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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 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

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 Size4,688,000 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.

Anand Rayons IPO Lot Size

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

Anand Rayons IPO Review

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...


Anand Rayons IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII1.86
Retail0.48
Total1.17

Anand Rayons IPO Prospectus

Anand Rayons IPO Rating

31
3.5
Rating:Rated 3.5 stars
Vote Here ...

Anand Rayons IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹27.00
₹28.25
₹27.05
₹28.25
₹27.20

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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Anand Rayons IPO Review

Anand Rayons IPO Recommendation Summary

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Members 0 0 0

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Anand Rayons IPO FAQs

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.

The Anand Rayons IPO listing date is on Tuesday, July 2, 2019.
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Anand Rayons IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

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36 Comments

15. RAJAKUMAR |   Link |Jul 2, 2019 9:45:46 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
Sold at 28.25
15.1. Dinesh Singh |   Link |Jul 2, 2019 9:52:53 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Congratulations Raja.. For Profit.
15.2. Small Investor |   Link |Jul 2, 2019 10:47:13 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i also sold @ 28.25 early morning but i think this stock will give good return yet
14. Small Investor |   Link |Jun 28, 2019 3:45:49 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Firm Allotment and got 1
13. Small Investor |   Link |Jun 24, 2019 4:50:32 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Apply 1 lot and got 1 lot
listing may be 28-29
12. RAJAKUMAR |   Link |Jun 21, 2019 2:22:38 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
Whenever retail applicant is less that counter performs well on listing day.
12.5. Small Investor |   Link |Jun 24, 2019 1:53:28 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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.
12.6. Small Investor |   Link |Jul 1, 2019 10:50:37 AM
IPO Guru IPO Guru (1600+ Posts, 900+ 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
11. Small Investor |   Link |Jun 21, 2019 10:49:21 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajakumar Dinesh and Other Forum Members are Apply in this Ipo
11.1. Dinesh Singh |   Link |Jun 21, 2019 5:43:10 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
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.
11.2. Small Investor |   Link |Jun 21, 2019 5:47:53 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i also hold 1 lot of Suich but i will apply in Anand Ray.HNI Will interested in this ipo so far
10. RAJAKUMAR |   Link |Jun 21, 2019 2:21:13 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
Applied one lot.
9. Hiteshji |   Link |Jun 14, 2019 8:22:13 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Avoid all sme. Teach lesson and safe your money.
9.1. deepcdsl |   Link |Jun 15, 2019 8:12:35 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
True...
8. Carn Mohan |   Link |Jun 15, 2019 3:59:47 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
My friend who was investor of SME IPOs and applying 3,4 applications past 2 years his accumulated loss is now Rs 800000/-
8.1. Aviralguptak |   Link |Jun 15, 2019 7:39:34 PM
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
8.2. deepcdsl |   Link |Jun 15, 2019 8:11:44 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
8 lacs loss in 2 years...very sad...sub bad SME kisine apply nahi karna chahiye...
7. Aviralguptak |   Link |Jun 13, 2019 10:04:48 PM
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
7.1. Small Investor |   Link |Jun 14, 2019 11:20:27 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
sir jb Sebi ne Ban kr diya h to Phir IPO kese Manage kr rhe h LM
7.2. Aviralguptak |   Link |Jun 14, 2019 3:00:56 PM
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
6. Aviralguptak |   Link |Jun 14, 2019 8:54:41 AM
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
5. Aviralguptak |   Link |Jun 12, 2019 3:40:09 PM
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.
5.5. Aviralguptak |   Link |Jun 13, 2019 9:55:03 PM
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
5.6. deepcdsl |   Link |Jun 13, 2019 10:02:20 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
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...
4. KING VINOD |   Link |Jun 13, 2019 1:04:55 PM
IPO Guru IPO Guru (1700+ Posts, 3400+ Likes)
It Looks like reasonable price
3. GrowYourMoney |   Link |Jun 13, 2019 11:02:21 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
None of such Cos created wealth for Investors
2. Darsh ipo |   Link |Jun 11, 2019 10:49:14 PM
Waa solar wala hi LM hai issue price 161 and last rate was 38 rs ..
1. Dinesh Singh |   Link |Jun 11, 2019 8:01:06 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
LM track record is very good.
All past issues list at premium.