Incorporated in 1987, Anand Rayons Limited was an idea of MrGokul Bakshi. It is engaged in trading of yarn and value-added yarns including polyester filament yarns, nylon yarns, fancy yarns, and dope dyed yarns. Initially, the company had only one dealer for the polyester yarn that is Reliance Industries Limited to trade in and around Surat, Gujarat. Now, the company has also extended the dealership network with JCT Limited for Nylon Yarn, and
Indorama Synthetics India Limited, Filatex India Limited and Garden Silk Mills Limited for Polyester Yarn. The yarns traded by the company has wide application in the weaving of sarees, yarn dyeing, Elastic tapes, carpets, and dress & shirting materials. As the company is trading in and around Surat only, it is planning to expand yarn trading business in other states such as Maharashtra, Delhi, Karnataka, and Uttar Pradesh as well. The R&D team of the company is also working on twisted yarn, Sheath- Core yarn, Bi-Shrinkage yarn for GEOtextiles to expand the business.
The competitive strengths of the company are:
1. Specialization in trading of yarns and value-added yarns.
2. Strong dealership with Reliance Industries Ltd for 31+ years.
3. A sound relationship with spinners & customers.
Company Promoters:
Mr. Anand Bakshi is the promoter of the company.
Company Financials:
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Jan-19 31-Mar-18 31-Dec-17 31-Mar-16
Total Assets 6,103.46 5,942.08 5,809.05 3,796.06
Total Revenue 23,176.44 25,959.08 27,062.38 21,992.23
Profit After Tax 172.41 145.14 104.70 45.73
Objects of the Issue:
The objects of the Issue are:
1. Incremental Working capital requirements
2. General Corporate Purpose,
3. Meeting Public Issue Expenses.
Anand Rayons IPO Details
Issue Open Jun 18, 2019 - Jun 24, 2019
Issue Type Fixed Price Issue IPO
Issue Size 4,688,000 Eq Shares of Rs 10
(aggregating up to Rs 12.66 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 27 Per Equity Share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At BSE SME
Anand Rayons IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
Anand Rayons Limited
305-306, Jay Sagar Complex
Opp. Sub Jail, Khatodra,
Surat-395002 Gujarat
Phone: 0261-2635521
Email: anandrayonsltd@gmail.com
Website: http://www.anandrayons.com
Conclusion / Investment strategy
The textile segment is not fancied by investors in the given scenario. The issue is priced very
aggressively Guiness group has a topsy-turvy background Considering all these facts it is better
aggressively. Guiness group has a topsy turvy background. Considering all these facts, it is better
to skip this issue.
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