Avax Apparels and Ornaments IPO Date, Review, Price, Allotment Details

Avax Apparels And Ornaments IPO open date is September 20, 2024 and the IPO will close on September 24, 2024. Avax Apparels And Ornaments IPO is a Fixed Price Issue. The company to raise around ₹1.92 crores via IPO that comprises fresh issue of ₹1.92 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Avax Apparels And Ornaments IPO price band is ₹70 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Avax Apparels And Ornaments IPO to list on BSE on September 27, 2024. The allotment of Avax Apparels And Ornaments IPO date is September 25, 2024.

The company reported revenue of ₹22.06 crores in 2024 against ₹14.70 crore in 2023. The company reported profit of ₹1.38 crores in 2024 against profit of ₹0.69 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Avax Apparels And Ornaments IPO

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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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹140,000
Retail Maximum12000₹140,000
HNI Minimum24000₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Anand Rayons Limited2.0921.609.0224.23 Cr.
Aarnav Fashions Limited1.3341.33.242.46 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/

Avax Apparels And Ornaments IPO FAQs

What is Avax Apparels And Ornaments IPO?

Avax Apparels And Ornaments IPO is a main-board IPO. The company is going to raise ₹1.92 Crores via IPO. The issue is priced at ₹70 pr equity share. The IPO is to be listed on BSE.

When Avax Apparels And Ornaments IPO will open for subscription?

The IPO is to open on September 20, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 24, 2024.

What is Avax Apparels And Ornaments IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.

How to Apply the Avax Apparels And Ornaments IPO?

You can apply for Avax Apparels And Ornaments IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Avax Apparels And Ornaments IPO Issue Size?

Avax Apparels And Ornaments IPO issue size is ₹1.92 crores.

What is Avax Apparels And Ornaments IPO Price Band?

Avax Apparels And Ornaments IPO Price Band is ₹70.

What is Avax Apparels And Ornaments IPO Lot Size?

The minimum bid is 2000 Shares with ₹140,000 amount.

What is the Avax Apparels And Ornaments IPO Allotment Date?

Avax Apparels And Ornaments IPO allotment date is September 25, 2024.

What is the Avax Apparels And Ornaments IPO Listing Date?

Avax Apparels And Ornaments IPO listing date is September 27, 2024. The IPO is to list on BSE.

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).
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