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.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Avax Apparels & Ornaments Limited, WOL 3D India Limited, Rappid Valves (India) Limited, TechEra Engineering Limited, Unilex Colours & Chemicals Limited, Thinking Hats Entertainment Solutions Limited, Manba Finance Limited, KRN Heat Exchanger Refrigerator Limited, Divyadhan Recycling Industries Limited, Archit Nuwood Industries Limited.

The current active IPO is Avi Ansh Textiles Limited, Phoenix Overseas Limited, BikeWo GreenTech Limited, SD Retail Limited, Kalana Ispat, Paramount Speciality Forgings Limited.

Read more

About Avi Ansh Textile Limited

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. Their unwavering commitment to quality and adherence to international standards have garnered trust from both domestic and international buyers. Branded as Pooja Gold, their yarn reflects meticulous craftsmanship, offering unparalleled softness, strength, and versatility. Additionally, they've vertically integrated into the knitting division, producing superior quality fabrics in dyed and greige variants, delivered within promised timelines. Avi Ansh Textile Limited is a Punjab based manufacturing house engaged in the business of manufacturing of:

* Yarns – 1. 100 % Carded cotton 
                   2. 100% Combed cotton 
                   3. Short, medium, long slub yarn produced With specific patterns

* Fabric - 1. Single Jersey, Rib Knit, Interlock Fabric, Terry 
                  2. Diagonal Terry, waffle, Thermal, Fleece 
                  3. Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics 
                  4. Dry Fit, Honeycomb Mat, Spun Matte

Avi Ansh Group is a textile company that operates in the domestic as well as global market. With successful sales operations in multiple states such as Punjab, Haryana, Uttar Pradesh and Delhi, as well as countries like Nepal, Bangladesh, Philippines and Hong Kong. The company manufactures and supplies a range of Yarns and Fabrics to meet customer needs. 

TEXTILE INDUSTRY AND MARKET GROWTH IN INDIA
India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic. 

The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India’s textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. 

In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Up gradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme.

The Indian textile and apparel industry is expected to grow at 10% CAGR from 2019-20 to reach US$ 190 billion by 2025-26. India has a 4.6% share of the global trade in textiles and apparel. Moreover, India is the world's 3rd largest exporter of Textiles and Apparel.

The Indian Technical Textile market has a huge potential of a 10% growth rate, increased penetration level of 9-10% and is the 5th largest technical textiles market in the world. India’s sportech industry is estimated around US$ 1.17 million in 2022-23 

The Indian Medical Textiles market for drapes and gowns is around US$ 9.71 million in 2022 and is expected to grow at 15% to reach US$ 22.45 million by 2027. 

The Indian composites market is expected to reach an estimated value of US$ 1.9 billion by 2026 with a CAGR of 16.3% from 2021 to 2026 and the Indian consumption of composite materials will touch 7,68,200 tonnes in 2027. India is the world’s largest producer of cotton. Estimated production stood at 343.4 lakh bales during the cotton season 2022-23. India’s demand for domestic consumption of cotton is estimated to be 5.29 million metric tonnes in 2022-23. Domestic consumption for the 2021-22 cotton season was estimated to be 338 lakh bales. Cotton production in India is projected to reach 7.2 million tonnes (~43 million bales of 170 kg each) by 2030, driven by increasing demand from consumers. In FY23, exports of readymade garments (RMG) including accessories stood at US$ 16.2 billion. It is expected to surpass US$ 30 billion by 2027, with an estimated 4.6-4.9% share globally. In 2022-23, the production of fibre in India stood at 2.15 million tonnes. While for yarn, the production stood at 5,185 million Kgs during the same period. Natural fibres are regarded as the backbone of the Indian textile industry, which is expected to grow from US$ 138 billion to US$ 195 billion by 2025. 

India’s textile and apparel exports (including handicrafts) stood at US$ 36.68 billion in 2022-23. During April-November (2022- 23), the total exports of textiles stood at US$ 23.1 billion. India’s textile and apparel exports to the US, its single largest market, stood at 27% of the total export value in FY22. Exports of readymade garments including cotton accessories stood at US$ 6.19 billion in FY22. Exports for 247 technical textile items stood at Rs. 5,946 crores (US$ 715.48 million) between April-June (2023-24) India’s textiles industry has around 4.5 crore employed workers including 35.22 lakh handloom workers across the country.

TEXTILE AND APPAREL INDUSTRY
India is the world’s second-largest producer of textiles and garments. It is also the fifth-largest exporter of textiles spanning apparel, home and technical products. The textiles and apparel industry contribute 2.3% to the country’s GDP, 13% to industrial production and 12% to exports. Around 45 million people are working in the textile business, including 3.5 million people who work on handlooms. The Indian textile and apparel industry is expected to grow at 10% CAGR from 2019- 20 to reach US$ 190 billion by 2025-26. The Indian apparel market stood at US$ 40 billion in 2020 and is expected to reach US$ 135 billion by 2025. India has a 4.6% share of the global trade in textiles and apparel. Moreover, India is the world's 3rd largest exporter of Textiles and Apparel. 

India enjoys a comparative advantage in terms of skilled manpower and in cost of production relative to other major textile producers. India’s textile and apparel exports (including handicrafts) stood at US$ 36.68 billion in 2022-23. During AprilNovember in FY23, the total exports of textiles stood at US$ 23.1 billion. India’s textile and apparel exports (including handicrafts) stood at US$ 44.4 billion in FY22, a 41% increase YoY. Exports of readymade garments including cotton accessories stood at US$ 16.2 billion in FY23. India’s ready-made garment (RMG) exports are likely to surpass US$ 30 billion by 2027, growing at a CAGR of 12-13%. Exports for 247 technical textile items stood at Rs. 5,946 crore (US$ 715.48 million) between April-June (2023-24). The Indian government wants to establish 75 textile hubs, similar to Tiruppur, which will greatly increase employment opportunities while promoting the export of textile products and ensuring the use of sustainable technology. Top players in the textiles sector are attaining sustainability in their products by manufacturing textiles that use natural recyclable materials. The textiles industry (including dyed and printed) foreign direct investment (FDI) worth US$ 4.31 billion from April 2000-June 2023. 100% FDI (automatic route) is allowed in the Indian textile sector.

AVI ANSH TEXTILES LIMITED COMPETITIVE STRENGTHS
1. The selected location for their manufacturing plant boasts a strategic advantage.
2. ISO Certifications
3. Continue to strive for cost efficiency.
4. Diversified product offerings underscore their commitment to quality.
5. The experienced management team at their company brings a wealth of expertise and leadership.

AVI ANSH TEXTILES LIMITED STRATEGIES
1. Expanding their manufacturing capacity.
2. Tapping Export Market
3. Harnessing digitization and technology in production processes with a focus on energy efficiency and sustainable practices.
4. Raising Additional Working Capital
5. Expansion into Garmenting Sector

AVI ANSH TEXTILES LIMITED RISK FACTORS & CONCERNS
1. The business depends on their production facility in Punjab and the loss of or shutdown of operations of the production facility on any grounds could adversely affect their business or results of operations.
2. Abundant dependence on IndusInd Bank in respect of Loan facilities obtained by the Company.
3. Company has high debt-to-equity ratio.
4. Their entry into the garments manufacturing sector is a new and untested area of business for them, and as such, they may face unforeseen challenges and uncertainties that could impact their ability to operate successfully in this sector.