Last Updated on September 23, 2024 by Wenivesh Team
The Avi Ansh Textile Limited IPO has garnered significant attention from investors as it opens for subscription from September 20, 2024 to September 24, 2024.
With an attractive pricing strategy and strong financial performance, let’s dive into the essential details about the Avi Ansh Textile Limited IPO GMP today, subscription details, price, listing information, and company background.
This IPO offers an opportunity for investors to participate in a growing textile company specializing in cotton yarn, particularly in a sector seeing rising demand.
Avi Ansh Textile Limited IPO Price and Key Details
The Avi Ansh Textile Limited IPO is priced at ₹62 per share, making it accessible to investors with a minimum investment of ₹124,000 for one lot (2,000 shares). The total issue size is approximately ₹26 crore.
| Details | Figures |
|---|---|
| IPO Price | ₹62 per share |
| Lot Size | 2,000 shares |
| Minimum Investment | ₹124,000 |
| Issue Size | ₹26 crore |
| Issue Open Date | September 20, 2024 |
| Issue Close Date | September 24, 2024 |
| Listing Date | September 27, 2024 |
| Listing Exchange | NSE SME |
The IPO opens on September 20, 2024, and will close on September 24, 2024, with the listing date set for September 27, 2024 on the NSE SME exchange.
Avi Ansh Textile Limited IPO GMP Today
As of today, September 23, 2024, the Avi Ansh Textile Limited IPO GMP stands at ₹15. This indicates a potential premium in the grey market over the issue price of ₹62, suggesting investor confidence in the company’s future performance.
| Details | Figures |
|---|---|
| Issue Price | ₹62 per share |
| GMP Today | ₹15 |
| Expected Listing Price | ₹77 (₹62 + ₹15 GMP) |
| Kostak Rate | Not applicable |
| Subject to Sauda | ₹20,000 |
The GMP today suggests a possible listing price of around ₹77, reflecting optimism about the company’s market debut.
Avi Ansh Textile Limited IPO Subscription
The Avi Ansh Textile Limited IPO is divided into categories for different investor segments: Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors (RII).
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | NA |
| Retail Individual Investors (RII) | 2.96 Times |
| Non-Institutional Investors (NII) | 1.62 Times |
The allocation ensures a balanced distribution among different investor types. As the IPO progresses, subscription numbers will provide insights into investor sentiment.
Company Information: Avi Ansh Textile Limited
Avi Ansh Textile Limited is a leading manufacturer of cotton yarn, specializing in both carded and combed varieties. The company was incorporated as Rajneesh Spinners Private Limited in 2005 before being rebranded. With a production capacity of 4,500 metric tons annually, the company is well-equipped to cater to the growing demand in the textile industry. Avi Ansh holds several ISO certifications, ensuring adherence to quality and environmental standards.
Use of IPO Proceeds
The funds raised from the Avi Ansh Textile Limited IPO will be allocated for specific purposes, including:
| Purpose | Amount (₹ Crore) | Percentage |
|---|---|---|
| Working Capital Requirements | ₹20.12 crore | 77.39% |
| Debt Repayment | ₹3.94 crore | 15.17% |
| General Corporate Purposes | ₹0.56 crore | 2.16% |
| Issue Related Expenses | ₹1.37 crore | 5.27% |
The bulk of the funds, around 77.39%, will be used to meet the company’s working capital requirements, supporting its growth and operations.
Avi Ansh Textile Limited Financials
Avi Ansh Textile has shown significant growth over the past few years, with steady revenue increases and improved profitability. Here’s a look at the company’s financial performance:
| Year | Revenue (₹ Crore) | Expenses (₹ Crore) | Profit After Tax (₹ Crore) | Assets (₹ Crore) |
|---|---|---|---|---|
| FY2021 | 72.64 | 71.72 | 0.68 | 46.95 |
| FY2022 | 120.16 | 118.01 | 1.55 | 43.37 |
| FY2023 | 121.49 | 121.11 | 0.29 | 46.92 |
| FY2024 | 142.14 | 137.71 | 3.31 | 65.23 |
Key Financial Ratios for FY2024
| Ratio | Figure |
|---|---|
| Earnings Per Share (EPS) | ₹3.39 |
| Price/Earnings (P/E) Ratio | 18.28 |
| Return on Equity (ROE) | 20.88% |
| Return on Capital Employed (ROCE) | 15.88% |
| EBITDA Margin | 6.82% |
| Profit After Tax Margin | 2.35% |
| Debt to Equity Ratio | 2.87 |
| Net Asset Value (NAV) | ₹16.22 |
Avi Ansh Textile’s financials reflect a company on a solid growth path, with revenue increasing from ₹72.64 crore in FY2021 to ₹142.14 crore in FY2024, and profit after tax growing to ₹3.31 crore in FY2024.
Conclusion
The Avi Ansh Textile Limited IPO provides a promising opportunity for investors to participate in a growing textile company. With a strong GMP today of ₹15, reflecting optimism for a solid market debut, and healthy financial performance, this IPO is gaining traction.
However, investors should weigh the company’s fundamentals, subscription status, and grey market trends before making their final decision. The IPO closes on September 24, 2024, with the listing expected on September 27, 2024.
Hope this blog On Avi Ansh Textile Limited IPO GMP Today has been informative and insightful.
Please feel free to leave a comment below if you have any questions or thoughts.