Avi Ansh Textile Limited IPO GMP

Avi Ansh Textile has been operating in the yarn sector since 2005. By 2012, they had established a presence as a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. Their production capacity at that time was approximately 4,500MT of cotton yarn per year, with 26,314 spindles.

Avi Ansh, an Fixed Price Issue amounting to ₹25.99 Crores, consisting an Fresh Issue of 41.93 Lakh Shares. The subscription period for the Avi Ansh IPO opens on September 20, 2024, and closes on September 24, 2024. The allotment is expected to be finalized on or about Wednesday, September 25, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, September 27, 2024.

The Share price of Avi Ansh IPO is set at ₹62 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹1,24,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹2,48,000.

3Dimension Capital Services Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar for the Issue. s Nikunj Stock Brokers limited is the sole Market Maker for the Avi Ansh IPO.

Avi Ansh Textile Limited IPO GMP Today
The Grey Market Premium of Avi Ansh Textile Limited IPO is expected in the range of ₹10 to ₹12 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Avi Ansh Textile Limited IPO Live Subscription Status Today: Real-Time Updates
As of 12:09 PM on 23 September 2024, the Avi Ansh Textiles Limited IPO live subscription status shows that the IPO subscribed 2.39 times on its Second day of subscription period. Check the Avi Ansh Textiles Limited IPO Live Subscription Status Today at NSE.

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Avi Ansh Textiles Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Avi Ansh Textiles IPO allotment date is 25 September, 2024, Wednesday. Avi Ansh IPO Allotment will be out on 25th September 2024 and will be live on Registrar Website from the allotment date. Check Avi Ansh Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Avi Ansh Textiles Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Avi Ansh Textiles Limited IPO
Avi Ansh Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹2011.94 Lakhs is required to meet Working Capital 
2. ₹394.76 Lakhs is required for Term Loan Repayment 
3. ₹56.29 Lakhs is required for General Corporate Purpose

Refer to Avi Ansh Textile Limited RHP for more details about the Company.