotment date?
