Anand Rayons IPO:GMP, Price, Issue size & Date

5/5 - (1 vote)

Anand Rayons Limited, conceptualized by Mr. Gokul Bakshi, was established in 1987. Its primary business involves trading of yarn and value-added yarns like fancy yarns, nylon yarns, polyester filament yarns, and dope dyed yarns. During its inception, the company had a single dealer, Reliance Industries Limited, for polyester yarn trading in and around Surat, Gujarat.

Presently, the company has expanded its dealership network by collaborating 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 have diverse applications in saree weaving, yarn dyeing, carpets, elastic tapes, dress and shirting materials.

The company plans to widen its trading operations by extending its presence beyond Surat, into states like Maharashtra, Delhi, Karnataka, and Uttar Pradesh. Additionally, the R&D team is developing new products such as twisted yarn, Bi-Shrinkage yarn, and Sheath-Core yarn for GEO-textiles to enhance the business.

Anand Rayons IPO Details

IPO DateJun 18, 2019 to Jun 24, 2019
Listing DateTuesday, July 2, 2019
Face Value₹10 per share
Price₹27 per share
Lot Size4000 Shares
Issue Size4,688,000 shares of ₹10(aggregating up to ₹12.66 Cr)
Market Maker portion240,000 shares
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Company PromotersMr. Anand Bakshi is the promoter of the company.
Anand Rayons IPO Listing Date Listing Date Tuesday, July 2, 2019BSE Script Code542721NSE Symbol
Listing InMT Group of SecuritiesISININE02GA01012IPO Price₹27 per shareFace Value₹10 per share
Transvoy Logistics IPO: GMP, Price, Size, Dates

Anand Rayons IPO Listing Date

Listing DateTuesday, July 2, 2019
BSE Script Code542721
NSE Symbol
Listing InMT Group of Securities
IPO Price₹27 per share
Face Value₹10 per share

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
Total Assets6,103.465,942.085,809.053,796.06
Total Revenue23,176.4425,959.0827,062.3821,992.23
Profit After Tax172.41145.14104.7045.73

Objects of the Issue

The objects of the Issue are:

1. Increasing Needs for Working Capital

2. Overarching Corporate Objectives

3. Managing costs related to public issues

Anand Rayons IPO Prospectus

Company Contact Information

Anand Rayons Limited
305-306, Jay Sagar Complex
Opp. Sub Jail, Khatodra,
Surat-395002 Gujarat
Phone: 0261-2635521

Anand Rayons IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Anand Rayons IPO Lead Manager(s)

  1. Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)


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