Avi Ansh Textile IPO allotment finalised: Check latest GMP, step-by-step guide on how to check allotment status | Stock Market News

Avi Ansh Textile IPO: The initial public offering (IPO) of small and medium-sized enterprise (SME) Avi Ansh Textile Limited received a strong response from investors during its recent three-day subscription period. The cotton yarn manufacturer’s SME IPO opened for subscription on September 20, 2024, and was oversubscribed when it closed on September 24, 2024.

Investor’s focus has now shifted to allotment status, as it has been finalised on Wednesday, September 25. Avi Ansh Textile IPO was subscribed nearly 8.32 times subscription on the third day of bidding. The SME IPO received 3,31,12,000 share applications against 3,981,542 shares offered on Wednesday.

Also Read: Avi Ansh Textile IPO Day 3: Issue subscribed 7.5 times so far; latest GMP, subscription status, key details of SME IPO

Avi Ansh Textile IPO Details

Avi Ansh Textile’s IPO price band is ₹62 per share. The company plans to raise ₹25.99 crore from the fixed-price issue, which comprises a fresh issue of 41.92 lakh equity shares. The IPO lot size is 2,000 shares, and the minimum investment amount required by retail investors is ₹124,000.

The company proposes to use the net issue proceeds to fund working capital requirements, term loan repayment, and general corporate purposes. 3Dimension Capital Services is the book-running lead manager of the Avi Ansh Textile IPO, while Skyline Financial Services Private Ltd is the IPO registrar.

Avi Ansh Textile IPO GMP Today

According to stock market experts, Avi Ansh Textile IPO GMP today, or grey market premium, is ₹2 per share. This shows that Avi Ansh Textile shares are trading higher by ₹2 at ₹64 apiece in the grey market, a premium of 3.23 per cent to the issue price of ₹62 per share. The GMP declined from ₹8 in the previous session, September 23 and ₹10 on September 22.

If you have applied for the Avi Ansh Textile IPO, you can check your allotment status online on the website of the IPO registrar, Skyline Financial Services Private Ltd. Since the allotment has now been finalised, you can check your application’s Avi Ansh Textile IPO allotment status on the allotment link – https://www.skylinerta.com/ipo.php.

Also Read: KRN Heat Exchanger IPO: Financials to cash flows—10 key risks you must know before subscribing to the ₹342-crore issue

How to check Avi Ansh Textile IPO allotment status on Skyline Financial Services Private Ltd:

Step 1

Click the aforementioned link to visit Skyline Financial Services Private Ltd, the IPO registrar for Avi Ansh Textile IPO.

Step 2

Pick the initial public offering (IPO) from the Dropbox; the name will only appear once the allocation is complete.

Step 3

To check the status, choose either the PAN, Demat Account, or Application No.

You may check the allocation status for the IPO with the following IDs.

Income Tax Permanent Account Number (PAN) – Using your mapped PAN number, you may first check the progress of your application. After selecting your 10-digit alphanumeric PAN from the drop-down menu, enter it. Once you have entered the PAN, click “Submit”.

Application number or CAF number: You may also view the allocation status by providing your CAF number or application number. Click “Search” after inputting the application or CAF number. A document acknowledging receipt of your IPO application was emailed to you. Fill out the application exactly as it is shown on that page. Following that, you may examine the information of the shares you were awarded in the IPO by clicking “Submit”.

Beneficiary ID: You can also use the beneficiary ID linked to your demat account. After that, the client ID and depository participant (DP) IDs must be entered as a single string. The NSDL string is alphanumeric, but the CDSL string is numerical. Please enter the DP ID and customer ID exactly as they appear. The online DP statement and the statement of account display your client ID and DP. Next, click “Submit”.

Also Read: Arkade Developers IPO share allotment finalised today: Latest GMP, steps to check allotment status online

How to check Avi Ansh Textile IPO allotment status on BSE?

Step 1: Log on to the BSE Link to check the status of your application.

https://www.bseindia.com/investors/appli_check.aspx

Step 2: Find “Equity,” select it, and then choose the issue name from the dropdown menu.

Step 3: Investors must provide their PAN card number or application number after choosing the issue name.

After that, press the “Search” button.