Avax Apparels And Ornaments Limited IPO
BSE SMEListed On: Jan 14, 2025 at ₹ 133.0
₹ 280000 /4000 Shares
*Min Investment
07 Jan, 2025
Open Date09 Jan, 2025
Close Date10 Jan, 2025
Allotment Date14 Jan, 2025
Listing DateAvax Apparels And Ornaments IPO Issue Details
- Issue Price ₹70 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 2,74,000 shares(aggregating up to ₹1.92 crore)
- Fresh Share 2,74,000 shares(aggregating up to ₹1.92 crore)
- Listing at BSE SME
- List Price 133.0
- Listing Date 2025-01-14
- Lead Manager SKI Capital Services Limited
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,40,000 |
| Retail(max) | 1 | 2000 | ₹1,40,000 |
| NII (min) | 2 | 4,000 | ₹2,80,000 |
Avax Apparels And Ornaments IPO Reservation
Avax Apparels And Ornaments IPO offers total 2,74,001 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,30,000 (47.45%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 14,000 (5.11%) | |
| Retail Shares Offered | 1,30,000 (47.45%) | |
| Total Shares Offered | 2,74,001 (100%) |
Avax 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 Analysis And 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
Avax Apparels And Ornaments Company Financials
| 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 Avax Apparels And Ornaments 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)
Mr. Harinderpal Singh Sodhi
Mr. Harish Kumar
Pre Issue Share Holding : 57.00%
Post Issue Share Holding : 41.97%
Avax Apparels And Ornaments IPO - Issue Objectives
To meet the Working Capital requirements of the Company
To meet the General Corporate Purposes
Avax Apparels And Ornaments IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Avax Apparels And Ornaments Limited | 18.06 | 18.06 | 52.97 | 3.88 | 44.72 | 1.35 | Standalone |
| Anand Rayons Ltd | 2.09 | 2.09 | 25.3 | 21.6 | 8.37 | 1.8 | Standalone |
| Aarnav Fashions Ltd | 1.33 | 1.33 | 43.3 | 41.3 | 4.3 | 1.28 | Standalone |
Notes:
- Considering the nature and turnover of the Company's business, the peers are not strictly comparable. However, they have been included for broader comparison.
- Current Market Price (CMP) is the closing price of the respective scrip as of November 18, 2024.
Contact Details
Avax Apparels And Ornaments
611 6th Floor, Jaina Tower II Distt. Centre, Janakpuri, West Delhi,-110058
+011-44750642
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Avax Apparels And Ornaments Limited IPO is 274,000 shares(aggregating up to ₹1.92 Cr).
Ans. The Avax Apparels And Ornaments Limited IPO price band is set between ₹70 per equity share.
Ans. To apply for Avax Apparels And Ornaments Limited 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 Avax Apparels And Ornaments Limited IPO allotment status online.
