Avi Ansh Textile IPO: Avi Ansh Textile Ltd’s IPO was open to investments on September 20th. Equity shares of the company are listed through NSE SME. The offer is a fresh issue of 41.94 lakh shares altogether to raise Rs 26 crore from the market.
The SME IPO was subscribed 1.16 times on Friday (the first day). The price band for the share has been set at 60 rupees per share.
This IPO has been attended 4.08 times to date. Let us tell you that Avi Ansh Textile Ltd is a textile company.
What Is The Ongoing GMP?
According to the stock market analyst, Avi Ansh Textile IPO GMP is at a premium of ₹8. This shows that the share of Avi Ansh Textile are trading at ₹70 per share with a gain of ₹8 in the gray market.
This is 12% higher than the IPO price of ₹62 per share. Let us tell you that earlier on Sunday its GMP was at a premium of Rs 10 and before that, it was at a premium of Rs 12. The date for the possible listing of the share of the company could be September 27.
What Are The Specifics?
The status of the share allotment for Avi Ansh Textiles’s IPO is expected to be completed on the 25th of September.
After that it is over, refunds will be issued for non-allotters. The share will be credited to the demat accounts of bidders who won on the 26th of September.
After this, refunds will be initiated for non-allotters and shares will be credited to the demat accounts of successful bidders on September 26.
The company has appointed Skyline Financial Services Pvt. Ltd. as the registrar to the issue while 3Dimension Capital Services Limited is the book-running lead manager of AV Ansh Textiles IPO. Nikunj Stock Brokers Limited is the market maker for this offer.
Quick Fact
| Company name | Avi Ansh Textile |
|---|---|
| IPO Type | SME IPO |
| Total shares | 41.94 lakh |
| Total IPO value | ₹26 crore |
| Price per share | ₹60 |
| Possible listing date | September 27 |
| IPO subscription (first day) | 1.16 times |
| Current subscription | 4.08 times |
| Possible target GMP price | ₹70 |
| Possible GMP gain | ₹8 |
| Possible GMP gain (%) | 12% |
| IPO registrar | Skyline Financial Services Pvt. Ltd. |
| Lead manager | 3Dimension Capital Services Limited |
| Market maker | Nikunj Stock Brokers Limited |
| Share allotment date | September 25 |
| Refunds for non-allottees | September 26 |
| Shares credited to demat accounts | September 26 |
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