Avi Ansh Textile IPO Day 1: 37% Subscribed with Strong Retail Interest – Latest GMP and Key Details Revealed
The initial public offering (IPO) of Avi Ansh Textile, a company that manufactures cotton yarn, opened for public subscription on Friday. Through this IPO, the company aims to raise about ₹26 crore from the market.
This is an SME (Small and Medium Enterprise) IPO and will be available for subscription until September 24. Once completed, the company’s shares will be listed on the NSE SME platform.
Avi Ansh Textile IPO Subscription Update
As of the first day of bidding (Friday), the Avi Ansh Textile IPO has been subscribed 37% (0.37 times). Investors have placed bids for 14.86 lakh equity shares, out of the 39.81 lakh shares that are on offer, according to data collected up until 2:30 PM.
The IPO has seen higher interest from retail investors, with this category being subscribed 0.53 times. On the other hand, the Non-Institutional Investors (NII) category is subscribed 0.22 times so far.
Grey Market Premium (GMP) for Avi Ansh Textile IPO
Today, the grey market premium (GMP) for the Avi Ansh Textile IPO is ₹12 per share, according to stock market analysts. This indicates that the shares are trading at ₹74 per share in the grey market, which is ₹12 higher than the issue price of ₹62 per share, reflecting a 19.35% premium.
Key Details of the Avi Ansh Textile IPO
- IPO Opening Date: September 20 (Friday)
- IPO Closing Date: September 24 (Tuesday)
- Allotment Finalization Date: September 25
- Listing Date: September 27
- IPO Price: ₹62 per share
- Total Shares on Offer: 41.92 lakh equity shares
- IPO Lot Size: 2,000 shares
- Minimum Investment (Retail): ₹1,24,000
The company is raising ₹25.99 crore through this IPO, which consists entirely of a fresh issue of shares. The funds raised will be used for working capital, repayment of loans, and other general corporate purposes.
3Dimension Capital Services is managing the IPO, and Skyline Financial Services Private Ltd is handling the share allotment and related processes.
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