Avax Apparels And Ornaments IPO
Avax Apparels And Ornaments is a BSE SME IPO listed on the BSE SME platform, priced at ₹70 per share. The stock debuted at ₹133, delivering a listing gain of 90.0%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,40,000.
Avax Apparels And Ornaments Limited IPO
- IPO Dates
- Jan 7, 2025 – Jan 9, 2025
- Price band
- ₹70 per equity share
- Minimum Investment
- ₹1,40,000
- Issue size
- ₹1.92 Cr
- Lot size
- 2000
- Allotment Date
- Jan 10, 2025
- Listing
- Jan 14, 2025
- Listing At
- BSE SME
IPO timeline
-
Jan 7, 2025
Open Date
Completed
-
Jan 9, 2025
Close Date
Completed
-
Jan 10, 2025
Allotment Date
Completed
-
Jan 14, 2025
Listing Date
Completed
Avax Apparels And Ornaments IPO Essentials
Avax Apparels And Ornaments IPO Details
Avax Apparels And Ornaments IPO is priced at ₹70 per share with a total issue size of 1.92 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹70 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 274,000 shares(aggregating up to ₹1.92 Cr)
- Total issue size
- 2,74,000 shares
(aggregating up to ₹1.92 crore) - Fresh issue
- 2,74,000 shares
(aggregating up to ₹1.92 crore) - Listing at
- BSE SME
- List price
- 133.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
SKI Capital Services Limited
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 reservation details show category-wise allocation of shares. Out of the total 2,74,001 shares, approximately 47.45% for retail investors, and 5.11% for market maker.
| 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 Analytics
Avax Apparels And Ornaments IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Avax Apparels And Ornaments IPO Subscription Status
Avax Apparels And Ornaments IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹18.06/-
- EPS Post IPO
- ₹17.44/-
- P/E Pre IPO
- 3.88
- P/E Post IPO
- 4.01
Returns
- ROE
- 43.91%
- ROCE
- 61.68%
- RoNW
- 43.91%
- PAT Margin
- 6.26
Fundamentals
- Price / Book
- 1.70
Avax Apparels And Ornaments Financials( In Lakhs)
| 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 |
Avax Apparels And Ornaments Company & Offer Insights
About Avax Apparels And Ornaments
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 are the company's promoters of Avax Apparels And Ornaments.
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 Information
Contact Details
Avax Apparels And Ornaments
+011-44750642
611 6th Floor, Jaina Tower II Distt. Centre, Janakpuri, West Delhi,-110058
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Avax Apparels And Ornaments IPO is a Fixed Priced IPO worth ₹1.92 crore. The issue price is ₹70 per share (fixed price). The IPO opens on Jan 7, 2025 and closes on Jan 9, 2025. It will be listed on BSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The issue price of Avax Apparels And Ornaments IPO is ₹70 per share (fixed price).
The lot size of Avax Apparels And Ornaments IPO is 2000 shares.
The minimum investment for Avax Apparels And Ornaments IPO is approximately ₹1,40,000 based on the issue price .
Avax Apparels And Ornaments IPO opens on Jan 7, 2025 and closes on Jan 9, 2025.
The allotment date of Avax Apparels And Ornaments IPO is Jan 10, 2025.
Avax Apparels And Ornaments IPO is expected to be listed on Jan 14, 2025, on BSE SME Platform.
Avax Apparels And Ornaments IPO valuation snapshot: P/E 4.01, EPS ₹17.44/-, P/B 1.70, RoNW 43.91%, and market cap N/A.
To apply for Avax Apparels And Ornaments IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Avax Apparels And Ornaments IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Avax Apparels And Ornaments IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Avax Apparels And Ornaments IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Avax Apparels And Ornaments IPO allotment status on IPO Ji for quick and easy access.