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Anand Rayons IPO – Review, Allotment, Subscription, GMP & DRHP

Anand Rayons IPO comprises public Issue of 46,88,000 Equity Shares of Rs.10/- each at a price of Rs. 27/- per Equity Share aggregating to Rs.1265.76 Lakhs. Anand Rayons has started trading in value added yarns like dope dyed yarns, fancy yarns for various applications like weaving of sarees, shirting & dress materials, yarn dyeing, carpets, various types of Elastic tapes & sizing segments.

Let’s have a detailed review of the company and analytics of the Anand Rayons IPO release date, IPO offer price, subscription, Anand Rayons IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Anand Rayons IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.8/10
Company Background7.4/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index7.4/10
Promoters Reputation7.7/10
Retail Appetite7.6/10
Top Brokers Review7.9/10
Overall Ratings7.7/10
Star Ratings★★★★☆

Summary of Anand Rayons IPO

 Anand Rayons IPOAnand Rayons was on development of market share on fancy and value added yarns. The Firm holds a decent market share amongst the embroidery yarn, dyed yarn. The core yarn in value added form is supplied to Jari Manufacturers. The company at present is trading in and around Surat only.  Anand Rayons IPO comprises public Issue of 46,88,000 Equity Shares of Rs.10/- each at a price of Rs. 27/- per Equity Share aggregating to Rs.1265.76 Lakhs. The Offer comprises of a Fresh Issue of up to 44,48,000 Equity Shares  at a price of  Rs.27 per Equity Share aggregating to Rs.1200.96 Lakhs.

From FY 2015-16 to FY 2017-18, as per the Restated Financial Statements,

  • The EBITDA for the period/year have grown at a rate of 112% from Fiscal 2016 to Fiscal 2018 and were Rs.656.56 Lakhs, Rs.519.97 Lakhs and Rs.308.60 Lakhs for the period ended March 31,2018, 2017 and 2016 respectively.
  • The net asset value per Equity Share was Rs.12 as on  March 31, 2018 and Rs.10 as on March 31,2017 and March 31,2016 respectively.
  • The net worth, including non-controlling interests, as of  March 31, 2016 was 8.54% , as of  March 31, 2017 was 15.73%  and for the period March 31, 2018 was 16.65%, respectively, as per the Restated Standalone Financial Statements.

The Promoters of this company is Mr.Anand BakshiThe lead manager to the issue is GUINESS CORPORATE ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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Anand Rayons IPO Date

The opening and the closing date of Anand Rayons IPO is not known yet.


Anand Rayons IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1 :
Day 2
Day 3:
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Anand Rayons IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Anand Rayons IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO will be 5% of the equilibrium price. In case equilibrium price is not discovered in the Call Auction, the price band in the normal trading session shall be 5% of the issue price. 


Anand Rayons IPO Equity Share Offering

Initial public offer of up to 46,88,000 Equity Shares of Rs.10/- each at a price of Rs. 27/- per Equity Share aggregating to Rs.1265.76 Lakhs.


Anand Rayons Limited – Company Overview

Anand Rayons Limited was originally incorporated  in the year 1987 . Initially the partnership firm was doing trading activity in and around Surat only. After Mr Anand Bakshi had taken active interest, the firm has spread its wings and started trading in other cities and other parts of the Country. The firm also started sales to other cities like Ahmedabad, Vapi, Daman, Varanasi, Ichalkaranji, Bangalore, Erode & Coimbatore Later on, Anand Enterprise has taken 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 Firm has started trading in value added yarns like dope dyed yarns, fancy yarns for various applications like weaving of sarees, shirting & dress materials, yarn dyeing, carpets, various types of Elastic tapes & sizing segments. The promoters with their experience get the better quality of doped dyed yarn after successfully implementing with the master batch with the local person and guide the spinners to get the required yarn.

The focus of the firm was on development of market share on fancy and value added yarns. The Firm holds a decent market share amongst the embroidery yarn, dyed yarn. The core yarn in value added form is supplied to Jari Manufacturers. The company at present is trading in and around Surat only.

