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Anand Rayons Limited IPO (Anand Rayons IPO) Detail

Jun 18, 2019 - Jun 24, 2019

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.

Company Promoters:

Mr. Anand Bakshi is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The objects of the Issue are:

1. Incremental Working capital requirements
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.

Anand Rayons IPO Details

Issue OpenJun 18, 2019 - Jun 24, 2019
Issue TypeFixed Price Issue IPO
Issue Size4,688,000 Eq Shares of Rs 10
(aggregating up to Rs 12.66 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 27 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Anand Rayons IPO Subscription Status (Bidding Detail)

Anand Rayons IPO how much subscribed?

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

Anand Rayons IPO Prospectus

Anand Rayons IPO Rating

31
3.5
Rating:Rated 3.5 stars

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Anand Rayons IPO Listing Date

Listing DateTuesday, July 2, 2019
BSE Script Code542721
NSE Symbol
Listing InMT
ISININE02GA01012
Issue PriceRs 27 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 27.00
Rs 28.25
Rs 27.05
Rs 28.25
Rs 27.20
36,000

Anand Rayons IPO Reviews / Ratings

Company Contact Information

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/

Anand Rayons IPO Registrar

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

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Anand Rayons IPO Review / Comments

RAJAKUMAR
15. RAJAKUMAR  Jul 2, 2019 09:45 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Sold at 28.25
Dinesh Singh
15.1. Dinesh Singh  Jul 2, 2019 09:52 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Congratulations Raja.. For Profit.
Small Investor
15.2. Small Investor  Jul 2, 2019 10:47 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
i also sold @ 28.25 early morning but i think this stock will give good return yet
RAJAKUMAR
14. RAJAKUMAR  Jun 21, 2019 14:22 I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Whenever retail applicant is less that counter performs well on listing day.
Small Investor
14.5. Small Investor  Jun 24, 2019 13:53 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
axita cotton now trade 90+ its a textile company
yha sme me fundamentals koi mayne nhi rkhta h mayne rkhta h to wo h Operators kuch ipo h jo kafi acha return de rhe h
shubhlaxmi jewels
axita cotton
artemes ele
evens ele.
white org.
and much more co.
Small Investor
14.6. Small Investor  Jul 1, 2019 10:50 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Rajakumar
In this Stock Almost 3440000 share allote to HNI and Only 1008000 allotted to Retailers
i think this stock will give very good return on listing and after post listing
Small Investor
13. Small Investor  Jun 28, 2019 15:45 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Firm Allotment and got 1
Small Investor
12. Small Investor  Jun 24, 2019 16:50 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Apply 1 lot and got 1 lot
listing may be 28-29
Small Investor
11. Small Investor  Jun 21, 2019 10:49 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Rajakumar Dinesh and Other Forum Members are Apply in this Ipo
Dinesh Singh
11.1. Dinesh Singh  Jun 21, 2019 17:43 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Due to heavy loss in Suich, I have taken retirement from all SME IPO.
Will never apply in SPE IPO again in my life time.
It's purely gambling.
Small Investor
11.2. Small Investor  Jun 21, 2019 17:47 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
i also hold 1 lot of Suich but i will apply in Anand Ray.HNI Will interested in this ipo so far
RAJAKUMAR
10. RAJAKUMAR  Jun 21, 2019 14:21 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Applied one lot.
Hiteshji
9. Hiteshji  Jun 14, 2019 20:22 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Avoid all sme. Teach lesson and safe your money.
deepcdsl
9.1. deepcdsl  Jun 15, 2019 20:12 I Like It. 1 | Report Abuse
True...
Carn Mohan
8. Carn Mohan  Jun 15, 2019 15:59 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
My friend who was investor of SME IPOs and applying 3,4 applications past 2 years his accumulated loss is now ₹ 800000/-
Aviralguptak
8.1. Aviralguptak  Jun 15, 2019 19:39 I Like It. 2 | Report Abuse
Sebi govt and exchange sleeping
When they know 50 pc of money invested is of retailer
A time will come soon when no one will apply in new sme ipo
There is no rules or any steps taken to check quality of scripts. It seems govt. Is saying any nukkad can come and collect momey from innocent retailer. Shame . Hope this voice is raised. I am going to raise a petition and can you all who suffered recently sign this petition so no lootera company lootera lead manager is washed out. First overseas is biggest lootera lead manager. Guinness is next. How both of these are allowed to come with new issues
deepcdsl
8.2. deepcdsl  Jun 15, 2019 20:11 I Like It. 1 | Report Abuse
8 lacs loss in 2 years...very sad...sub bad SME kisine apply nahi karna chahiye...
Aviralguptak
7. Aviralguptak  Jun 13, 2019 22:04 I Like It. 1 | Report Abuse Reply
https://www.zeebiz.com/agencies/sebi-bans-guiness-securities-35-others-from-securities-market-76646. SEBI has banned guineas twice due to fraudulent activities . Now what changed recently that it renewed. How is it coincidence that after banning guineas all its new issue alike angel fiber, jhandewala food, Riddhi steel and tube,ang life science which were good companies crashed. Clearlhows it was sold in open market w. Even wa solar another guineas issues. Please save urself from such LM
Small Investor
7.1. Small Investor  Jun 14, 2019 11:20 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
sir jb Sebi ne Ban kr diya h to Phir IPO kese Manage kr rhe h LM
Aviralguptak
7.2. Aviralguptak  Jun 14, 2019 15:00 I Like It. 1 | Report Abuse
guiness ko piase ki zaroorat hai

he has not made payment and was banned
will collect money from innocent retailer and make payment

exchange also helping them
Aviralguptak
6. Aviralguptak  Jun 14, 2019 08:54 I Like It. 1 | Report Abuse Reply
SAME lead manager Guiness came with ANGEL fiber at 27 rs. same textile sector and same price

ANGEL fiber is now at 9 rs.

yeh public bevkoof hai. phir bhi kuch bakre phas jayenge
Aviralguptak
5. Aviralguptak  Jun 12, 2019 15:40 I Like It. | Report Abuse Reply
Guinness has been banned by sebi recently. Please avoid any Guinness issues completely
Similar issue from.guuness like Angel fiver came at 27 rd is now available at 9 rs. Same with was solar jhandewala and many others.
Aviralguptak
5.5. Aviralguptak  Jun 13, 2019 21:55 I Like It. | Report Abuse
Stock predictor you have comment on be films that it has done price manipulation
Do you have any proof. Chittorgarj team please check comments of such people who make wrong comments on companies without any proof
Does he have any proof out was involved in price manipulation
deepcdsl
5.6. deepcdsl  Jun 13, 2019 22:02 I Like It. | Report Abuse
SME ipo main SEBI involvement is less...LM to deal with exchange either BSE or NSE...
Rahi bath comments karane ki...SEBI really not doing his job properly...if exchange doing something wrong SEBI not really worry... everyone knows...

@Stock predictor Apana attitude apane pass rakh...Admin knows what is allowed in this forum and what is not...this is more open forum than public forum...
KING VINOD
4. KING VINOD  Jun 13, 2019 13:04 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
It Looks like reasonable price
GrowYourMoney
3. GrowYourMoney  Jun 13, 2019 11:02 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
None of such Cos created wealth for Investors
Darsh ipo
2. Darsh ipo  Jun 11, 2019 22:49 I Like It. 1 | Report Abuse Reply
Waa solar wala hi LM hai issue price 161 and last rate was 38 rs ..
Dinesh Singh
1. Dinesh Singh  Jun 11, 2019 20:01 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
LM track record is very good.
All past issues list at premium.



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