Avi Ansh Textile shares list at 10% premium over IPO price on NSE SME platform

The shares of Avi Ansh Textile debuted on the NSE SME platform at a premium of 9.7% on Friday. The stock listed at Rs 68 as against an issue price of Rs 62. Ahead of the listing, the company's shares were trading with a marginal GMP of Rs 2 in the grey market.

This indicated a likely listing premium of 3% over the issue price, which was fixed at Rs 62 at the upper end.

However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.


The company has been operating in the yarn sector since 2005 and has established a presence as a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts.

Branded as Pooja Gold, the company claims its yarn reflects meticulous craftsmanship, offering unparalleled softness, strength, and versatility.

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Additionally, it is vertically integrated into the knitting division, producing superior quality fabrics in dyed and greige variants, delivered within promised timelines.

Equipped with high-speed automatic circular knitting machines, the company's fabric division can knit 1,800 MT per annum of various fabric types.

Cotton Production in India is projected to reach 7.2 million tonnes by 2030, driven by increasing demand from consumers. India’s textile and apparel exports (including handicrafts) stood at $44.4 billion in FY22, a 41% increase YoY. India is targeting to reach $250 billion in textiles production and $100 billion in exports by 2030.

The sector has policy support as 100% FDI (automatic route) is allowed in textiles. There is also a production-linked incentive (PLI) scheme worth Rs 10,683 crore ($1.44 billion) for manmade fibre and technical textiles over a five-year period.

As per restated financial statements for the fiscal 2024, 2023, 2022, and 2021, company's total revenue was Rs 142.14 crore, Rs 121.49 crore, Rs 120.16 crore and Rs 72.64 crore, respectively. Its profit (loss) after tax for the similar period mentioned above was Rs 3.31 crore, Rs 28.78 lakh, Rs 1.55 crore and Rs 68.20 lakh.