Avi Ansh Textile Limited is coming up with an IPO consisting of a fresh issue of 41,93,541 shares worth INR 26 crores. The company aims to address working capital, term loan repayment, and general corporate needs.
Avi Ansh Textile IPO – Important Dates
| Avi Ansh Textile Limited IPO Date | September 20, 2024 to September 24, 2024 |
| Avi Ansh Textile Limited IPO Listing Date | September 27, 2024 |
| Avi Ansh Textile Limited IPO Price | INR 62 per share |
| Avi Ansh Textile Limited IPO Lot Size | 2000 Shares |
| Avi Ansh Textile Limited IPO Total Issue Size | INR 26 crores |
| Avi Ansh Textile Limited IPO Basis of Allotment | September 25, 2024 |
| Avi Ansh Textile Limited IPO Initiation of Refunds | September 26, 2024 |
| Avi Ansh Textile Limited IPO Credit of Shares to Demat | September 26, 2024 |
| Avi Ansh Textile Limited IPO Issue Type | Fixed Price Issue IPO |
| Avi Ansh Textile Limited IPO Listing At | NSE SME |
Avi Ansh Textile Limited IPO – Company Profile
Avi Ansh Group is a global textile company that manufactures yarns and fabrics using advanced German and European machinery. It emphasizes machinery. It emphasizes continuous technology upgrades and sustainable practices and ensures 24-hour production with skilled labour.
With over 30 years of expertise, the company produces and supplies high-quality cotton and blended yarns, greige, and dyed fabrics, and has expanded into knitting, aligning with market trends and customer preferences through vertical integration.
Their products are categorized into yarns and fabrics. Yarns include 100% carded and combed cotton and slub yarns. Fabrics cover single jersey, rib knit, terry, thermal, fleece, pique, and various blended fabrics.
Avi Ansh Textile Ltd IPO Fundamental Analysis
Avi Ansh Textile Limited’s financial analysis reveals a mixed performance. Revenue has grown steadily, with profitability and EPS improving significantly. However, increased debt reliance and decreased inventory turnover suggest mixed financial health and potential liquidity challenges.
- Revenue Trend: The revenue increased from ₹11,951.32 lakhs in March 2022 to ₹12,070.64 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 14,138.87 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹155.55 lakhs in March 2022 to ₹331.35 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹1.59 in March 2022 to ₹3.39 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 12.65% to 20.88%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Avi Ansh Textile IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 11,951.32 | 12,070.64 | 14,138.87 |
| Equity (₹ in lakhs) | 1,229.62 | 1,256.74 | 1,587.22 |
| Expenses (₹ in lakhs) | 11,800.93 | 12,110.96 | 13,771.00 |
| Profit and Loss After Tax (₹ in lakhs) | 155.55 | 28.74 | 331.35 |
| Diluted EPS only (₹) | 1.59 | 0.29 | 3.39 |
| Return on Net Worth (%) | 12.65 | 2.29 | 20.88 |
| NAV per Equity Share (₹) | 12.56 | 12.84 | 16.22 |
| Total Assets (in lakhs) | 4,336.85 | 4,692.35 | 6,522.64 |
| Total Liabilities (in lakhs) | 3,107.23 | 3,435.61 | 4,935.42 |
| Debt-Equity Ratio | 2.16 | 2.54 | 2.87 |
| Current Ratio (in times) | 1.54 | 1.31 | 1.26 |
| Inventory Turnover Ratio | 7.22 | 7.06 | 5.07 |
Avi Ansh Textile Limited IPO Peer Comparison
Avi Ansh Textile Limited shows moderate performance across various metrics, while Jindal Worldwide Ltd excels in profitability and return metrics. Shanti Spintex and Manomay Tex India demonstrate strong performance, with United Polyfab Gujarat having notable profitability.
| Company | Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | Book Value (₹ in lakhs) |
| Avi Ansh Textile Limited | 12,070.64 | 10 | 18.28 | 3.39 | 2.29 | 128.44 |
| Jindal Worldwide Ltd | 1,81,408.9 | 1 | 92.37 | 3.77 | 10.52 | 36.30 |
| Shanti Spintex Limited | 50,500.00 | 10 | 5.70 | 8.71 | 15.03 | 51.26 |
| Manomay Tex India Limited | 58,309.12 | 10 | 23.10 | 7.20 | 10.08 | 71.47 |
| United Polyfab Gujarat Ltd | 90,847.72 | 10 | 29.61 | 3.09 | 8.29 | 34.70 |
Avi Ansh Textile Ltd IPO Objective
The main objective of Avi Ansh Textile Limited is to address working capital requirements and repay term loans.
