Avi Ansh Textile Limited (NSE SME)
September 20, 2024 – September 24, 2024
| Price | ₹62 - ₹62 |
| Premium | ₹2 |
|---|---|
| Lot size | 2000 |
| Allotment | Sep 25, 2024 |
| Listing | Sep 27, 2024 |
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/
Last updated on 24-Sep-2024 18:29:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1990000 | 10714000 | 5.38 |
| RETAIL | 1990000 | 23110000 | 11.61 |
| Total | 3980000 | 33824000 | 8.5 |
| Retail Apps | 11555 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.45 | @8% ₹0.51 | @9% ₹0.58 | @10% ₹0.64 | @11% ₹0.7 | @12% ₹0.77 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 124000 | 995 |
| HNI | 2 | 4000 | 248000 | 995 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 1990000 |
| Other | 47.4% | 1990000 |
| Market Maker | 5.10% | 212000 |
| Total No. of Shares | 100.0% | 4192000 |
Avi Ansh Textile IPO Details
| Issue Size | 4,192,000 shares (aggregating up to ₹25.99 Cr) |
| Fresh Issue | 4,192,000 shares (aggregating up to ₹25.99 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,784,930 |
| Share holding post issue | 13,976,930 |
| Market Maker portion | 212,000 shares Nikunj Stock Brokers |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 20.88% | 2.29% | 12.65% |
| ROCE | 15.88% | 10.24% | 15.92% |
| RONW | 20.88% | 2.29% | 12.65% |
| D/E | 2.82 | 2.54 | 2.16 |
| EPS (basic) | 3.39 | 0.29 | 1.59 |
| P/E Pre IPO | 18.31 | ||
| P/E Post IPO | 26.16 |
Company Financials
Avi Ansh Textile Limited Financial Information (Restated)
Avi Ansh Textile Limited's revenue increased by 17% and profit after tax (PAT) rose by 1053% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 6,522.64 | 4,692.35 | 4,336.85 | 4,694.81 | ||||||||||||||||||||||||||||||||||||
| Revenue | 14,214.65 | 12,149.57 | 12,016.76 | 7,264.3 | ||||||||||||||||||||||||||||||||||||
| Profit | 331.35 | 28.74 | 155.55 | 68.2 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,587.22 | 1,256.74 | 1,229.62 | 1,076.34 | ||||||||||||||||||||||||||||||||||||
| Reserves | 608.73 | 278.25 | 251.13 | 97.85 | ||||||||||||||||||||||||||||||||||||
| Borrowing | 4,481.21 | 3,193.46 | 2,659.87 | 3,375.46 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About Company
Incorporated in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter of 100% cotton yarn, specializing in combed and carded cotton yarn across various counts. With ISO 14001:2015 and ISO 9001:2015 certifications, the company demonstrates a strong commitment to environmental management and quality assurance. Avi Ansh operates spinning factories 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. Serving both domestic and international markets, the company supplies a variety of yarns and fabrics to meet diverse customer needs. As of September 2024, Avi Ansh Textile Limited employs 281 people across various departments, supporting its robust operations and market presence.
Strength
Strategic Plant Location: The manufacturing site provides a key logistical advantage for operations.
Diversified Product Offerings: A broad range of cotton yarns highlights the company's commitment to quality and customer needs.
Experienced Management: The leadership team brings extensive expertise, driving the company’s growth and operational efficiency.
Weakness
Dependence on Single Facility: Reliance on the Punjab production facility makes the business vulnerable to operational disruptions or shutdowns.
Lack of Long-term Customer Contracts: Absence of long-term agreements with most customers increases the risk of order changes or cancellations, impacting revenue stability.
Inadequate Insurance Coverage: The Company’s insurance may not fully cover potential risks, posing financial exposure in case of unforeseen events.