Basis of Allotment |
(THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT)
AVI ANSH TEXTILE LIMITED |
CIN: U17110DL2005PLC260403 |
The Company was originally incorporated as Rajneesh Spinners Private Limited on 27th April, 2005 as a Private Limited Company under Companies Act, 1956 with the Registrar of Companies Punjab, H .P. & Chandigarh. Furtherly, pursuant to the Special Resolution of our Shareholders passed in the Extra Ordinary General Meeting held on 28th November 2013, the name of our company was changed to "Avi Ansh Textile Private Limited" and a fresh certificate of Incorporation dated 16th December, 2013 with the Registrar of Companies, Delhi. In 2023, pursuant to a special Resolution of our Shareholders passed in the Extra-Ordinary General Meeting held on 30th November, 2023, our company was converted from a private limited company to a public limited company and consequently, the name of our company was changed to "Avi Ansh Textile Limited'" and a fresh certificate of Incorporation dated 3rd January, 2024 by the Registrar of Companies, Delhi. The Corporate Identification number of our Company is U17110DL2005PLC260403.For details of change in name and registered office of our Company, please refer to chapter titled "HISTORY AND CORPORATE MATTERS" beginning on page no. 141 of the Prospectus
Registered Office: 402,4th Floor, Aggarwal Cyber Plaza-I Netaji Subhash Place, Pitampura, North West, Delhi, India-110034 |
Website: www.avianshgroup.com; E-Mail: avianshanil@rediffmail.com, Telephone No:: +91-11-4142-5247 |
Company Secretary and Compliance Officer: Mrs. Isha |
PROMOTERS OF OUR COMPANY: Anil Kumar Jain, Geeta Jain, Avi Jain, G A Alloys Private Limited, S J Metals Private Limited, A K Jain. (HUF), Sanjeev Mittal HUF., Ramesh Mittal HUF ., S C Jain. (HUF), Arihant Yam Fab Private Limited, Akanksha Jain, Ansh Jain |
Our Company is engaged in the manufacturing of high quality yams such as 100% Carded Cotton, 100% Combed cotton, Short, medium, long slub yam produced With specific patterns and Additionally, we've vertically integrated into the knitting division, producing superior quality fabrics in dyed and greige variants and has entered into garmenting business in 2024.
BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 41,92,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH (" EQUITY SHARES" ) OF AVI ANSH TEXTILE LIMITED (THE " COMPANY" OR THE " ISSUER") FOR CASH AT A PRICE OF Rs. 62/- PER EQUITY (THE " ISSUE PRICE") AGGREGATING TO Rs. 2599.04 LAKH (" THE ISSUE" ) COMPRISING OF A FRESH ISSUE OF 41,92,000 EQUITY SHARES AGGREGATING TO Rs. 2599.04 LAKH (THE " FRESH ISSUE" ) OF WHICH 2,12,000 EQUITY SHARES AGGREGATING TO Rs. 131.44 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE " MARKET MAKER RESERVATION PORTION" ). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 39,80,000 EQUITY SHARES AGGREGATING TO Rs. 2467.60 LAKH (THE " NET ISSUE" ). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30% AND 28.47% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS ISSUE IS BEING IN TERMS OF CHAPTER IX OF THE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIERMENTS) REGULATIONS, 2018, AS AMENDED FROM TIME TO TIME. (FIXED PRICE ISSUE) |
For further details, please refer chapter titled "Terms of The Issue" beginning on Page No. 235 of the Prospectus. |
THE FACE VALUE OF THE EQUITY SHARES IS T10 EACH AND THE ISSUE PRICE IS Rs. 62. THE ISSUE PRICE IS APPROXIMATELY 6.2 TIMES OF THE FACE VALUE. |
ISSUE OPENED ON: FRIDAY, 20th SEPTEMBER, 2024 AND ISSUE CLOSED ON: TUESDAY,24th SEPTEMBER,2024 |
RBB TO INVESTORS |
Our business depends on our production facility in Punjab and the loss of or shutdown of operations of the production facility on any grounds could adversely affect our business or results of operations.
We do not have long-term agreements with a majority of our customers. Any changes or cancellations to our orders or our inability to forecast demand for our products may adversely affect our business, results of operations and financial condition
Our insurance coverage may not be adequate
Our Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all. For other risk /actors refer "risk factors" on page 27 of Prospectus.
