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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.
| 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.
| Anand Rayons IPO Date | Jun 18, 2019 to Jun 24, 2019 |
| Anand Rayons IPO Face Value | ₹10 per share |
| Anand Rayons IPO Price | ₹27 per share |
| Anand Rayons IPO Lot Size | 4000 Shares |
| Issue Size | 4,688,000 shares of ₹10 (aggregating up to ₹12.66 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Anand Bakshi is the promoter of the company. |
The Anand Rayons IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
The textile segment is not fancied by investors in the given scenario. The issue is priced very aggressively. Guiness group has a topsy-turvy background. Considering all these facts, it is better to skip this issue.
Read detail review...The Anand Rayons IPO is subscribed 1.17 times on Jun 24, 2019 6:49:04 PM. The public issue subscribed 0.48 times in the retail category, times in the QIB category, and 1.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.86 |
| Retail | 0.48 |
| Total | 1.17 |
| Listing Date | Tuesday, July 2, 2019 |
| BSE Script Code | 542721 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE02GA01012 |
| IPO Price | ₹27 per share |
| Face Value | ₹10 per share |
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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
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 is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
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 lot size is 4000 Shares and the minimum order quantity is .
You can apply in Anand Rayons IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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