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.
After establishing in 2005, Avax Apparels started a business in two different areas such as; wholesale trading and online retail of silver ornaments. Additionally, it sells large quantities of knitted fabric to other companies and jewelry products such as anklets, bracelets a bangles, bowls, and chains through its website. The company has key advantages in wholesale trading. Its location in a major cloth manufacturing area gives it an edge.
IPOWatch View
We recommend investors may apply for an IPO with Caution (Avoid). Investors should also look at the QIB, NII, and Retail numbers before investing.
Avax Apparels and Ornaments IPO Subscription Status -Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 10.54 | 18.28 | 140.46 |
| RII | 87.69 | 139.45 | 372.29 |
| Total | 49.12 | 78.86 | 260.39 |
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.
