Avi Ansh Textile Limited

Company Profile
Company Name Avi Ansh Textile Limited
Open Date 20-09-2024
Close Date 24-09-2024
Exchange NSE SME
Lot Size 2,000 Shares
Issue Price ₹62 per share
Issue Size 41,92,000 shares
Application Amount ₹1,24,000
Recommendation Avoid
Avi Ansh Textile Limited was originally incorporated as “Rajneesh Spinners Private Limited” on April 27, 2005. The registered office is located at North-West Delhi, India. The company is engaged in the business of manufacturing and is an exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. The company has 281 full-time employees as on Sep 12, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 11,951.32 12,070.64 14,138.87
EBITDA 553.73 376.62 887.89
Net Profit 155.54 28.74 331.35
RoCE 10.45% 4.57% 19.33%
ROE 12.65% 2.29% 20.88%
P/E 38.99 213.79 18.29

Tentative Timeline

Opening Date 20-09-2024
Closing Date 24-09-2024
Basis of Allotment 25-09-2024
Initiation of Refunds 26-09-2024
Credit of Shares to Demat 26-09-2024
Listing Date 27-09-2024

Objects of the Issue

Term Loan Repayment
To meet Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office Avi Ansh Textile Limited 402, 4th Floor Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, North West-Delhi
Phone +91-11-4142-52
Email avianshanil@rediffmail.com
Website https://www.avianshgroup.com/

Offer Documents

Avax Apparels and Ornaments IPO DRHP
Avax Apparels and Ornaments IPO RHP

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Market Maker Shares Offered 2,12,000 (5.06%)
Retail Shares Offered 19,91,706 (47.49%)
Other Shares Offered 19,89,835 (47.45%)

Shareholding Pattern

Shareholding Pre Issue (Promoters) 95.68%
Shareholding Post Issue (Promoters) 66.99%

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