Avi Ansh Textile SME IPO Details, Financials, Valuation & Peers

By IPOBaseLast Updated on

Get everything you need to know about the Avi Ansh Textile IPO. Explore Avi Ansh Textile IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

Image
Status
Listed
Biding Dates
20 Sep - 24 Sep 2024
Price Range
₹62
Issue Size
₹26 crore
Listed Price
₹689.68%

Overview

Avi Ansh Textile Limited, originally incorporated as Rajneesh Spinners Private Limited in 2005, is a prominent player in the textile industry. The company, based in DeraBassi, Punjab, specializes in the manufacturing and export of 100% cotton yarn and fabrics. With a production capacity of 4,500 MT of cotton yarn per year and 1,800 MT of fabric, Avi Ansh Textile has built a strong reputation for producing a wide range of cotton yarns (combed and carded) and fabrics such as Single Jersey, Rib Knit, Interlock and Lycra Blended Fabrics.

Key Points:

  • Product Range:
    • Yarns: 100% Carded cotton, 100% Combed cotton and slub yarn (short, medium, long) in various patterns.
    • Fabrics: Includes Single Jersey, Rib Knit, Interlock, Terry, Fleece, Lycra Blended Fabrics and specialized fabrics like Dry Fit, Honeycomb Mat and Spun Matte.
  • Manufacturing Capacity:
    • The company operates with a production capacity of 4,500 MT of cotton yarn and 1,800 MT of fabric annually, supported by high-speed automatic circular knitting machines.
  • Vertical Integration:
    • Avi Ansh Textile is vertically integrated, expanding into the knitting sector to meet growing market demands for fabrics. The company produces both greige and dyed fabrics for its customers.
  • Market Presence:
    • The company has a strong market presence across multiple states in India (Punjab, Haryana, Uttar Pradesh, Delhi) and exports to countries like Nepal, Bangladesh, Philippines and Hong Kong.

IPO Docs

Objects of the Issue

  • To meet Working Capital requirements
  • Term Loan Repayment
  • General Corporate Purpose

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates20 Sep - 24 Sep 2024
IPO Price Band₹62 per share
Fresh Issue41,93,541 shares
Offer For SaleNIL
Total IPO Size₹26 crore
Face Value₹10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date20 Sep 2024
IPO Closing Date24 Sep 2024
Basis Of Allotment25 Sep 2024
Refunds26 Sep 2024
Demat Transfer26 Sep 2024
IPO Listing Date27 Sep 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 202331st March 2024
Total Income72.64120.17121.50142.15
Total Expenses71.72118.01121.11137.71
Net Profit/Loss0.681.560.293.31
NPM (*)0.941.300.242.35
Total Assets46.9543.3746.9265.23
Total Liabilities36.1831.0734.3649.35

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 202331st March 2024
EPS0.701.590.293.39
ROE (%)6.3412.652.2920.88
ROCE (%)12.5415.9210.2415.88
D/E Ratio3.142.162.542.87
Current Ratio1.231.541.311.26
EBITDA MARGIN (%)7.695.183.776.82

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Avi Ansh Textile Limited120.7118.283.392.29128.44
Jindal Worldwide Ltd1,814.0992.373.7710.5236.30
Shanti Spintex Limited505.005.708.7115.0351.26
Manomay Tex India Limited583.0923.107.2010.0871.47
United Polyfab Gujarat Ltd908.4829.613.098.2934.70

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)0
Non-Institutional Investor (NII/HNI)5.25
Retail Individual Investor (RII)11.38
Total8.32

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Skyline Financial Services Private Limited
Phone
: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

Company Promoters

  • Anil Kumar Jain
  • Geeta Jain
  • Avi Jain
  • G A Alloys Private Limited
  • S J Metals Private Limited
  • A K Jain .(HUF)
  • Sanjeev Mittal HUF.
  • Ramesh Mittal HUF .
  • S C Jain . (HUF)
  • Arihant Yarnfab Private Limited
  • Akanksha Jain
  • Ansh Jain

Lead Managers

  • 3Dimension Capital Services Limited

Company Address

Avi Ansh Textile Limited

402, 4th Floor, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, North West, Delhi, India,110034

Phone: +91-11-4142-5247, +91-9999335909

Email: avianshanil@rediffmail.com

Website: www.avianshgroup.com

FAQs

  • What is the issue size of the Avi Ansh Textile SME IPO?
    The Avi Ansh Textile SME IPO has an issue size of ₹26 crore. This includes a fresh issue of 41,93,541 shares and an offer for sale (OFS) of NIL.
  • What is the price band of the Avi Ansh Textile IPO?
    The price band for the Avi Ansh Textile IPO is ₹62 per share.
  • What are the bidding dates for the Avi Ansh Textile IPO?
    The Avi Ansh Textile IPO will open for bidding on 20 Sep 2024 and close on 24 Sep 2024.
  • What is the allotment date for the Avi Ansh Textile IPO?
    The allotment date for the Avi Ansh Textile IPO is 25 Sep 2024.
  • What is the listing date for the Avi Ansh Textile IPO?
    The listing date for the Avi Ansh Textile IPO is 27 Sep 2024.
  • What is the Avi Ansh Textile IPO grey market premium?
    The grey market premium (GMP) for the Avi Ansh Textile IPO is currently at ₹2, with an expected listing gain of approximately 3.23%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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