Anand Rayons IPO description – Anand Rayons was started by the founder promoter Mr. Gokul Bakshi as a partnership firm to trade Yarn in Surat by taking dealership of the polyester yarn from Reliance Industries Limited. In 1992, Mr. Anand Bakshi, Managing Director of the Company, joined the Partnership Firm as a Partner. The partnership firm was reconstituted in the year 1999 with all partners except Mr. Gokul Bakshi and Anand Bakshi retiring from the partnership firm. Initially the partnership firm was doing trading activity in and around Surat only. After Mr Anand Bakshi had taken active interest, the firm started trading in other cities and other parts of the country. Later on, Anand Enterprise took dealership of Nylon Yarn from JCT Limited, Polyester Yarn from Indorama Synthetics India Limited, Garden Silk Mills Limited & Filatex India Limited to expand the business.
The partnership firm was reconstituted again on 9 March 2018 to comply the requirements of Part 1 of Chapter XXI of the Companies Act, 2013 and with an intention to convert the partnership firm in to Limited Company.
Anand Rayons promoters – Mr Anand Bakshi
| Anand Rayons – Upcoming IPO details | |
| Subscription Dates | 18 – 24 June 2019 |
| IPO Price band | INR27 per share |
| Fresh issue | 4,688,000 shares (INR12.66 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,688,000 shares (INR12.66 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Incremental Working capital requirements – INR8.75 crore
- General Corporate Purpose – INR3.16 crore
- Issue Expenses – INR0.75 crore
| Anand Rayons’ standalone financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | FY2018 | 10M FY2019 | |||
| Total revenue | 219.9 | 270.6 | 259.6 | 231.8 | ||
| Total expenses | 219.3 | 268.9 | 257.3 | 229.2 | ||
| Profit after tax | 0.46 | 1.05 | 1.45 | 1.72 | ||
Anand Rayons Contact Details
Anand Rayons LimitedÂ305-306, Jay Sagar Complex
Opp. Sub Jail, Khatodra
Surat-395002 Gujarat Phone:Â +91 0261-2635521
Email: [email protected]
Website:Â www.anandrayons.com
Anand Rayons IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.26 |
| Day 2 | 0.42 |
| Day 3 | 0.55 |
| Day 4 | 0.75 |
| Day 5 | 1.11 |
Anand Rayons Valuation (For FY2018)
Earnings Per Share (EPS): INR2.00
Price/Earnings (P/E) ratio: 13.5
Return on Net Worth (RONW): 16.65%
Net Asset Value (NAV): INR12.11 per share
Registrar of Anand Rayons IPO
Bigshare Services Private LimitedÂE2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072 Phone: +91 22 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Anand Rayons IPO Allotment Status
Anand Rayons IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Anand Rayons
IPO Opening Date: 18 June 2019
IPO Closing Date: 24 June 2019
Listing Date: 2 July 2019
Listing Price on BSE SME: INR28.25 per share (up 4.63% from IPO price)
Closing Price on BSE SME: INR27.20 per share (up 0.74% from IPO price)
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