Avi Ansh Textile Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹62
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,24,000
Issue Size
₹26 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Avi Ansh Textile Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.67%
Promoter Holding (Post-Issue)
66.98%
Issue Type
Fixed Price - SME
ISIN
INE0TFB01017
About the Company
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.
Industry Overview
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.
Company History
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.
Growth 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.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of 41,92,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Avi Ansh Textile Limited (the "Company" or the "Issuer") for cash at a price of Rs. 62/- per equity (the "Issue Price") aggregating to Rs. 25.99 crores ("The Issue") of which 2,12,000 equity share face value of Rs. 10 each for cash at a price of Rs. 62 equity share including premium of Rs. 52 per equity shares aggregating to Rs. 1.31 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 39,80,000 equity share face value of Rs. 10 each at a cash price of Rs. 62 per equity share including premium of Rs. 52 per equity share aggregating to Rs. 24.68 crores (the "Net Issue"). The issue and the net issue will constitute 30% and 28.47% respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.
- The company may need to seek additional financing in the future to support its growth strategies. Any failure to raise additional financing could have an adverse effect on its business, results of operations, financial condition and cash flows.
- Its business requires the company to obtain and renew certain licenses and permits from government, regulatory authorities and other national/ international corporations and the failure to obtain or renew them in a timely manner may adversely affect its business operations.