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Avi Ansh textile IPO
Avi Ansh Textile Ltd
₹1,24,000 /2000 sharesMinimum Investment
Avi Ansh textile IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 20 Sep ‘24 - 24 Sep ‘24 | ₹1,24,000 | 2,000 | ₹62 - ₹62 |
| Issue Size | IPO Doc |
|---|---|
| 25.99Cr | RHP PDF |
Subscription rate
As of 24 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 7.78x |
About Avi Ansh textile
Founded in
2005
Managing director
Mr. Anil Kumar Jain
Parent organisation
Avi Ansh Textile Ltd
Strengths & Financials of Avi Ansh textile
Strengths
Risks
The company claims to be equipped with high-speed automatic circular knitting machines, enabling the fabric division to produce 1,800 metric tonnes per annum of various fabric types.
The company holds an ISO 9001:2015 certificate for quality management systems and an ISO 14001:2015 certificate for environment management systems.
The company claims that the manufacturing units are equipped with advanced machinery featuring German and European technology.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 119.51 crore in FY22 to Rs 120.71 crore in FY23 to Rs 141.39 crore in FY24.
The company is involved in certain legal proceedings. Any adverse judgments in any of these cases can be detrimental to its business prospects.
The company's manufacturing operations are dependent on the production facility in Punjab. Any adverse developments in the business environment of this region can negatively impact the company’s functions and finances.
The company doesn’t have long-term agreements with any of its customers. Therefore, any inability to retain these customers or adverse changes in relations with them can harm the company’s financial performance.
As of March 31, 2024, the company has outstanding secured loans totalling Rs 33.44 crore. Any inability to repay or service these loans can adversely affect the company’s financial standing.
Avi Ansh textile Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Avi Ansh textile IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹62 - 62 | ₹2 - 5 Lakh |
| High Networth Individual | ₹62 - 62 | ₹2 - 5 Lakh |
For Avi Ansh textile IPO, eligible investors can apply as Regular.