1 .The Average Cost of Acquisition of Equity Shares held by Promoters is set forth in the table below:
S. No. | Name of the Promoter | No. of Shares held** | Average Cost of Acquisition per Share (In Rs.) |
1 | Anil Kumar Jain | 3841010 | 6.09 |
2 | Geeta Jain | 1587200 | 6.42 |
3 | Avi Jain | 60000 | 12.90 |
4 | A K Jain . (HUF) | 1793870 | 7 86 |
5 | Ramesh Mittal HUF . | 196670 | 12.20 |
6 | Sanieev Mittal HUF . | 168350 | 13.96 |
7 | SC Jain. (HUF) | 159200 | P'13.51 |
8 | S.J Metals Private Limited | 533480 | 825 |
g | Arihant Yamfab Private Limited | 373130 | 13.40 |
10 | G A Alloys Private Limited | 649630 | 9.17 |
"As Certified by M/s Kuldeep Sharma & Associates through their certificate dated 09-09-2024
2. Weighted Average Cost of Acquisition by Promoter in Last One year
S.No. | Name of Promoters | Number of Equity Shares acquired in last one year preceding the date of Prospectus | Weighted Average cost of Acquisition |
1. | Avi Jain " | 60000 | 12.90 |
"As Certified by M/s Kuldeep Sharma & Associates through their certificate dated 09-09-2024.
LISTING |
The Equity Shares offered through the Prospectus are proposed to be listed on SME Platform of NSE Emerge, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an In-Principle Approval letter dated August 22, 2024 from NSE Emerge ("NSE'') for using its name in this offer document for listing our shares on the SME Platform of NSE Emerge. For the purpose of this Issue, the designated Stock Exchange is NSE Emerge. The trading is Proposed to be Commenced on 27th SeptemberJ2024.
Since the Issue is being made in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, the Offer Document had been fled with SEBI, However SEBI shall not issue any observation on the Prospectus. Hence, there is no such specific disclaimer clause of SEBI. However, investors may refer full text of the Disclaimer Clause of SEBI beginning on page no. 185 of the Prospectus.
SUBSCRIPTION DETAILS |
Details of Applications: The Issue has received 12611 Applications (before technical rejection for 149 applications resulting overall 8 times subscription. The details of the valid bids (after technical rejection for 149 applications) received in the Issue are as follows:
Category | No or Applications | Number of Equity Shares Applied | Number of Equity Shares Allocated | Subscription Ratio (After Revised Subscription) |
Market Makers | 1 | 2,12,000 | 2.12.00C | 1.00 times |
Retail Individual Investors | 11508 | 2,30,16,000 | 27,34,000 | 8.42 times |
Other than Retail Individual Investors | 953 | 1,04,98,000 | 12,46,000 | 8.43 times |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange with NSE Emerge on 25-09-2024.
A. Allocation to Market Maker (After Technical Withdrawal & Rejections): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 62/- Per Equity Share, was finalized in Consultation with NSE Ltd (NSE Emerge). This Category was Subscribed by 1.00 times. The Total Number of Shares Allotted in this category is 2,12,000 shares, out of market maker reserved portion of 2,12,000 shares.
Sr. No. |
No. of Shares applied for (Category Wise) |
Number of applications received |
% to Total |
Total No. of Shares applied In each category |
% to Total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Serial Number of Qualifying applicants |
Number of Successful applicants (after rounding off) |
% to Total |
Total No. of Shares allocated / allotted |
% to Total |
Surplus/ Deficit(7)-(14) |
||
Before rounding off | After rounding off | |||||||||||||||
1 | 2,12,000 | 1 | 100 | 2,12,000 | 100 | 2,12,000 | 2,12,000 | 2,12,000 | 1 | 1 | - | 1 | 100 | 2,12,000 | 100.00 | |
TOTAL | 1 | 100 | 2,12,000 | 100 | 2,12,000 | 1 | 100 | 2,12,000 | 100.00 | 0 |
B. Allocation to Retail Individual Investors (After Technical Withdrawal & Rejections): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 62/- Per Equity Share, was finalized in Consultation with NSE Ltd (NSE Emerge). This Category was Subscribed by 8.43 times. The Total Number of Shares Allotted in this category is 27,34,000 shares.
