Avax Apparels And Ornaments IPO Details
| IPO Open Date: | September 20, 2024 |
| IPO Close Date: | September 24, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹70 Per Share |
| Issue Size: | Approx ₹1.92 Crores |
| Fresh Issue: | Approx ₹1.92 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Avax Apparels And Ornaments IPO IPO Market Lot
The Avax Apparels And Ornaments IPO minimum market lot is 2000 shares with ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| HNI Minimum | 2 | 4000 | ₹280,000 |
Avax Apparels And Ornaments IPO Dates
The Avax Apparels And Ornaments IPO date is September 20 and the close date is September 24. The Avax Apparels And Ornaments IPO allotment will be finalized on September 25 and the IPO listing on September 27.
| 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 |
Promoters of Avax Apparels And Ornaments IPO
The promoters of the company are Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar.
About Avax Apparels And Ornaments IPO
Avax Apparels and Ornaments Limited is engaged in two distinct lines of business: one is Wholesale trading and the second is Online retail of silver ornaments. They are operating in the wholesale trading of knitted cloth which they are buying from the manufacturers and supplying to the wholesale companies and readymade garment manufacturers in Punjab. The company has recently purchased new and latest machinery for manufacturing of knitted cloth. The Company operates in the business of online retail of silver ornaments which have a wide range of designs and articles with a choice of the weight of products, such as silver rings, silver ladies’ pajeb, silver gents kada, silver plate sets, silver glass, silver bangles, silver bowls, silver chains, and other silver jewellery. The company has a plan to start manufacturing in a short period of time, a step towards backward integration. They aim to manufacture what they have been outsourcing till now.
Avax Apparels And Ornaments IPO Company Financial Report
The company reported revenue of ₹22.06 crores in 2024 against ₹14.70 crores in 2023. The company reported a profit of ₹1.38 crores in 2024 against a profit of ₹0.69 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹0.29 | ₹0.28 | ₹0.01 | ₹0.58 |
| 2023 | ₹14.70 | ₹13.76 | ₹0.69 | ₹3.47 |
| 2024 | ₹22.06 | ₹20.12 | ₹1.38 | ₹4.85 |
Avax Apparels And Ornaments IPO Valuation – FY2024
Check Avax Apparels And Ornaments IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 43.91% |
| ROCE: | 37.50% |
| EBITDA Margin: | 9.52% |
| PAT Margin: | 6.26% |
| Debt to equity ratio: | 0.23 |
| Earning Per Share (EPS): | ₹18.06 (Basic) |
| Price/Earning P/E Ratio: | 3.88 |
| Return on Net Worth (RoNW): | 43.91% |
| Net Asset Value (NAV): | ₹41.13 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Anand Rayons Limited | 2.09 | 21.60 | 9.02 | 24.2 | 3 Cr. |
| Aarnav Fashions Limited | 1.33 | 41.3 | 3.2 | 42.4 | 6 Cr. |
Objects of the Issue
- To meet the Working Capital requirements of the Company;
- To meet the General Corporate Purposes
Avax Apparels And Ornaments IPO Review
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Avax Apparels And Ornaments IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- SKI Capital Services Limited
Company Address
Avax Apparels And Ornaments Limited
611 6th Floor
r Jaina Tower II Distt. Centre
anakpuri, West Delhi,-110058
Phone: +011-44750642
Email: [email protected]
Website: https://avaxapparels.com/
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Note: The Avax Apparels And Ornaments IPO price band and date are officially announced. The (Avax Apparels And Ornaments IPO grey market premium) will be added to the IPO GMP page as it will start).
