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Open
20 Sep 2024
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Close
24 Sep 2024
3
Allotment
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Listing
Fri, Sep 27, 2024
Price Band
₹62 per share
Issue Size
41,92,000 shares (agg. up to ₹26 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Sep 27, 2024
Latest GMP
₹2
Est. Gain
3.23%
✦ AI Insight
GMP Trend
27-09-2024₹2Est. ₹64+3.23%
26-09-2024₹2Est. ₹64+3.23%
25-09-2024₹2Est. ₹64+3.23%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.42x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 65.23 | 46.92 | 43.37 | 46.95 |
| Total Income | 142.15 | 121.50 | 120.17 | 72.64 |
| Profit After Tax | 3.31 | 0.29 | 1.56 | 0.68 |
| NET Worth | 15.87 | 12.57 | 12.30 | 10.76 |
| Reserves and Surplus | 6.09 | 2.78 | 2.51 | 0.98 |
| Total Borrowing | 44.81 | 31.93 | 26.60 | 33.75 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Gajanand International Ltd. | SME | ₹20.65 Cr | ₹36 | 21.08 | ₹39.90 | +10.83% | ₹8.65 (+6.79%) |
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+0.00%) |
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹32.00 (+0.31%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹410.00 (+1.85%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Shanti Spintex Ltd. | SME | ₹31.25 Cr | ₹70 | 9.82 | ₹79.80 | +14.00% | ₹38.35 (-4.12%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 20.12 |
| 2 | Term Loan Repayment | 3.95 |
| 3 | General Corporate Purpose | 0.55 |
About Avi Ansh Textile IPO
Incorporated in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. Avi Ansh Textile Limited has achieved ISO 14001:2015 and ISO 9001:2015 certifications, showcasing its dedication to environmental management and quality assurance. The company operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs. The company operates spinning factories with a total capacity of 26,000 spindles, producing approximately 4,500 metric tons of cotton yarn annually, ranging from 20s to 40s counts. As of September 2024, the company has 281 employees in various departments. Competitive Strengths: The chosen site for the manufacturing plant offers a strategic advantage. Diversified product offerings underscore its commitment to quality. The company's experienced management team brings a wealth of expertise and leadership. + Read More
Contact Details
Avi Ansh Textile Ltd. Address402, 4th FloorAggarwal Cyber Plaza-1, Netaji Subhash PlacePitampura, North WestDelhi, New Delhi, 110034+91-11-4142-52avianshanil@rediffmail.comVisit Website