Anand Rayons Limited IPO

Anand Rayons Limited

Issue Open

Jun 18, 2019

Price Band

Issue Size

₹ 12.66 Cr

Credit of Shares to Demat

-

Issue Close

Jun 24, 2019

Bid Lot

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Proce IPO

Minimum Order Quantity

4000

Allotment Details

-

Face Value

Rs 10 per equity share

Listing On

Nov 30, -0001

Refunds

-

About the company:

Company Info:

Anand Rayons is engaged in trading of yarn and value added yarns including polyester filament yarns, nylon yarns, fancy yarns and dope dyed yarns. The company has extended dealership network with JCT Ltd. The yarns traded by the company has wide application in the weaving of sarees, yarn dying, elastic tapes, carpets, dress and shirting materials.The company at present is trading in and around Surat only.

 

Date of incorporation:

Anand Rayons Limited was originally incorporated  in the year 1987 .

 

Promoters of the company: The Promoter of this company is Mr.Anand Bakshi.


Strengths of the company:

  1. Experienced Promoters with sound market knowledge.

  2. Specialized in developing and marketing of fancy and value added yarns.

  3. Research and Development.

  4. Cordial Relations with the Suppliers.

Objective of the IPO:

These are the IPO Issue Objects of the company-

  1. Incremental Working capital requirements.

  2. General Corporate Purpose,

  3. Meeting Public Issue Expenses

 

Company Financials:

 


20-Sept-18

31-Mar-18

31-Mar-17

31-Mar-16

Total Assets

6,146.24

5,942.08

5,809.05

3,796.06

Total Revenue

12910.15

25,959.08

27,062.38

21,992.23

Total Expense

12,798.48

25,733.97

26,894.95

21,926.05

Profit after tax

71.78

145.14

104.70

45.73

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