New Delhi, September 25, 2024 – Avi Ansh Textile Limited, a prominent player in the cotton yarn manufacturing sector, has successfully concluded its IPO allotment process. Investors who participated in what was a significant SME IPO can now check their allotment status on the official website or through designated financial platforms.
Key Details of Avi Ansh Textile Limited IPO:
- IPO Dates: The issue was open for subscription from September 20 to September 24, 2024.
- Issue Size: The company aimed to raise approximately ₹25.99 crores through a fresh issue of 41.92 lakh equity shares at ₹62 per share.
- Allotment Date: The finalization of the basis of allotment occurred today, September 25, 2024.
- Listing Date: Shares are expected to be credited to demat accounts by September 26, 2024, with the tentative listing date set for September 27, 2024, on the NSE SME platform.
Allotment Process and Expectations:
The allotment process for Avi Ansh Textile Limited’s IPO was eagerly anticipated due to the company’s robust financial health and significant market potential. The textile sector’s growth, coupled with Avi Ansh’s strategic positioning, made this IPO particularly attractive to investors.
- Investor Sentiment: Given the SME sector’s volatility, retail and HNI investors were closely monitoring the allotment odds, with expectations varying widely due to the subscription rate which was reported at 3.16 times on the final day.
- Allotment Status: Investors can check their allotment status by visiting the designated section on our website, “iponow.site,” under the “IPO Allotment” page. Here, they can find a direct link to verify if they have been allotted shares and the number of shares received.
The sentiment among investors post-allotment seems optimistic, with many banking on Avi Ansh Textile Limited’s strong fundamentals and the broader market’s appetite for quality SME stocks.
