Avi Ansh Textile IPO

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.

Important Details

Open Date : September 20, 2024 Close Date : September 24, 2024 Allotment Date: September 25, 2024 Listing Date: September 27, 2024

Important Details

IPO Price: INR 62 per share Lot Size: 2000 Shares Total Issue Size: INR 26 crores

Fundamental Analysis

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.

Peer Comparison

Avi Ansh Textile: Moderate performance. Jindal Worldwide: Strong profitability and returns. Shanti Spintex & Manomay Tex India: Strong overall performance. United Polyfab Gujarat: Notable profitability.

Objective

Avi Ansh Textile Limited's primary objective is to meet working capital needs and repay term loans.

Risks And Challenges

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.