Anand Rayons Limited
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Anand Rayons Limited's has transitioned to a publicly listed entity following its IPO debut on Jul 02, 2019 at the BSE exchange. The public offering successfully raised 46,88,000 Shares, consisting of TBDin new capital.
The IPO featured a competitive price range of ₹27 to ₹27 and minimum application size of 4000 shares. Market reception was evidenced through subscription activity between Jun 18, 2019 and Jun 24, 2019, reflecting investor appetite for the offering.
Allotment of shares was completed on Jun 28, 2019, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1987, Anand Rayons Limited, founded by Mr. Gokul Bakshi, is engaged in trading yarns and value-added yarns, including polyester filament yarns, nylon yarns, fancy yarns, and dope-dyed yarns. Initially focused on trading polyester yarn with Reliance Industries Limited in and around Surat, Gujarat, the company has since expanded its dealership network to include JCT Limited for nylon yarn, and Indorama Synthetics India Limited, Filatex India Limited, and Garden Silk Mills Limited for polyester yarn. Its yarns are widely used in saree weaving, yarn dyeing, elastic tapes, carpets, and dress and shirting materials. While currently operating primarily in Surat, Anand Rayons plans to expand its trading business to other states like Maharashtra, Delhi, Karnataka, and Uttar Pradesh, with its R&D team developing specialized products such as twisted yarn, sheath-core yarn, and bi-shrinkage yarn for geo-textile applications.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Yarn Trading Expertise: Specializes in trading yarns and value-added yarns.
- Long-Term Reliance Dealership: Strong dealership relationship with Reliance Industries Ltd for over 31 years.
- Strong Industry Relationships: Maintains sound ties with spinners and customers.
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- Mr. Anand Bakshi
Anand Rayons Limited
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