About the Company:
Anand Rayons is 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.
Company holds a decent market share amongst the embroidery yarn, dyed yarn. Fancy yarns are also developed by the Company for use by Jari Manufacturers and embroidery yarn manufacturers.
Company is also in the process of developing Bi-Shrinkage yarn, Sheath- Core yarn, twisted yarn for GEO textiles.
Company at present is trading in and around Surat only. Previously the firm was doing trading of yarn apart from Gujarat in other parts of the Country.
The Company is planning to expand its business activities in other states like Uttar Pradesh ( Banaras), Karnataka ( Bangaluru, Belgaum) Maharashtra ( Ichalkaranji) and Delhi.
Company Background:
The founder promoter of the Company Mr. Gokul Bakshi, started “M/s Anand Enterprise”, a Partnership Firm, with his Friends and Family Members to trade the Yarn in Surat by taking dealership of the polyester yarn from Reliance Industries Limited.
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.
Management Team:
- Mr. Anand Bakshi (Designation: Managing Director)
- Mrs. Shilpa Bakshi (Designation: Whole Time Director)
Objectives of the Issue:
- Incremental Working capital requirements.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | FY 18 | 30th Sept 18 |
|---|---|---|---|---|
| Revenue | 219.9 | 270.6 | 259.6 | 129.10 |
| Net Profit | 0.45 | 1.04 | 1.45 | 0.72 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Anand Rayons Limited | 10 | 2.0 | 13.5 | 16.65% | 12.11 |
| Shiva Texyarn Ltd | 10 | 8.74 | 15.47 | 10.57% | 85.17 |
| Jakharia Fabrics Ltd | 10 | 5.20 | 34.81 | 6.20% | 72.73 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 18th June 2019 |
| Issue Closes on:. | 24th June 2019 |
| Issue Price | Rs.27 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 Shares |
| Minimum Investment | Rs.1,08,000 |
| Issue Constitutes | 31.29% |
| Issue Size | Rs.12.65 cr |
| Market Cap | Rs.40.45 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 46,88,000 |
| Equity Shares Prior to the Issue | 1,02,96,721 |
| Equity Shares after the Issue | 1,49,84,721 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.00 | 13.5 | 16.65% | 12.11 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Anand Rayons Limited 305-306, Jay Sagar Complex Opp. Sub Jail, Khatodra Surat -395002, Gujarat. Tel: 0261-2635521 Email: anandrayonsltd@gmail.com Website: www.anandrayons.com |
| IPO Registrar Info: |
|---|
| 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: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91 – 33 – 3001 5555; Email:gcapl@guinessgroup.net Website: www.guinessonline.net |
