IPO Details
Bidding Dates
20 Sept 24 - 24 Sept 24
Price Range ₹
62 - 0
Total Equity
₹ 26.00Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
20 Sept 2024
Offer end
24 Sept 2024
Allotment
25 Sept 2024
Refund initiation
26 Sept 2024
Demat transfer
26 Sept 2024
Listing
27 Sept 2024
Offer start
20 Sept 2024
Offer end
24 Sept 2024
Allotment
25 Sept 2024
Refund initiation
26 Sept 2024
Demat transfer
26 Sept 2024
Listing
27 Sept 2024
About Company
Established in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter specializing in 100% cotton yarn, including both combed and carded yarn across various counts. The company holds ISO 14001:2015 and ISO 9001:2015 certifications, reflecting its commitment to environmental responsibility and quality management. Avi Ansh Textile serves both domestic and international markets, offering a range of yarns and fabrics tailored to customer needs. It operates spinning facilities with a total capacity of 26,000 spindles, producing around 4,500 metric tons of cotton yarn annually in counts ranging from 20s to 40s. As of September 2024, the company employs 281 people across various departments. Key Competitive Strengths: - Strategically located manufacturing facility. - Diversified product portfolio focused on quality. - An experienced management team with strong leadership expertise.
Year Founded
27-04-2005
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 95.67 | 66.98 |
| Share Capital | 9362540 | 9362540 |
Offer to Public
41,93,541.00 Cr
Project Details
- Funding of Working Capital Requirement of the Company - 201.194cr
- General Corporate purposes - 5.629cr
- Term Loan Repayment - 39.476cr
Objectives
- To meet Working Capital requirementsTerm Loan RepaymentGeneral Corporate Purpose
Highlights
- Strategically located manufacturing plant providing a competitive edge.
- Diverse product range reflecting a strong commitment to quality.
- Experienced management team with extensive industry expertise.
- Focus on leveraging digital technology and energy-efficient, sustainable practices in production.
- Expansion into new sectors, such as garmenting, and tapping into export markets to drive growth.
Challenges
- The company relies heavily on its production facility in Punjab, and any disruption or closure could negatively impact its business operations and financial performance.
- Lack of long-term agreements with most customers makes the company vulnerable to order changes or cancellations, which could adversely affect its revenue and financial condition.
- The company may require additional financing to support growth strategies, and failure to secure funding could impact business operations and cash flow.
- The company faces increased compliance costs due to various laws and regulations, including environmental and health and safety requirements, which could negatively affect its financial health.
- Dependence on third-party transportation providers for raw material supply and finished product delivery exposes the company to risks of delays, which could disrupt operations and affect profitability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 4,691.69 | 978.49 | 28.74 | 28.74 | 0.2937 |
| 2023 | 4,684.49 | 978.49 | 68.20 | 68.20 | 0.697 |
| 2022 | 4,335.38 | 978.49 | 28.74 | 28.74 | 0.2937 |
| 2024 | 6,511.00 | 978.49 | 68.20 | 68.20 | 0.697 |
