The Avax Apparels and Ornaments IPO will open on September 20, 2024, and will conclude on September 24, 2024. Notably, this IPO is a Fixed Price Issue, aiming to raise approximately ₹1.92 crores. Specifically, it will include a fresh issue of ₹1.92 crores along with an offer for sale of equity shares, each with a face value of ₹10.
Table of contents
- Avax Apparels And Ornaments IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Avax Apparels And Ornaments IPO GMP (Grey Market Premium)
- Avax Apparels And Ornaments IPO Application Form PDF
- Avax Apparels And Ornaments IPO Subscription Status
- Avax Apparels And Ornaments IPO Allotment Status
- IPO Review
- Avax Apparels And Ornaments IPO Registrar
- Avax Apparels And Ornaments IPO Lead Manager
- Avax Apparels And Ornaments Limited Contact
- FAQs
Avax Apparels And Ornaments IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Avax Apparels And Ornaments Limited |
| Industry | Textiles & Jewelry |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 20, 2024 |
| Close Date | September 24, 2024 |
| Total Issue Size | ₹1.92 Crores (274,000 Equity Shares) |
| Fresh Issue | ₹1.92 Crores (274,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹70 per share |
| Listing on | BSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Company Details
Avax Apparels and Ornaments Limited operates in two distinct business areas. Firstly, they focus on wholesale trading of knitted cloth, which they source from manufacturers and distribute to wholesale companies and readymade garment manufacturers in Punjab. Additionally, they have recently invested in new machinery for knitted cloth production.
Secondly, the company is involved in the online retail of silver ornaments. Their diverse product range includes silver rings, ladies’ pajeb, gents’ kada, plate sets, glasses, bangles, bowls, chains, and other silver jewelry items. Furthermore, Avax Apparels plans to enhance its operations by starting its own manufacturing soon, aiming to integrate backward by producing what it currently outsource.
Additionally, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- Online retail of silver ornaments
Furthermore, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- Online retail of silver ornaments
The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies’ payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewelry. It supplies all major cities across the country.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 20, 2024 |
| IPO Close Date | September 24, 2024 |
| Basis of Allotment | September 25, 2024 |
| Refunds | September 26, 2024 |
| Credit to Demat Account | September 26, 2024 |
| IPO Listing Date | September 27, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 | ₹41.13 | ₹23.07 | ₹15.28 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4000 | ₹280,000 |
The objective of the Issue
- The funds will be utilized to address the company’s working capital needs.
- Additionally, they will support general corporate purposes, ensuring the company’s operational efficiency and flexibility.
Company Promoters
- Mr. Harinderpal Singh Sodhi
- Mr. Harish Kumar
Avax Apparels And Ornaments IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Avax Apparels And Ornaments IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Avax Apparels And Ornaments Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Avax Apparels And Ornaments IPO Application Form PDF
To download the Avax Apparel and Ornaments IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Avax Apparels And Ornaments IPO Subscription Status
This IPO subscription kicks off on September 20, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Avax Apparels And Ornaments IPO Allotment Status
To check the Avax Apparels And Ornaments IPO allotment status go to the IPO registrar website Skyline or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company’s core business is well-defined; furthermore, it is supported by a qualified and experienced team.
- Additionally, the company boasts a solid customer base and benefits from geographic exposure, which enhances its market reach.
- Collectively, these factors contribute to a significant competitive advantage in the industry.
Risks:
- Firstly, the current promoters are not the original founders of the company.
- Moreover, the company lacks long-term contracts with most of its suppliers and customers.
- Lastly, the promoters’ experience in the current line of business is somewhat limited.
Avax Apparels And Ornaments IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Avax Apparels And Ornaments IPO Lead Manager
SKI CAPITAL SERVICES LIMITED
718, Dr Joshi Road,
Karol Bagh, New Delhi- 110005
Phone: +91-011-41189899
Email: aaolipo@skicapital.net
Website: www.skicapital.net
Avax Apparels And Ornaments Limited Contact
AVAX APPARELS AND ORNAMENTS LIMITED
611 6th Floor Jaina Tower II Distt.
Centre Janakpuri, West Delhi, Delhi- 110058
Phone: +011-44750642/ +91-9599497767
E-mail: secretarial@avaxapparels.com
Website: www.avaxapparels.com
FAQs
The offer size for Avax Apparels is ₹1.92 crores. Consequently, this amount will be raised through the IPO.
The public offer price for Avax Apparels is set at ₹70 per share. This pricing structure provides an opportunity for investors.
The lot size for the Avax Apparels IPO is 2,000 shares. Therefore, investors will need to purchase shares in this minimum quantity.
The allotment date for Avax Apparels and Ornaments’s IPO is September 25, 2024. Following this, investors will know the status of their allocations.
The listing date for the Avax Apparels and Ornaments’s IPO is September 27, 2024. Hence, the shares will be available for trading on BSE from this date.
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