Avi Ansh Textile IPO allotment to be finalised on September 25: Steps to check status online

Avi Ansh Textile Limited IPO share allotment status is expected to be finalised on Wednesday, September 25.

The investors are waiting for the company to decide the IPO share allotment status after the issue closed for bidding with a decent demand on Tuesday, September 24.

Avi Ansh Textile IPO received bids for more than 3.38 crore shares against 39.81 lakh shares on offer, resulting in an oversubscription of 8.49 times. The IPO was subscribed 5.37 times in the Non-Institutional Investors (NIIs) category and the retail quota was booked 11.61 times.

The investors who applied for the IPO can check the allotment status on the websites of the issue registrar Skyline Financial Services Private Ltd and the NSE.

Steps to check Avi Ansh Textile IPO share allotment status on NSE:

• Go to the IPO allotment status section on the NSE website: https://www.NSEindia.com/investors/appli_check.aspx
• Select ‘equity’ as the issue type.
• Choose ‘Avi Ansh Textile’ from the dropdown menu for issue names.
• Type in your IPO application number or PAN
• Click on the ‘I am not a Robot’ checkbox
• Click the ‘submit’ button

Your share allotment details will be shown on the screen. It’s important to note that the company name will appear on the NSE website only after the share allocation is finalised.

Here’s how to check Avi Ansh Textile IPO share allotment on the registrar's website

• Go to the official website of Skyline Financial Services Pvt Ltd: https://www.skylinerta.com
• Go to Investors section on the main menu
• Click on Public Issues
• From the drop-down list, select ‘Avi Ansh Textile’
• Type in your Client ID, Application No or PAN details
• Click the Search button

After finalising the share allotment status, Avi Ansh Textile will initiate refunds for non-allottees on Thursday, September 26, and shares will be credited to the Demat accounts of successful bidders the same day. The shares of the company are set to debut on the NSE SME platform, Emerge. The IPO listing date for the company has been tentatively fixed as September 27.

Avi Ansh Textile IPO details

The IPO, a fixed price issue worth ₹25.99 crore, consisted of an entirely fresh issuance of 41.92 lakh shares.

The IPO's price band was fixed at ₹62 per share. The minimum lot size for retail investors was fixed at 2,000 shares, aggregating to an investment of ₹1,24,000.

Avi Ansh Textile IPO objective

The company plans to use the proceeds from the public issue to meet its working capital requirements and term loan repayments. It will also use a portion of the funds for general corporate purposes.

About Avi Ansh Textile India Limited

Avi Ansh Textile India Limited was incorporated in April 2005. The company manufactures and exports 1 combed and carded cotton yarn. The company’s factories have a total capacity of 26,000 spindles, producing approximately 4,500 metric tons of cotton yarn annually. The company employed 281 people across departments as of September 2024.