Avi Ansh Textile Limited's IPO offers 41,93,541 shares worth INR 26 crores to meet working capital, repay loans, and fund general corporate needs.
Open Date : September 20, 2024 Close Date : September 24, 2024 Allotment Date: September 25, 2024 Listing Date: September 27, 2024
IPO Price: INR 62 per share Lot Size: 2000 Shares Total Issue Size: INR 26 crores
Avi Ansh Textile IPO shows mixed performance: 1. Steady revenue growth. 2. Improvement profitability & EPS. 3. Higher debt reliance. 4. Lower inventory turnover. 5. Mixed financial health with potential liquidity challenges.
Avi Ansh Textile: Moderate performance. Jindal Worldwide: Strong profitability and returns. Shanti Spintex & Manomay Tex India: Strong overall performance. United Polyfab Gujarat: Notable profitability.
Avi Ansh Textile Limited's primary objective is to meet working capital needs and repay term loans.
Avi Ansh Textile IPO Risks: 1. Operational challenges. 2. Reliance on purchase orders. 3. Limited insurance coverage. 4. Equipment failures and customer changes. 5. Uninsured losses affecting business performance.