Avi Ansh textile IPO
Avi Ansh Textile Ltd
₹1,24,000 /2000 sharesMinimum investment
IPO details
Minimum investment
₹1,24,000
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total7.78x
As of 24 Sep'24, 05:00 PM
Schedule
24 Sep 2024IPO close date
25 Sep 2024Allotment date
27 Sep 2024Tentative listing date
Avi Ansh Textile Limited is a manufacturer of yarn and fabric. The company claims to be a manufacturer and exporter of 100% cotton yarn, including carded and combed yarn. Its fabric division produces single jersey, rib knit, interlock fabric, terry, diagonal terry, waffle, thermal, fleece, pique, and other fabrics, including lycra-blended and dry-fit fabrics. The company serves domestic markets in Punjab, Haryana, Uttar Pradesh, and Delhi, and international markets in Nepal, Bangladesh, the Philippines, and Hong Kong.;
MD/CEO
Mr. Anil Kumar Jain
Parent organisation
Avi Ansh Textile Ltd
Avi Ansh textile Financials
Revenue
Total Assets
Profit
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.
Application details
For Avi Ansh textile IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|
| Regular | ₹62 - ₹62 | ₹2 - ₹5 Lakhs | 2000 |
| High Networth Individual | ₹62 - ₹62 | ₹2 - ₹5 Lakhs | 2000 |
Frequently Asked Questions