About Avi Ansh Textile Limited:

Founded in 2012 in Punjab, Avi Ansh Textile Ltd. has established itself as a top manufacturer and exporter of 100% cotton yarn. The company uses advanced technology to conduct thorough quality checks on its products to ensure they meet high standards. With a focus on quality, Avi Ansh Textile is committed to delivering the best to its customers. 

 

The driving force behind the company includes a diverse group of promoters: Anil Kumar Jain, Geeta Jain, Avi Jain, and S.C. Jain(HUF). Additionally, A.K. Jain(HUF), Sanjeev Mittal(HUF), Ramesh Mittal(HUF), Akanksha Jain, and Ansh Jain contribute to its dynamic leadership and vision. Avi Ansh Textile group companies are G.A. Alloys Pvt Ltd, S.J. Metals Pvt Ltd, Arihant Yarn Fab Pvt Ltd, and HI Choice Real Estate Pvt Ltd. 

 

The company operates spinning factories with a total capacity of 26,000 spindles, producing about 4,500 MT of cotton yarn each year, with counts ranging from 20s and 40s. Every yarn produced meets the highest quality standards, ensuring customers receive only the best products. The services provided by the company are Spinning, Knitting, and Garmenting. Avi Ansh Textile offers products like Yarn, Fabric, and Garments.

 

The Grey Market Price (GMP) is ₹2 per share on the last day of the subscription. 

 

For the financial year 2024, the company’s revenue increased by 17%, and Profit After Tax (PAT) rose by 1053%. 

 

IPO Details:

Face Value: ₹10 per share
Price: ₹62 per share 

Lot Size: 2000 shares 

Fresh Issue: 4,192,000 shares

Listing Date: September 27, 2024

 

About Phoenix Overseas Limited:

Phoenix Overseas Ltd was established in 2002. It trades and markets a variety of products, including animal feeds, agricultural goods, and commodities. The company makes bags for both men and women using materials like jute, cotton, canvas, & leather, along with a range of other fashion accessories. 

 

They offer items such as corn, oil cakes, dry red chilies, coriander, cumin seeds, food grains, tea, pulses, soybean meal, and rice bran de-oiled cake. Since then its leaders have viewed innovation as the key to breaking barriers. This commitment allows them to offer clients the highest quality products at the best price.  

 

The company is a trading house that strongly believes in collaborative growth, which has helped it become a successful business group. It operates in various sectors, including exporting commodities, manufacturing and exporting jute bags and handicrafts, and managing multipurpose cold storage facilities, including dedicated potato cold storage. 

 

The company is backed by a strong team of promoters, including Aparesh Nandi, Jayanta Kumar Ghosh, and Uday Narayan Singh. 

 

Phoenix Overseas also receives support from its group companies: BCPL Railway Infrastructure Limited, AN Dealers LLP(Limited Liability Partnership), JKG Commercial LLP, UNS Commercial LLP, Tricon Logistics Engineering Consultancy Pvt Ltd, and the Kanhai Singh Welfare Trust, all contributing to its success and growth. 

 

The Grey Market Price (GMP) is ₹30 per share on its third day of subscription. 

 

For the financial year 2024, the company’s revenue increased by 22%, and Profit After Tax (PAT) rose by 46%. 

 

IPO Details:

Face Value: ₹10 per share

Price Band: ₹61 to ₹64 per share 

Lot Size: 2000 shares 

Fresh Issue: 4,580,000 shares

Listing Date: September 27, 2024

 

About S.D Retail Limited

 

S.D Retail Ltd founded in 2004 creates, manufactures, and sells sleepwear under the brand ‘Sweet Dreams’. It provides stylish, comfortable sleepwear for men, women, and kids aged 4 to 16 years, with fits tailored to different body types for maximum comfort.  

 

The company sells its products through various channels, including distributors, exclusive brand outlets, multi-brand outlets, and popular e-commerce platforms like Amazon, Nykaa, Myntra, Ajio, and Flipkart. The company’s products are available both in India and Internationally through their websites as well. 

 

The company is led by its promoters, Mr. Hitesh Pravinchandra Ruparelia and Mr. Utpalbhai Pravinchandra Ruparelia, along with Sweet Dreams Loungewear(India) LLP (Limited Liability Partnership) and Grace Garments LLP, together they drive the brand’s vision and growth. 

 

The Grey Market Price (GMP) is ₹30 per share on the last day of the subscription. 

 

For the financial year 2024, the company’s revenue increased by 20%, and Profit After Tax(PAT) rose by 77%. 

 

IPO Details:

Face Value: ₹10 per share

Price Band: ₹124 to ₹131 per share 

Lot Size: 1000 shares 

Fresh Issue: 4,960,000 shares

Listing Date: September 27, 2024

 

Conclusion: 

The IPOs Avi Ansh Textiles, Phoenix Overseas, & R.D Retail offer an incredible opportunity for investors to dive into vibrant sectors like textiles, exports, and retail. Mark your calendars for September 27, 2024. With solid financials and a clear roadmap for growth, these IPOs give you the perfect opportunity to diversify your investments and support companies ready for sustained success. All are listed on the NSE SME platform. 

 

Check out the IPOs Performance in 2024 So Far and know the process of IPO in India. Your willingness to invest must consider How to Apply for an IPO. Also, watch why you should invest in an IPO. 

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.