The Ashnoor Textile Mills date has been confirmed from May 7, 2024 – May 16, 2024. Read the post to learn about Ajooni Biotech Right Issue.
The Ashnoor Textile Mills Developers IPO is a fixed issue size of ₹6.37 Crores. Ashnoor Textile Mills Limited, established in January 1984, manufactures and exports high-quality terry towels. The company’s major business is to manufacture towels, including coloured towels, in response to market demand.
All company operations take place in India, and there are no geographical segments. The corporation functions as a single entity dedicated to its primary business. As of June 30, 2023, the company had manufactured over 845 tonnes of terry towels.
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Key Details Of Ashnoor Textile Mills:
Bidding Dates
May 7-16
Issue Size
₹6.37 Crores
Face Value
₹10 per share
Record Date
April 26, 2024
Ashnoor Textile Mills Record Date
Ashnoor Textile Mills Record Date is April 26, 2024.
Ajooni Biotech Overview
Ashnoor Textile Mills Limited, established in January 1984, manufactures and exports high-quality terry towels. The company’s major business is to manufacture towels, including coloured towels, in response to market demand. All company operations take place in India, and there are no geographical segments. The corporation functions as a single entity dedicated to its primary business. As of June 30, 2023, the company had manufactured over 845 tonnes of terry towels.
Ashnoor Textile Mills, an ISO 9001 and 140001-certified company, exports terry towels to the United States. As of June 30, 2023, the company had 296 employees across all of its operations.
Ajooni Biotech Rights Issue Detail
| Issue Open | May 7, 2024 – May 16, 2024 |
| Security Name | Ashnoor Textile Mills Ltd. |
| Issue Size (Shares) | 3,186,462 |
| Issue Size (Amount) | ₹6.37 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of Rs.20/- (Rupees Twenty Only) per Rights Equity Share (including premium of Rs.10/- each) payable on application |
| Entitlement | 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date |
Ashnoor Textile Mills Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 138.27 | 145.64 | 179.18 | 122.85 |
| Revenue | 31.97 | 177.79 | 262.32 | 118.75 |
| Profit After Tax | 2.40 | 6.12 | 8.96 | 5.42 |
| Net Worth | 59.03 | 56.62 | 50.50 | 41.54 |
| Amount in ₹ Crore | ||||
Ajooni Biotech IPO Timeline
| Last Date to buy shares | April 25, 2024 |
| Record Date | April 26, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | May 7, 2024 |
| Renunciation of Rights Entitlements | May 13, 2024 |
| Bid/Offer Closes On | May 16, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company intends to utilize the Net Proceeds from this Issue towards funding the following objects:
➢ Adjustment of unsecured loans against the entitlement of the promoters of the Company; and
➢ General Corporate Purposes.
➢ To meet the Rights Issue Expenses
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Ashnoor Textile Mills Ltd. |
| Phone number | 0124-4809755 |
| Email ID | [email protected] |
| Website | ashnoortex.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Ashnoor Textile Mills IPO FAQs
What is the issue price for Ashnoor Textile Mills Rights Issue 2024?
Ashnoor Textile Mills Rights Issue 2024 price is set at ₹20 per share per equity share.
In what ratio is the Ashnoor Textile Mills Rights Issue 2024 offered?
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date (April 26, 2024).
What is the record date for Ashnoor Textile Mills Rights Issue 2024?
The record date for the Ashnoor Textile Mills Rights Issue 2024 is April 26, 2024.
What is the issue size of Ashnoor Textile Mills Rights Issue 2024?
The issue size of Ashnoor Textile Mills Rights Issue 2024 is of 3,186,462 equity shares at ₹20 per share aggregating upto ₹6.37 Crores.