Sr. No. |
No. of Shares applied for (Category Wise) |
Number of applications received |
% to Total |
Total No. of Shares applied In each category |
% to Total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Serial Number of Qualifying applicants |
Number of Successful applicants (after rounding off) |
% to Total |
Total No. of Shares allocated / allotted |
% to Total |
Surplus/ Deficit(7)-(14) |
||
Before rounding off | After rounding off | |||||||||||||||
1 | 2000 | 11508 | 100 | 2,30,16,000 | 100 | 27,34,000 | ^38 | 2,000 | 1367 | 11508 | I 1367 | 100 I | 27,34,000 | 100.00 | ||
TOTAL | 11508 | 100 | 2,30,16,000 | 100 | 27,34,000 | 238 | 2,000 | 1367 | 11508 | 1367 | 190 | 27,34,000 | 100.00 | 0 |
C. Allocation to Other than Retail Individual Investors (After Technical Withdrawal & Rejections): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 62/- Per Equity Share, was finalized in Consultation with NSE Ltd (NSE Emerge). This Category was Subscribed by 8.42 times. The Total Number of Shares Allotted in this category is 12,46,000 shares, out of market maker reserved portion of 12,46,000 shares.
Sr. No. |
No. of Shares applied for (Category Wise) |
Number of applications received |
% to Total |
Total No. of Shares applied In each category |
% to Total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Serial Number of Qualifying applicants |
Number of Successful applicants (after rounding off) |
% to Total |
Total No. of Shares allocated / allotted |
% to Total |
Surplus/ Deficit(7)-(14) |
||
Before rounding off | After rounding off | |||||||||||||||
1 | 4000 | 675 | 70.83 | 27,00,000 | 25.72 | 3,20,461 | 475 | 2,000 | 32 | 135 | - | 160 | 43.96 | 3,20,000 | 25 68 | 32 |
2 | 6000 | 46 | 4.83 | 2,76,000 | 2.63 | 32,758 | 712 | 2,000 | 8 | 23 | - | 16 | 4.40 | 32,000 | 2.57 | 758 |
3 | 8000 | 69 | 7.24 | 5,52,000 | 5.26 | 65,516 | 950 | 2,000 | 11 | 23 | - | 33 | 9 07 | 66,000 | 5.30 | -484 |
4 | 10000 | 16 | 1.68 | 1,60,000 | 1.52 | 18,990 | 1,187 | 2,000 | 5 | 8 | - | 10 | 2.75 | 20,000 | 1.61 | -1,010 |
5 | 12000 | 3 | 0.31 | 36,000 | 0.34 | 4,273 | 1,424 | 2,000 | 2 | 3 | - | 2 | 0.55 | 4,000 | 0.32 | 273 |
6 | 14000 | 7 | 0.73 | 98,000 | 0.93 | 11,632 | 1.662 | 2.000 | 6 | 7 | - | 6 | 1.65 | 12,000 | 0,96 | -368 |
7 | 16000 | 8 | 0.84 | 1.28.000 | 1.22 | 15,192 | 1.899 | 2.000 | 1 | 1 | - | 8 | 2.20 | 16,000 | 1,28 | -808 |
8 | 18000 | 36 | 3.78 | 6,48,000 | 6.17 | 76,911 | 2,136 | 2,000 | 1 | 1 | - | 36 | 9.89 | 72,000 | 5,78 | 4,911 |
18000 | 0 | 0.00 | a | 0.00 | 2,000 | 1 | 18 | - | 0 | 0.00 | 4,000 | 0.32 | -4,000 | |||
9 | 20000 | 40 | 4.20 | 8,00,000 | 7.62 | 94,951 | 2,374 | 2,000 | 1 | 1 | - | 40 | 10.99 | 80,000 | 642 | 14,951 |
20000 | 0 | 0.00 | 0 | 0.00 | 2.000 | 7 | 40 | - | 0 | 0.00 | 14,000 | 1.12 | -14.000 | |||
10 | 22000 | 4 | 0.42 | 88,000 | 0.84 | 10,445 | 2,611 | 2,000 | 1 | 1 | - | 4 | 1.10 | 8,000 | 0.64 | 2,445 |
22000 | 0 | 0.00 | a | 0.00 | 2,000 | 1 | 4 | - | 0 | 0.00 | 2,000 | 0.16 | -2,000 | |||
