The IPO for Avi Ansh Textile is scheduled to begin on September 20. One SME IPO that plans to raise ₹26 crores is Avi Ansh Textile. With a market lot of 2000 shares, the Avi Ansh Textile IPO price band is set at ₹62.
The projected listing price for the Avi Ansh Textile SME IPO is ₹62 (cap price + today’s GMP).A percentage gain or loss of 0.00% is anticipated for each share. Every day, we update GMP. Based on the actions of the last four sessions in the grey market, we have observed no significant movement in GMP today. This pattern is expected to continue until the day of listing. Keep checking back to see the predicted listing price and daily price trend of the Avi Ansh Textile SME IPO GMP.
Avi Ansh Textile IPO Details
| IPO Open Date | September 20, 2024 |
| IPO Close Date | September 24,2024 |
| Listing Date | September 27, 2024 |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,193,541 shares
(aggregating up to ₹26.00 Cr) |
| Fresh Issue | 4,193,541 shares (aggregating up to ₹26.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Avi Ansh Textile Financials
From March 31, 2024, to March 31, 2023, Avi Ansh Textile Limited’s profit after tax (PAT) increased by 1053%, while its revenue increased by 17%.
| FY 2024 | |
| Assets | 6,522.64 |
| Revenue | 14,214.65 |
| Profit After Tax | 331.35 |
| Net Worth | 1,587.22 |
| ROE | 20.88% |
| ROCE | 15.88% |
| Debt/Equity | 2.82 |
| RoNW | 20.88% |
| PAT Margin (%) | 2.35 |
About the Company – Avi Ansh Textile
Avi Ansh Textile Limited, which was incorporated in April 2005, is a producer and exporter of yarn made entirely of cotton, including carded and combed cotton yarn in different counts. Avi Ansh Textile Limited has demonstrated its commitment to environmental management and quality assurance by obtaining ISO 9001:2015 and ISO 14001:2015 certifications.
In order to satisfy client demands, the company manufactures and supplies a range of yarns and textiles for both domestic and international markets. The company runs 26,000 spindle-capable spinning facilities that generate 4,500 metric tons of cotton yarn per year, with counts ranging from 20 to 40.
