Avax Apparels IPO Details
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| 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 IPO Market Lot
The Avax Apparels IPO minimum market lot is 2,000 shares with ₹1,40,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ₹1,40,000 |
| Retail Maximum | 1 | 2,000 | ₹1,40,000 |
| S-HNI Minimum | 2 | 4,000 | ₹2,80,000 |
Avax Apparels IPO Dates
The Avax Apparels IPO date is January 7 and the close date is January 9. The Avax Apparels IPO allotment will be finalized on January 10 and the IPO listing on January 14.
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Basis of Allotment: | January 10, 2025 |
| Refunds: | January 13, 2025 |
| Credit to Demat Account: | January 13, 2025 |
| IPO Listing Date: | January 14, 2025 |
Promoters of Avax Apparels IPO
The promoters of the company are Harinderpal Singh Sodhi, and Harish Kumar.
About Avax Apparels IPO
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. Moreover, they have good strategies regarding their business such as expanded business relationships, available resources, improved operating efficiency, and building up a professional organization. Financially, the revenue portion is increase by 50% (2,205 lakhs) in 2024 respectively. Mr. Harinderpal Singh Sodhi is the Managing Director and Mr. Harish Kumar is the main member of the leading company. Notably, this company’s majority of work has been completed by skilled women.
Avax Apparels IPO Company Financial Report
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.
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 |
| September 2024 | ₹15.01 | ₹13.75 | ₹0.91 | ₹10.89 |
Avax Apparels IPO Valuation – FY2024
Check Avax Apparels 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: | 61.68% |
| 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: | 2.96 |
| 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 | 8.37 % | 25.3 | 1.59 Cr. |
| Aarnav Fashions Limited | 1.33 | 41.3 | 4.3% | 43.3 | 3.93 Cr. |
Objects of the Issue
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
Avax Apparels IPO Review
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Avax Apparels IPO Registrar
Skyline Financial Services Private Limited
Phone: +91 22 2851 1022
Email: [email protected]
Website: www.skylinerta.com
IPO Lead Managers aka Merchant Bankers
- Ski Capital Services Limited
Company Address
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: [email protected]
Website: www.avaxapparels.com
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Note: The Avax Apparels IPO price band and date are officially announced. The (Avax Apparels IPO grey market premium) will be added to the IPO GMP page as it will start).