11 | 24000 | 5 | 0.52 | 1,20,000 | 1.14 | 14,243 | 2,849 | 2,000 | 1 | 1 | - | 5 | 1.37 | 10,000 | 0,80 | 4,243 |
24000 | a | 0.00 | a | 0.00 | 2,000 | 2 | 5 | - | 0 | 0.00 | 4,000 | 0.32 | -4,000 | |||
12 | 26000 | 2 | 0.21 | 52,000 | 0.50 | 6,172 | 3,086 | 2,000 | 1 | 1 | - | 2 | 0.55 | 4,000 | 0.32 | 2,172 |
26000 | 0 | 0.00 | a | 0.00 | 2.000 | 1 | 2 | - | 0 | 0.00 | 2,000 | 0.16 | -2.000 | |||
13 | 30000 | 1 | 0.10 | 30,000 | 0.29 | 3,561 | 3,561 | 4,000 | 1 | 1 | - | 1 | 0 27 | 4,000 | 0.32 | -439 |
14 | 32000 | 5 | 0.52 | 1.60.000 | 1.52 | 18,990 | 3.798 | 4,000 | 1 | 1 | - | 5 | 1 37 | 20,000 | 1.61 | -1.010 |
15 | 36000 | 1 | 0.10 | 36.000 | 0.34 | 4,273 | 4.273 | 4,000 | 1 | 1 | - | 1 | 0.27 | 4,000 | 0.32 | 273 |
16 | 38000 | 1 | 0.10 | 38,000 | 0.36 | 4,510 | 4,510 | 4,000 | 1 | 1 | - | 1 | 0.27 | 4,000 | 0.32 | 510 |
17 | 40000 | 10 | 1.05 | 4,00,000 | 3.81 | 47,476 | 4,748 | 4,000 | 1 | 1 | - | 10 | 2.75 | 40,000 | 3.21 | 7,476 |
40000 | a | 0.00 | a | 0.00 | 2,000 | 2 | 5 | - | 0 | 0.00 | 8,000 | 0,64 | -8,000 | |||
18 | 46000 | 1 | 0.10 | 46,000 | 0.44 | 5,460 | 5,460 | 6,000 | 1 | 1 | - | 1 | 0.27 | 6,000 | 0.48 | -540 |
19 | 50000 | 4 | 0.42 | 2.00.000 | 1.91 | 23,738 | 5.934 | 6,000 | 1 | 1 | - | 4 | 1.10 | 24,000 | 1,93 | 262 |
20 | 70000 | 1 | 0.10 | 70,000 | 0.67 | 8,308 | 8,308 | 8,000 | 1 | 1 | - | 1 | 0.27 | 8,000 | 0,64 | 308 |
21 | 80000 | 8 | 0.84 | 6.40.000 | 6.10 | 75,961 | 9.495 | 8,000 | 1 | 1 | - | 8 | 2.20 | 64,000 | 5.14 | 11,961 |
80000 | 0 | 0.00 | 0 | 0.00 | 2,000 | 3 | 4 | - | 0 | 0.00 | 12,000 | 0.96 | -12,000 | |||
22 | 82000 | 1 | 0.10 | 82.000 | 0.78 | 9,733 | 9.733 | 10,000 | 1 | 1 | - | 1 | 0.27 | 10,000 | 0.80 | -267 |
23 | 120000 | 2 | 0.21 | 2.40.000 | 2.29 | 28,485 | 14.243 | 14,000 | 1 | 1 | - | 2 | 0.55 | 28,000 | 2.25 | 485 |
24 | 130000 | 1 | 0.10 | 1.30.000 | 1.24 | 15,430 | 15.430 | 16,000 | 1 | 1 | - | 1 | 0.27 | 16,000 | 1,28 | -570 |
25 | 160000 | 1 | 0.10 | 1.60.000 | 1.52 | 18,990 | 18.990 | 18,000 | 1 | 1 | - | 1 | 0.27 | 18,000 | 1.44 | 990 |
26 | 172000 | 1 | 0.10 | 1,72,000 | 1.64 | 20,415 | 20,415 | 20,000 | 1 | 1 | - | 1 | 0.27 | 20,000 | 1,61 | 415 |
27 | 202000 | 1 | 0.10 | 2,02,000 | 1.92 | 23,975 | 23,975 | 24,000 | 1 | 1 | - | 1 | 0.27 | 24,000 | 1,93 | -25 |
28 | 250000 | 1 | 0.10 | 2,50,000 | 2.38 | 29,672 | 29,672 | 30,000 | 1 | 1 | - | 1 | 0 27 | 30,000 | 2.41 | -328 |
29 | 484000 | 1 | 0.10 | 4,84,000 | 4.61 | 57,446 | 57,446 | 58,000 | 1 | 1 | - | 1 | 0.27 | 58,000 | 4.65 | -554 |
30 | 1500000 | 1 | 0.10 | 15,00,000 | 14.29 | 1,78,034 | 1,78,034 | 1.78,000 | 1 | 1 | - | 1 | 0.27 | 1,78,000 | 14.29 | 34 |
TOTAL | 953 | 100.00 | 1,04,98,000 | 100.00 | 12,46,000 | - | 364 | 100.00 | 12,46,000 | 100.00 | 0 |
The Board of Directors at its meeting held on 25th September'2024 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange i.e. NSE Emerge and at a meeting on 25th September'2024 has authorized the corporate Action for the transfer and allotment of Equity Shares to various successful applicants.