- Repayment of Term Loan: The company intends to use INR 3.95 crores from the net proceeds to repay existing fund-based borrowings from scheduled commercial banks, either partially or fully.
- Funding Working Capital Requirements of the company: The company plans to utilize INR 20.12 crores from the net proceeds to invest in trade receivables and inventories, pay trade payables, and fund day-to-day operations.
- General Corporate Purpose: The company will deploy a balance of INR 0.56 crores to general corporate goals, including brand building, funding growth opportunities, and addressing ongoing general corporate exigencies, including unforeseen needs that may arise in business.
Avi Ansh Textile IPO Risks And Challenges
Avi Ansh Textile Limited’s risks include operational challenges, reliance on purchase orders, and inadequate insurance coverage. Equipment failures, customer changes, and uninsured losses could significantly affect the company’s business and financial performance.
- Their production facility faces various operational risks, including equipment failures, raw material issues, natural disasters, and regional disruptions. These risks, compliance requirements, and potential local matters could significantly impact their business and financial performance.
- Their business relies on purchase orders rather than long-term contracts or exclusive marketing agreements. Its dependence on ongoing customer relationships and the absence of exclusive agents mean changes in buying patterns or the loss of significant customers could impact its revenue and operations.
- Their insurance policies, detailed in the “Insurance” section of the Prospectus, are periodically renewed but do not cover all risks. Significant uninsured losses or denied claims could materially impact their business and financial condition.
Avi Ansh Textile Ltd IPO – Industry & Market Potential
India’s diverse textile sector, from hand-spun to advanced mills, leverages strong fibre production and government support. With cotton output projected at 7.2 million tonnes by 2030, robust demand, competitive advantages, and significant investments drive growth.
The Indian textile industry, growing at 10% CAGR to reach US$190 billion by 2025-26, is a global leader. It excels in cotton production and exports, has 4.5 crore workers, and has strong markets in technical, sports, and medical textiles.
India, the second-largest textile producer and fifth-largest exporter proliferates with a projected 10% CAGR. Contributing 2.3% to GDP and employing 45 million, the sector attracts substantial FDI and aims for sustainability and increased exports.
Avi Ansh Textile Limited IPO – Type of Offer
Avi Ansh Textile Limited is coming up with an IPO consisting of a fresh issue of 41,93,541 shares worth INR 26 crores. The company aims to address working capital, term loan repayment, and general corporate needs.
Avi Ansh Textile IPO Offer Size
The offer size of Avi Ansh Textile Limited is INR 26 crores, consisting of a fresh issue of 41,93,541 shares. The company seeks funds to address working capital, term loan repayment, and general corporate needs.
Avi Ansh Textile Limited IPO Allotment Structure
Avi Ansh Textile Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 212,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 212,000 shares for this purpose.
How to apply for Avi Ansh Textile IPO?
To apply for the Avi Ansh Textile Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Avi Ansh Textile Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Avi Ansh Textile Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Avi Ansh Textile IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Avi Ansh Textile Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Avi Ansh Textile Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Avi Ansh Textile Limited IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Avi Ansh Textile Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Avi Ansh Textile Ltd IPO Offer Registrar
The registrar for the Avi Ansh Textile Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Skyline Financial Services Private Limited
D-153A, 1st floor,
Phase I, Okhla Industrial Area,
Delhi – 110020
Tel No.: +91-11-40450193-97,
E-mail: [email protected]
Website: www.skylinerta.com
Avi Ansh Textile IPO – FAQs
1. What is the allotment date of the Avi Ansh Textile IPO?
The allotment date of the Avi Ansh Textile Limited IPO is September 25, 2024.
2. What is the price band of the Avi Ansh Textile IPO?
The price band of the issue is INR 62 per share.
3. What is the size of the Avi Ansh Textile IPO?
The offer size of Avi Ansh Textile Limited is INR 26 crores, consisting of a fresh issue of 41,93,541 shares. The company seeks funds to address working capital, term loan repayment, and general corporate needs.
4. What is the listing date of the Avi Ansh Textile IPO?
The listing date of Avi Ansh Textile Limited’s IPO is September 27, 2024.
