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Avi Ansh Textile IPO
Price Band
₹
Issue Size
₹25.99 Cr
Lot Size
2,000 shares
Min Investment
₹124,000
GMP
+₹2.0 (3.23%)
Issue Price
₹62.0
Subject to Sauda
₹3000
Paid only if allotted
Avi Ansh Textile IPO AI Summary
- Avi Ansh Textile IPO is listed on NSE SME in the Other Textile Products sector.
- Subscription window: 20 Sep–24 Sep 2024, listing on 27 Sep 2024.
- Current GMP is +₹2.0 (3.23%) — unofficial and can change daily.
Avi Ansh Textile Limited is set to enter the market with its IPO, offering shares at an issue price of ₹62.0. The company has shown strong revenue and profit growth, supported by its manufacturing capabilities and certifications. Investors should consider their risk appetite and the company's performance relative to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Avi Ansh Textile IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Avi Ansh Textile IPO Grey Market Premium (GMP) Today
GMP
+₹2.0
GMP %
+3.23%
Est. Listing
₹64.0
Updated: 25 Jul 2026 14:03
About the Company
Incorporated in April 2005, Avi Ansh Textile Limited is a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. Avi Ansh Textile Limited has achieved ISO 14001:2015 and ISO 9001:2015 certifications, showcasing its dedication to environmental management and quality assurance. The company operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs. The company operates spinning factories with a total capacity of 26,000 spindles, producing approximately 4,500 metric tons of cotton yarn annually, ranging from 20s to 40s counts. As of September 2024, the company has 281 employees in various departments. Competitive Strengths: The chosen site for the manufacturing plant offers a strategic advantage. Diversified product offerings underscore its commitment to quality. The company's experienced management team brings a wealth of expertise and leadership.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 65.23 | 46.92 | 43.37 | 46.95 |
| Total Income | 142.15 | 121.50 | 120.17 | 72.64 |
| Profit After Tax | 3.31 | 0.29 | 1.56 | 0.68 |
| NET Worth | 15.87 | 12.57 | 12.30 | 10.76 |
| Reserves and Surplus | 6.09 | 2.78 | 2.51 | 0.98 |
| Total Borrowing | 44.81 | 31.93 | 26.60 | 33.75 |
Key Ratios
EPS
₹3.39
NAV
₹16.22
ROE
20.88%
ROCE
15.88%
RoNW
20.88%
P/E Ratio
18.31
Market Cap
₹86.67 Cr
PAT Margin
2.35%
Debt/Equity
2.82
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| United Polyfab Gujarat Limited | 8.29% | 29.61 | 3.09 | 3.09 |
| Manomay Tex India Ltd | 10.08% | 23.1 | 7.2 | 7.2 |
| Shanti Spintex Ltd | 15.03% | 5.7 | 8.71 | 8.71 |
| Jindal Worldwide Ltd. | 10.52% | 92.37 | 3.77 | 3.77 |
| Avi Ansh Textile Limited This IPO | 2.29% | 18.28 | 3.39 | 3.39 |
Promoters
Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Pvt.Ltd., S J Metals Pvt.Ltd., A K Jain (HUF), Sanjeev Mittal (HUF), Ramesh Mittal (HUF), S C Jain (HUF), Arihant Yarnfab Pvt.Ltd., Akanksha Jain and Ansh Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet Working Capital requirements 20.12 2 Term Loan Repayment 3.95 3 General Corporate Purpose 0.55
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹72.64 Cr in the period ending 31 Mar 2021 to ₹121.50 Cr by 31 Mar 2023, and further rose to ₹142.15 Cr by 31 Mar 2024. This indicates a consistent upward trend in revenue over the periods analyzed.
Profit Trend
Profit after tax saw significant growth, moving from ₹0.68 Cr in the period ending 31 Mar 2021 to ₹0.29 Cr by 31 Mar 2023, and then increasing to ₹3.31 Cr by 31 Mar 2024. This reflects a strong improvement in profitability over the analyzed periods.
Valuation
Avi Ansh Textile has an implied P/E ratio of 18.28 at the issue price. This is compared to peers with P/E ratios ranging from 5.7 to 92.37.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the price at which an IPO is expected to list on the stock exchange compared to its issue price. A positive GMP indicates that investors expect the stock to trade higher than its issue price on listing day.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable returns and low-risk investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainty.
IPO Timeline, Explained
The IPO opens for subscription on 20 September 2024 and closes on 24 September 2024. Allotment of shares will be done on 25 September 2024, with the listing expected on 27 September 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various market factors. While some IPOs may see a rise in stock price on their debut, others may not perform as expected, leading to potential losses for investors.
This evaluation is generated from Avi Ansh Textile's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Avi Ansh Textile IPO GMP today?
Avi Ansh Textile IPO GMP today is +₹2.0 (3.23%). GMP is an unofficial grey-market indicator and can change daily.
When does Avi Ansh Textile IPO open and close?
Avi Ansh Textile IPO opens on 20 September 2024 and closes on 24 September 2024.
When does Avi Ansh Textile IPO list on the stock exchange?
Avi Ansh Textile IPO listed on 27 September 2024 at ₹64.0.
What is the lot size for Avi Ansh Textile IPO?
The lot size for Avi Ansh Textile IPO is 2000 shares, requiring a minimum investment of ₹124,000.
What is the issue price of Avi Ansh Textile's IPO?
The issue price is ₹62.0.
What is the minimum investment required?
The minimum investment required is ₹124,000.
What is the lot size for this IPO?
The lot size is 2000 shares.
When is the listing date for the shares?
The listing date is 27 September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Sep 2024
Close
24 Sep 2024
Allotment
25 Sep 2024
Listing
27 Sep 2024
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