In terms of the Prospectus submitted with Exchange and ROC and as per the SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and other investors, including Corporate Bodies/Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a)or(b) shall be made available for allocation in the other category, if so required. "For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage".
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address/email id of the Applicants as registered with the depositories as filled in the application form on or before 26th September'2024. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to 26th September'2024. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE Emerge Platform within six working days from the date of the closure of the Issue.
LEAD MANAGER TO THE ISSUE | REGISTRAR TO THE ISSUE | COMPLIANCE OFFICER |
3DIMENSION CAPITAL SERVICES LIMITED | SKYLINE FINANCIAL SERVICES PRIVATE LIMITED | Isha |
SEBI Registration Number: INM000012528 | Address: D -153A , 1st Floor, Okhla Industrial Area, Phase-I, New Delhi-110020 | Company Secretary and Compliance Officer |
Address: K-37A, Basement, Kailash Colony, Near Kailash Colony Metro Station, New Delhi-110048 | Tel No.: 011-40450193-197; | Avi Ansh Textile Limited |
Telephone Number: +91-11-40196737; | Fax: 011-26812683, | Address: 402, 4th floor, Aggarwal Cyber Plaza-1 Netaji Subhash Place, Pitampura, North West, Delhi, Delhi, India, 110034 |
Email Id: info@3dcsl.com | Email: ipo@skylinerta.com | Tel. No.: +91-9999335909 |
Investors Grievance Id: grievance@3dcsl.com Website: www.3dcsl.com | Investor Grievance E-mail: grievances@skylinerta.com Website: www.skylinerta.com | Email: cs@avianshgroup.com Website: www.avianshgroup.com |
Contact Person: Mr. Pankaj Khetan and Mr. Rhydham Kapoor | Contact Person: Mr. Anuj Rana | Investors can contact the company secretary and compliance officer or the LM o r the Registrar to the Issue in case o f any pre-issue related problems, such as non - receipt o f letter o f offer, non-credit o f allotted equity shares in the respective beneficiary account and refund orders etc. |
CIN: U65923DL2001PLC113191 | SEBI Registration Number: INR000003241 |
Credit Rating: As this is an issue of Equity Shares, there is no credit rating for this Issue.
Debenture Trustees: As this is an issue of Equity Shares, appointment of Debenture Trustees is not required
IPO Grading: Since the issue is being made in terms of Chapter IX of the SEBI (ICDR) Regulations, 2018 there is no requirement of appointing an IPO Grading agency.
Basis of Issue Price: The Issue Price is determined by Company in consultation with the Lead Manager. The financial data presented in section titled "Basis for Issue Price" on page no. 93 of the Prospectus is based on Company's Restated Financial Statements. Investors should also refer to the sections/chapters titled "Risk Factors" and "Restated Financial Information" on page no. 27 and 165 respectively of the Prospectus to get more informed view before making the investment decision.
