Avi Ansh Textile Ltd IPO
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Avi Ansh Textile Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 41.94 L | TBA | ₹ 19.9 L | ₹ 93.63 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 20 Sep, 24 | 24 Sep, 24 | 2000 | TBA | Fixed Price - SME | 27 Sep, 24 |
Avi Ansh Textile Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Textiles - Cotton |
| Sub Sector | Blended |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 5.38x | 1989835 | 10714000 |
| Retail | 11.61x | 1989835 | 23110000 |
| Employee | 0x | 0 | 0 |
| Total | 8.07x | 4193541 | 33824000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Avi Ansh Textile Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 7.37 | 2.92 | 4.85 |
| EBITDA | 10.30 | 5.45 | 7.54 |
| PAT | 3.31 | 0.29 | 1.56 |
| Total Assets | 43.61 | 26.11 | 24.94 |
| Share Capital | 9.78 | 9.78 | 9.78 |
| Total Borrowings | 36.87 | 22.70 | 17.78 |
| Operating Activities (Net Cash) | 6.24 | 2.82 | 4.25 |
| Investing Activities (Net Cash) | 0.00 | -3.91 | -0.63 |
| Financing Activities (Net Cash) | 36.87 | 22.70 | 17.78 |
| Net Cashflow | 0.80 | 6.09 | 4.51 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Avi Ansh Textile Ltd
The Company was originally incorporated as Rajneesh Spinners Private Limited on 27th April, 2005 as a Private Limited Company under Companies Act, 1956 with the Registrar of Companies Punjab, H.P. & Chandigarh. Furtherly, pursuant to the Special Resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on 28th November 2013, the name of our company was changed to Avi Ansh Textile Private Limited and a fresh certificate of Incorporation dated 16th December, 2013 with the Registrar of Companies, Delhi. In 2023, pursuant to a special Resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on 30th November, 2023, our company was converted from a private limited company to a public limited company and consequently, the name of our company was changed to Avi Ansh Textile Limited and a fresh certificate of Incorporation dated 3rd January,2024 by the Registrar of Companies, Delhi. The Corporate Identification number of our Company is U17110DL2005PLC260403.
The domestic apparel and textile industry in India contributes approx. 2.3% to the country's GDP, 13% to industrial production and 12% to exports. India has a 4% share of the global trade in textiles and apparel. India is one of the largest producers of cotton and jute in the world. India is also the 2nd largest producer of silk in the world and 95% of the world's hand-woven fabric comes from India. Total textile exports are expected to reach $65 Bn by FY26 and is expected to grow at 10% CAGR from 2019-20 to reach $190 Bn by 2025-26. The textiles and apparel industry in India is the 2nd largest employer in the country providing direct employment to 45 Mn people and 100 Mn people in allied industries. India is set to achieve $250 Bn textiles production and $100 Bn exports by 2030.
Our Company is operating in the yarn Sector since 2005. We manufacture and export cotton yarn, including combed, carded cotton yarn in various counts. Our annual production capacity is approximately 4,500MT of cotton yarn (Spinning Unit). Our company adheres the quality standards and complies with international norms. Our yarn products are sold under the brand name Pooja gold. Additionally, our company has a knitting division that produces a wide range of fabrics in dyed and greige variants, with a fabric production capacity of approximately 1800 metric tons per annum.
Peer Comparison:
- Jindal Worldwide Ltd
- Shanti Spintex Ltd
- Manomay Tex India Ltd
- United Polyfab Gujarat Ltd
Avi Ansh Textile Ltd IPO Key Points
Strengths
- The elected location for our manufacturing plant boasts a strategic advantage.
- Diversified product offerings underscore our commitment to quality.
- The experienced management team at our company brings a wealth of expertise and leadership.
Risk
- Its business depends on the company production facility in Punjab and the loss of or shutdown of operations of the production facility on any grounds could adversely affect its business or results of operations.
- The company does not have long-term agreements with a majority of its customers. Any changes or cancellations to the company orders or its inability to forecast demand for its products may adversely affect its business, results of operations and financial condition.
- Its insurance coverage may not be adequate.
Strategy
- Expanding our manufacturing capacity.
- Tapping Export Market.
- Harnessing digitization and technology in production processes with a focus on energy efficiency and sustainable practices.
- Raising Additional Working Capital.
- Expansion into Garmenting Sector.
- The elected location for our manufacturing plant boasts a strategic advantage.
- Diversified product offerings underscore our commitment to quality.
- The experienced management team at our company brings a wealth of expertise and leadership.
How To Apply for Avi Ansh Textile Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.