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Open
18 Jun 2019
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Close
24 Jun 2019
3
Allotment
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Listing
Tue, Jul 2, 2019
Price Band
₹27 per share
Issue Size
46,88,000 shares (agg. up to ₹13 Cr)
Lot Size
4,000 Shares
Listing Date
Tue, Jul 2, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.10x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2019 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 61.03 | 59.42 | 58.09 | 37.96 |
| Total Income | 231.76 | 259.59 | 270.62 | 219.92 |
| Profit After Tax | 1.72 | 1.45 | 1.05 | 0.46 |
| EBITDA | 5.22 | 6.57 | 5.20 | 3.09 |
| NET Worth | 13.47 | 8.72 | 6.66 | 5.36 |
| Reserves and Surplus | 3.18 | 1.45 | ||
| Total Borrowing | 28.25 | 32.66 | 30.14 | 23.17 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Incremental Working capital requirements | 8.75 |
| 2 | General Corporate Purpose | 3.16 |
| 3 | Public Issue Expenses | 0.75 |
About Anand Rayons IPO
Incorporated in 1987, Anand Rayons Limited was an idea of Mr Gokul Bakshi. It is engaged in trading of yarn and value-added yarns including polyester filament yarns, nylon yarns, fancy yarns and dope dyed yarns. Initially, the company had only one dealer for the polyester yarn that is Reliance Industries Limited to trade in and around Surat, Gujarat. Now, the company has also extended dealership network with JCT Limited for Nylon Yarn, and Indorama Synthetics India Limited, Filatex India Limited and Garden Silk Mills Limited for Polyester Yarn. The yarns traded by the company has wide application in the weaving of sarees, yarn dyeing, Elastic tapes, carpets, and dress & shirting materials. As the company is trading in and around Surat only, it is planning to expand yarn trading business in other states such as Maharashtra, Delhi, Karnataka and Uttar Pradesh as well. The R&D team of the company is also working on twisted yarn, Sheath- Core yarn, Bi-Shrinkage yarn for GEO-textiles to expand the business.The competitive strengths of the company are:1. Specialization in trading of yarns and value-added yarns.2. Strong dealership with Reliance Industries Ltd for 31+ years.3. A sound rel
Contact Details
Anand Rayons Ltd. Address305-306, Jay Sagar ComplexOpp.Sub JailKhatodraSurat, Gujarat, 3950020261-2635521anandrayonsltd@gmail.comVisit Website