The Avax Apparels and Ornaments IPO minimum market lot is 2000 shares with ₹140,000 application amount. The Avax Apparels and Ornaments IPO is a SME IPO, and it is to be listed on BSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Avax Apparels and Ornaments IPO Subscription Status – Day 1
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 0.00 | 0.00 | 0.00 |
| RII | 0.00 | 0.00 | 0.00 |
| Total | 0.00 | 0.00 | 0.00 |
Avax Apparels and Ornaments IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Avax Apparels and Ornaments IPO Review
- Avoid
Avax Apparels and Ornaments IPO Form
How to apply for the Avax Apparels and Ornaments IPO? You can apply for Avax Apparels and Ornaments IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Avax Apparels and Ornaments IPO in the Invest section. The other option is you can apply for Avax Apparels and Ornaments IPO via IPO forms downloaded online. Check out the Avax Apparels and Ornaments forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