The partnership firm was reconstituted on March 09, 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.

The Company is promoted by Mr. Gokul Bakshi and Mr.Anand Bakshi and are the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Anand Rayons Limited

  • Experienced Promoters with sound market knowledge.
  • Specialized in developing and marketing of fancy and value added yarns.
  • Research and Development.
  • Cordial Relations with the Suppliers.

Business strategies of Anand Rayons Limited

  • Geographical expansion.
  • Development of new fancy yarns.

Anand Rayons Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

On the basis of Standalone statement:-

Amount (in INR & Lakhs)
20-Sept-1831-Mar-1831-Mar-1731-Mar-16
Total Assets6146.245,942.085,809.053,796.06
Total Revenue12910.15 25,959.08 27,062.38 21,992.23
Total Expense12,798.48 25,733.97 26,894.95 21,926.05
Profit After Tax71.78 145.14 104.70 45.73 

Earnings per Equity Share (in Lakhs)

31-Mar-1831-Mar-1731-Mar-16
Basic & Diluted2.001.570.85

From the above statements, one could find that the Anand Rayons Limited may perform well.


Anand Rayons IPO – Promoters

The Promoters of this company is:

  • Mr.Anand Bakshi 

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Anand Rayons IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered 46,88,000 Equity Shares of Rs.10 each at an Issue Price of  Rs.27 each aggregating to Rs.1265.76 Lakhs
 Reserved for Market Makers 2,40,000 Equity Shares of Rs.10 each at an Issue Price of Rs.27 each aggregating to Rs. 64.80 Lakhs
 Net Issue to the Public 44,48,000 Equity Shares of Rs.10 each at an Issue Price of Rs.27 each aggregating to Rs.1200.96 Lakhs
 Of which:
 Retail Investors Portion 22,24,000 Equity Shares of Rs. 10 each at an Issue Price of Rs.27 each aggregating to Rs. 600.48 Lakhs
 Non-Retail Investors Portion22,24,000 Equity Shares of Rs. 10 each at an Issue Price of Rs.27 each aggregating to Rs. 600.48 Lakhs.
 Equity Shares outstanding prior to the Issue1,02,96,721 Equity Shares
 Equity Shares outstanding after the Issue1,49,84,721 Equity Shares

Anand Rayons IPO Issue Object

These are the IPO Issue Objects of the company-

  • Incremental Working capital requirements.
  •  General Corporate Purpose,
  •  Meeting Public Issue Expenses

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Anand Rayons IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Promoters with sound market knowledge.
  • Specialized in developing and marketing of fancy and value added yarns.
  • Research and Development.
  • Cordial Relations with the Suppliers.

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-160.858.5410
31-Mar-171.5715.7310
31-Mar-182.0016.6512
  • Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. 10 each
ParticularsP/E ratio
Highest[●]
Average16.2
Lowest13.5
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)Diluted EPS (In Rs.)P/E RatioRONW in %
1Anand Rayons Limited 1021316.6512.11
Peer Group
2Shiva Texyarn Limited108.7415.4710.5785.17
3Jakharia Fabrics Limited105.234.816.272.73

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Anand Rayons IPO Lead Managers

Lead Managers
GUINESS CORPORATE ADVISORS PRIVATE LIMITED
18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India
Tel: +91 – 33 – 3001 5555; Fax: +91 – 33 – 3001 5531
Email:
Investor Grievance Email:
Website: www.guinessonline.net
Contact Person: Mr. Devendra Shah
SEBI Registration No.: INM 000011930

Anand Rayons IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri (East), Mumbai-400059
Tel No.: 022 62638200
Fax No: 022 62638299
Email Id:
Website: www.bigshareonline.com
SEBI Registration No: INR000001385
Contact Person: Mr. Ashish Bhope
Investor Grievance E-mail:

Other Details: 

  • Peer Review Auditor – M/s. Rajendra Sharma & Associates
  • Bankers to the Company – HDFC Bank Limited and State Bank of India.

Anand Rayons IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Anand Rayons IPO Grey Market Premium

The Anand Rayons IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Anand Rayons IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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