Avi Ansh Textile SME IPO Details, Financials, Valuation & Peers
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.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 20 Sep - 24 Sep 2024 |
| IPO Price Band | ₹62 per share |
| Fresh Issue | 41,93,541 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹26 crore |
| Face Value | ₹10 |
| Listing On | NSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 20 Sep 2024 |
| IPO Closing Date | 24 Sep 2024 |
| Basis Of Allotment | 25 Sep 2024 |
| Refunds | 26 Sep 2024 |
| Demat Transfer | 26 Sep 2024 |
| IPO Listing Date | 27 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 72.64 | 120.17 | 121.50 | 142.15 |
| Total Expenses | 71.72 | 118.01 | 121.11 | 137.71 |
| Net Profit/Loss | 0.68 | 1.56 | 0.29 | 3.31 |
| NPM (*) | 0.94 | 1.30 | 0.24 | 2.35 |
| Total Assets | 46.95 | 43.37 | 46.92 | 65.23 |
| Total Liabilities | 36.18 | 31.07 | 34.36 | 49.35 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 0.70 | 1.59 | 0.29 | 3.39 |
| ROE (%) | 6.34 | 12.65 | 2.29 | 20.88 |
| ROCE (%) | 12.54 | 15.92 | 10.24 | 15.88 |
| D/E Ratio | 3.14 | 2.16 | 2.54 | 2.87 |
| Current Ratio | 1.23 | 1.54 | 1.31 | 1.26 |
| EBITDA MARGIN (%) | 7.69 | 5.18 | 3.77 | 6.82 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Avi Ansh Textile Limited | 120.71 | 18.28 | 3.39 | 2.29 | 128.44 |
| Jindal Worldwide Ltd | 1,814.09 | 92.37 | 3.77 | 10.52 | 36.30 |
| Shanti Spintex Limited | 505.00 | 5.70 | 8.71 | 15.03 | 51.26 |
| Manomay Tex India Limited | 583.09 | 23.10 | 7.20 | 10.08 | 71.47 |
| United Polyfab Gujarat Ltd | 908.48 | 29.61 | 3.09 | 8.29 | 34.70 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 5.25 |
| Retail Individual Investor (RII) | 11.38 |
| Total | 8.32 |
* 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.