Avi Ansh Textile Ltd - IPO

Avi Ansh Textile Ltd IPO Details

Public issue of 41,92,000 equity shares of face value of Rs. 10 each (Equity Shares) of Avi Ansh Textile Limited (the Company or the Issuer) for cash at a price of Rs. 62/- per equity (the Issue Price) aggregating to Rs. 25.99 crores (The Issue) of which 2,12,000 equity share face value of Rs. 10 each for cash at a price of Rs. 62 equity share including premium of Rs. 52 per equity shares aggregating to Rs. 1.31 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 39,80,000 equity share face value of Rs. 10 each at a cash price of Rs. 62 per equity share including premium of Rs. 52 per equity share aggregating to Rs. 24.68 crores (the Net Issue). The issue and the net issue will constitute 30% and 28.47% respectively of the post issue paid up equity share capital of the company.

Objective of issue

Term Loan Reapayment. Funding of working capital requirement of the company. General corporate purposes.

Avi Ansh Textile Ltd Contact Details

Avi Ansh Textile Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - avianshanil@rediffmail.com

Website - www.avianshgroup.com