Incorporated in 1987, Anand Rayons Limited was an idea of Mr Gokul Bakshi. It is engaged in trading of yarn and value-added yarns including polyester filament yarns, nylon yarns, fancy yarns and dope dyed yarns. Initially, the company had only one dealer for the polyester yarn that is Reliance Industries Limited to trade in and around Surat, Gujarat.
Now, the company has also extended dealership network with JCT Limited for Nylon Yarn, and Indorama Synthetics India Limited, Filatex India Limited and Garden Silk Mills Limited for Polyester Yarn.
The yarns traded by the company has wide application in the weaving of sarees, yarn dyeing, Elastic tapes, carpets, and dress & shirting materials.
As the company is trading in and around Surat only, it is planning to expand yarn trading business in other states such as Maharashtra, Delhi, Karnataka and Uttar Pradesh as well. The R&D team of the company is also working on twisted yarn, Sheath- Core yarn, Bi-Shrinkage yarn for GEO-textiles to expand the business.
The competitive strengths of the company are:
1. Specialization in trading of yarns and value-added yarns.
2. Strong dealership with Reliance Industries Ltd for 31+ years.
3. A sound relationship with spinners & customers.
Mr. Anand Bakshi is the promoter of the company.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Jan-19 | 31-Mar-18 | 31-Dec-17 | 31-Mar-16 | ||
| Total Assets | 6,103.46 | 5,942.08 | 5,809.05 | 3,796.06 | |
| Total Revenue | 23,176.44 | 25,959.08 | 27,062.38 | 21,992.23 | |
| Profit After Tax | 172.41 | 145.14 | 104.70 | 45.73 | |
The objects of the Issue are:
1. Incremental Working capital requirements
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
| IPO Date | Jun 18, 2019 - Jun 24, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 4,688,000 Eq Shares of ₹10 (aggregating up to ₹12.66 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹27 Per Equity Share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108,000 |
| Maximum | 1 | 4000 | ₹108,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 2,224,000 | 2,224,000 | 4,448,000 |
Jun 24, 2019 18:49 | 1.86x | 0.48x | 1.17x |
| Listing Date | Tuesday, July 2, 2019 |
| BSE Script Code | 542721 |
| NSE Symbol | |
| Listing In | MT |
| ISIN | INE02GA01012 |
| IPO Price | ₹27 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Anand Rayons Limited
305-306, Jay Sagar Complex
Opp. Sub Jail, Khatodra,
Surat-395002 Gujarat
Phone: 0261-2635521
Email: anandrayonsltd@gmail.com
Website: http://www.anandrayons.com/
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Anand Rayons IPO is a SME IPO of 4,688,000 equity shares of the face value of ₹10 aggregating up to ₹12.66 Crores.
The issue price of the IPO is ₹27 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Jun 18, 2019 and closes on Jun 24, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Anand Rayons IPO opens on Jun 18, 2019 and closes on Jun 24, 2019.
Anand Rayons IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Anand Rayons IPO will be done on [.], and the allotted shares will be credited to your demat account by Jul 1, 2019. Check the Anand Rayons IPO allotment status.
Anand Rayons IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
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