Anand Rayons Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,224,000 (47%) | — | ₹600 Cr |
| Retail | — | 2,224,000 (47%) | — | ₹600 Cr |
| Market Maker | — | 240,000 (5%) | — | ₹6 Cr |
| Σ Total | — | 4,688,000 (100%) | — | ₹12,658 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹108,000 |
| Retail (Max) | 13 | 52,000 | ₹1,404,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,512,000 |
| B-HNI (Min) | 67 | 268,000 | ₹7,236,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Jan-19 | 31-Mar-18 | 31-Dec-17 |
|---|---|---|---|
| Revenue | 23,176 | 25,959 | 27,062 |
| Profit After Tax | 172 | 145 | 105 |
| Total Assets | 6,103 | 5,942 | 5,809 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Incremental Working capital requirements – 8.75
- 2 General Corporate Purpose – 3.16
- 3 Public Issue Expenses – 0.75
Company Overview
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.