The Avi Ansh Textile IPO is a fixed-price issue valued at ₹26.00 crores, consisting entirely of a fresh issue of 41.94 lakh shares.
The subscription for the Avi Ansh Textile IPO opens on September 20, 2024, and closes on September 24, 2024. The allotment is expected to be finalized on Wednesday, September 25, 2024. The IPO will list on the NSE SME, with a tentative listing date set for Friday, September 27, 2024.
Avi Ansh Textile operates in the textile sector, specializing in the manufacturing and exporting of 100% cotton yarn, including both combed and carded varieties. They cater to both domestic and international markets, providing a range of yarns and fabrics to meet diverse customer needs.
The price for the Avi Ansh Textile IPO is fixed at ₹62 per share. Retail investors can apply for a minimum lot size of 2,000 shares, requiring an investment of ₹124,000. High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots, totaling 4,000 shares, or ₹248,000.
3Dimension Capital Services Limited is the book-running lead manager for the Avi Ansh Textile IPO, while Skyline Financial Services Private Ltd is the registrar. The market maker for the IPO is Nikunj Stock Brokers.
Avi Ansh Textile IPO Details:
| Company Name | Avi Ansh Textile Limited |
| Sector | Textile |
| IPO Type | SME |
| IPO Open date | 20th Sep 2024 |
| IPO Close date | 24th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Avi Ansh Textile IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,24,000 |
| HNI (Min) | 2 | 4000 | 2,48,000 |
Avi Ansh Textile IPO Timeline:
| IPO Open Date | 20th Sep 2024 |
| IPO Close Date | 24th Sep 2024 |
| Basis of Allotment | 25th Sep 2024 |
| Refund Initiation Date | 26th Sep 2024 |
| Shares Credit to Demat | 26th Sep 2024 |
| Listing Date | 27th Sep 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Avi Ansh Textile’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Textile Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Avi Ansh Textile and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
