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Anand Rayons IPO is a fixed price issue of Rs 12.66 crores.
Anand Rayons IPO bidding started from June 18, 2019 and ended on June 24, 2019. The shares got listed on BSE SME on July 2, 2019.
Anand Rayons IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Guiness Corporate Advisors Pvt Ltd is the book running lead manager of the Anand Rayons IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Anand Rayons IPO RHP for detailed information.
| IPO Date | June 18, 2019 to June 24, 2019 |
| Listing Date | July 2, 2019 |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,688,000 shares (aggregating up to ₹12.66 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 240,000 shares |
Anand Rayons IPO offers 4,688,000 shares. 2,224,000 (47.44%) to NII, 2,224,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 240,000 (5.12%) |
| Other Shares Offered | 2,224,000 (47.44%) |
| Retail Shares Offered | 2,224,000 (47.44%) |
| Total Shares Offered | 4,688,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
| Lot Size Calculator | |||
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.
[Dilip Davda]
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 June 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) |
|---|---|
| Other | 1.86 |
| Retail | 0.48 |
| Total | 1.17 |
| Listing Date | July 2, 2019 |
| BSE Script Code | 542721 |
| NSE Symbol | |
| ISIN | INE02GA01012 |
| Final Issue Price | ₹27 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹27.00 |
| ₹28.25 |
| ₹27.05 |
| ₹28.25 |
| ₹27.20 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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 June 18, 2019, and closes on June 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 June 18, 2019 and closes on June 24, 2019.
Anand Rayons IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
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, Nuvama, 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 Monday, July 1, 2019. Check the Anand Rayons IPO allotment status.
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