Risk to Investors: Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this offering. For taking an investment decision, investors must rely on their own examination of our Company and the Issue including the risks involved. The Equity Shares offered in the Issue have neither been recommended nor approved by Securities and Exchange Board of India nor does Securities and Exchange Board of India guarantee the accuracy or adequacy of the Prospectus. Specific attention of the investors is invited to the section titled "Risk Factors" beginning on page no. 27 of the Prospectus.
Availability of Application Forms:
Application Forms maybe obtained from the Registered Office of our Company i.e. "Avi Ansh Textile Limited", the Lead Manager to the Issue i.e. "3Dimension Capital Services Limited", the Registrar to the Issue i.e. "Skyline Financial Services Private Limited". The application forms may also be downloaded from the website of NSE EMERGE i.e. www.nseindia.com . Application supported by Block Amount forms shall be available with designated branches of Self Certified Syndicate Banks, the list of which is available at websites of the Stock Exchange and SEBI.
Availability of Prospectus and Addendum: Investors are advised to refer to the Prospectus and Addendum, and the Risk Factors contained therein, before applying in the issue. Full copy of the Prospectus is available on the website of the issuer Company ( www.avianshgroup.com ), the website of the Lead Manager to the Issue ( www.3dcsl.com ) and on the website of NSE Emerge i.e. www.nseindia.com . Investor should note that investment in equity shares involves high degree of risk. For details, investor should refer to and rely on the prospectus, including the section titled "Risk Factor" on page no. 27of the prospectus, which has been filed with RoC. Applications Supported By Blocked Amount (ASBA): Investors may apply through the ASBA process. ASBA can be availed by all the investors except Anchor Investors. All potential investors are mandatorily required to participate in the Issue through an Application Supported by Blocked Amount ("ASBA") process. The Investors are required to fill the ASBA form and submit the same to their Banks which, in turn will block the amount in the account as per the authority contained in ASBA Form and undertake other tasks as per the specified procedure. On allotment, amount will be unblocked and account will be debited only to the extent required to be paid for allotment of shares. Hence, there will be no need of refund. The ASBA application forms can also be downloaded from the website of NSE Emerge i.e. www.nseindia.com . ASBA forms can be obtained from the list of banks that is available on website of SEBI at www.sebi.gov.in and website of Stock Exchange at www.nseindia.com . For more details on ASBA process, please refer to details given in application forms and abridged prospectus and also please referto the section "Issue Procedure" beginning on page no. 244 of the Prospectus.
Capitalized terms used herein and not specifically defined herein shall have the meaning given to such terms in the Prospectus.
BANKERS TO THE ISSUE, REFUND BANKER AND SPONSOR BANK: INDUSIND BANK LIMITED | On behalf of the Board of Directors |
Ground and First Floor, Northex Mall, Shop NoA-1, 2, 9,10 & 101, Sector 9 Rohini | For, Avi Ansh Textile Limited |
Contact No: +91 9560071022 | Fax: NA |
E mail: vineet.rohilla@indusind.com | Website: www.indusind.com |
Contact Person: Mr. Vineet Rohilla | SEBI: Registration No. INBI00000002 |
CIN: L65110GJ1993PLC020769 | Anil Kumar Jain |
Place: Delhi | Sd /- |
Date: September 25, 2024 | Managing Director |
Avi Ansh Textile Limited is proposing, subject to market condition and other considerations, a public issue of its Equity shares and has filed the prospectus with the Registrar of Companies, Delhi ("RoC"). The prospectus is available on the website of SEBI ( www.sebi.gov.in ), website of the Issuer Company ( www.avianshgroup.com ), the website of the Lead Manager to the Issue ( www.3dcsl.com ) and on the website of NSE Emerge ( www.nseindia.com ). Investor should note that investment in equity shares involves high degree of risk. For details, investor should refer to and rely on the prospectus, including the section titled "Risk Factor" on page no. 27 of the prospectus, which has been filed with RoC, before making any investment decision.
The equity shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "securities act") and may not be offered or sold within United States (as defined in regulations under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirement of the Securities Act. The equity shares are being offered and sold only outside the United States in offshore transaction in compliance with regulations under the Securities Act and the applicable laws of the jurisdiction where those offers and sales occurs.
Close
|