Avax Apparels And Ornaments Limited IPO
BSE SMEListed On: Jan 14, 2025 at ₹ 133.0
₹ 140000 /2000 Shares
Check Allotment07 Jan, 2025
Open Date09 Jan, 2025
Close Date10 Jan, 2025
Allotment Date14 Jan, 2025
Listing DateIssue Price
₹70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Skyline Financial Services Private LtdList Price
133.0Listing Date
2025-01-14Market Lot
2000 Shares (₹140,000/-)Lead Manager
SKI Capital Services LimitedIssue Size
274,000 shares(aggregating up to ₹1.92 Cr)Retail Portion
50%Subscription
260.48 timesAvax Apparels And Ornaments IPO Details
Avax Apparels And Ornaments Limited IPO is an SME IPO, priced at ₹70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 2,74,000 equity shares, aggregating up to ₹1.92 crores..
The IPO bidding window is open from Jan 7, 2025 to Jan 9, 2025. The allotment is expected to be finalized on Jan 10, 2025, and the tentative listing date is Jan 14, 2025.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
SKI Capital Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and SKI Capital Services Limited will act as the market maker for this issue.
Avax Apparels And Ornaments IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,30,000 | 1,30,000 | 2,60,000 |
| Day 1 - 07-01-25 06:00 PM | 6.29 x | 49.55 x | 27.92 x |
| Day 2 - 08-01-25 06:00 PM | 18.28 x | 139.45 x | 78.86 x |
| Day 3 - 09-01-25 06:00 PM | 140.57 x | 372.35 x | 260.48 x |
Avax Apparels And Ornaments Valuations
EPS Pre IPO
₹18.06/-EPS Post IPO
₹17.44/-P/E Pre IPO
3.88P/E Post IPO
4.01ROE
43.91%ROCE
61.68%RoNW
43.91%PAT Margin
6.26Price to Book Value
1.70Avax Apparels And Ornaments Company Financials All values are in ₹ Lakh
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 484.6 | 346.89 | 57.66 |
| Revenue | 2,205.98 | 1,470.21 | 28.87 |
| Profit After Tax | 138.19 | 69.44 | 1.01 |
| Net Worth | 314.68 | 176.49 | 1.65 |
| Total Borrowing | 71.5 | N/A | 30.0 |
About The Company
Incorporated in June 2005, Avax Apparels And Ornaments Limited operates two distinct businesses lines:
Wholesale Trading
Sales of silver ornaments online
The company wholesales knitted fabric and sells silver ornaments online through other platforms, such as rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.
In wholesale trading, the company has several key advantages. A huge location advantage is there, as the business is based geographically in the hub of cloth manufacturing. Further, due to growing demand in these products and these firms are well connected to business links, maintained by the management at their level, hence adding to the overall success in this segment for the company.
Avax Apparels And Ornaments - Promoter(s)
Pre Issue Share Holding: 57.00%
Post Issue Share Holding: 41.97%
- Mr. Harinderpal Singh Sodhi
- Mr. Harish Kumar
Avax Apparels And Ornaments IPO - Issue Objectives
- To meet the Working Capital requirements of the Company
- To meet the General Corporate Purposes
Other Details
Avax Apparels And Ornaments
611 6th Floor, Jaina Tower II Distt. Centre, Janakpuri, West Delhi,-110058Skyline Financial Services Private Ltd
Avax Apparels And Ornaments IPO - FAQs
Ans. Avax Apparels And Ornaments Limited IPO is a SME IPO. The issue is priced at ₹70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 7, 2025, and closes on Jan 9, 2025. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Avax Apparels And Ornaments Limited IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.
Ans. The size of Avax Apparels And Ornaments Limited IPO is 274,000 shares(aggregating up to ₹1.92 Cr).
Ans. The IPO price band is set between ₹70 per equity share.
Ans. To apply for Avax Apparels And Ornaments Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Avax Apparels And Ornaments Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Avax Apparels And Ornaments Limited IPO is Jan 10, 2025.
Ans. The Avax Apparels And Ornaments Limited IPO will be listed on Jan 14, 2025.
Ans. Follow the steps to check the allotment status for Avax Apparels And Ornaments Limited IPO here.
