Avi Ansh Textile Limited IPO

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Avi Ansh Textile is primarily engaged in the production of yarn and fabric. Initially, the company focused on manufacturing 100% cotton yarn—both combed and carded variants—and by 2012, its production capacity reached approximately 4,500 metric tons (MT) per year, with 26,314 spindles. The company’s dedication to producing superior quality cotton yarn has led to the development of its renowned brand, Pooja Gold. This brand is recognized for its fine craftsmanship, softness, strength, and versatility.

The company offers an extensive range of products, including:
i. Yarns
ii. Fabric:
a. Single Jersey, Rib Knit, Interlock Fabric, Terry
b. Diagonal Terry, Waffle, Thermal, Fleece
c. Pique, Rice Knit, Dot Knit, Nirmal Knit, Lycra Blended Fabrics
d. Dry Fit, Honeycomb Mat, Spun Matte

To complement its yarn manufacturing, Avi Ansh Textile has expanded into the knitting division, producing high-quality fabrics in both dyed and greige (unfinished) forms. This vertical integration allows the company to offer a more comprehensive product range to its customers. The fabric division is equipped with high-speed automatic circular knitting machines, enabling it to knit approximately 1,800 MT of fabric annually.

Market Presence and Expansion

The company has adopted an aggressive market penetration strategy, which has enabled it to establish a strong presence in multiple states, including Punjab, Haryana, Uttar Pradesh, and Delhi. Internationally, it has built strong relationships with clients in Nepal, Bangladesh, the Philippines, and Hong Kong.

Through strategic initiatives, Avi Ansh Textile has expanded its client base and built long-lasting relationships. The company leverages both technology and human resources to achieve its production goals, while also focusing on maintaining strong relationships with its customers through consistent product quality and timely delivery.

Sustainable Business Strategy

In line with global trends toward sustainability, Avi Ansh Textile has adopted a sustainable business strategy that emphasizes the responsible use of resources and minimizing its environmental footprint. The company is committed to continuous improvement in its production processes to ensure it remains competitive while also being environmentally responsible.

In summary, Avi Ansh Textile Limited is a well-established player in the textile industry, known for its commitment to quality, sustainability, and technological innovation. With a diverse product portfolio and a strong market presence, the company is well-positioned for continued growth in both the domestic and international markets.

Objects of the Avi Ansh Textile Limited IPO:

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: i. To meet Working Capital requirements ii. Term Loan Repayment iii. General Corporate Purpose.
DRHP of Avi Ansh Textile Limited IPO
RHP of Avi Ansh Textile Limited IPO

Avi Ansh Textile Limited IPO Details:

Open Date: Sep 20 2024
Close Date: Sep 24 2024
Total Shares: 4,192,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 25.99 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 62 Per Equity Share
Listing At: NSE Emerge
Listing Date: Sep 27 2024

Promoters And Management:

Anil Kumar Jain is the Managing Director of Avi Ansh Textile Limited, with over 37 years of experience in the yarn and hosiery sector. He began his career in 1986 as a partner at Arihant Hosiery, and later established his own proprietorship firm, Arihant Yarn Agency, in 1993. In 2005, he co-founded Avi Ansh Enterprise Private Limited with his wife. In 2012, he acquired a manufacturing unit for spinning and knitting in Derabassi, Punjab, and established Avi Ansh Textile Limited. Additionally, Anil Kumar Jain is a co-founder of G.A. Alloys Private Limited (established in 2008), S. J Metals Private Limited (established in 2008), and Arihant Yarn Fab Private Limited (established in 2010). Geeta Jain is a Director at Avi Ansh Textile Limited, with over 10 years of experience in the cotton yarn industry. She co-founded Avi Ansh Enterprises Private Limited in 2005. In 2012, she helped her husband Mr. Anil Kumar Jain in their acquired Company i.e. Avi Ansh Textile Limited alongside her husband. Geeta Jain is also a co-founder of G.A. Alloys Private Limited (established in 2008), S. J Metals Private Limited (established in 2008), Arihant Yarn Fab Private Limited (established in 2010), and Hi-choice Real Estate Private Limited (established in 2009). Vinay Bansal Independent Director at Avi Ansh Textile Limited. A fellow member of Institute of Chartered Accountants of India and commerce graduate from Shri Ram College Delhi University. Certified Internal Auditor & Certified Financial Services auditor from Institute of Internal Auditors – USA and also a certified Information systems auditor from ISACA – USA, Master in Business Finance from Institute of Chartered Accountants of India. Also, an insolvency professional duly registered with Insolvency and bankruptcy Code of India and registered Independent Director with ROC. Having more than 19 years of experience in the fields of Audits, assurance, Risk Advisory Services, corporate restructuring across various industries.

Financials of Avi Ansh Textile Limited IPO: 

To be updated shortly.

Comparison With Peers:

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Recommendation on Avi Ansh Textile Limited IPO:

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Lead Manager of Avi Ansh Textile Limited IPO:

  1. 3Dimension Capital Services Limited

Registrar of Avi Ansh Textile Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Avi Ansh Textile Limited 402, 4th Floor Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, North West-Delhi Phone: +91-11-4142-52 Email: avianshanil@rediffmail.com Website: https://www.avianshgroup.com/

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