Avax Apparels And Ornaments Limited IPO (Avax Apparels And Ornaments IPO) Detail
Avax Apparels And Ornaments IPO is a fixed price issue of Rs 1.92 crores. The issue is entirely a fresh issue of 2.74 lakh shares.
Avax Apparels And Ornaments IPO bidding started from January 7, 2025 and ended on January 9, 2025. The allotment for Avax Apparels And Ornaments IPO was finalized on Friday, January 10, 2025. The shares got listed on BSE SME on January 14, 2025.
Avax Apparels And Ornaments IPO price is ₹70 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,40,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,80,000.
SKI Capital Services Limited is the book-running lead manager of the Avax Apparels And Ornaments IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Avax Apparels And Ornaments IPO is SKI Capital Services Limited.
Refer to Avax Apparels And Ornaments IPO RHP for detailed information.
Avax Apparels And Ornaments Ltd Stock Quote & Charts
- Open: ₹111.55
- High – Low: ₹111.55 – ₹105.00
- Previous Close: ₹115.95
- Total Traded Value: 10,000.00
- 52 Weeks High: ₹97.55 (Jan 14, 2025)
- 52 Weeks Low: ₹132.67 (Jan 24, 2025)
- Updated On: Jan 14, 2025 4:00 PM
Avax Apparels And Ornaments IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 2,74,000 shares (aggregating up to ₹1.92 Cr) |
| Fresh Issue | 2,74,000 shares (aggregating up to ₹1.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 7,65,158 shares |
| Share Holding Post Issue | 10,39,158 shares |
| Market Maker Portion | 14,000 shares SKI Capital Services Limited |
Avax Apparels And Ornaments IPO Reservation
Avax Apparels And Ornaments IPO offers 2,74,001 shares. 1,30,000 (47.45%) to NII, 1,30,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 14,000 (5.11%) |
| Other Shares Offered | 1,30,000 (47.45%) |
| Retail Shares Offered | 1,30,000 (47.45%) |
| Total Shares Offered | 2,74,001 (100%) |
Avax Apparels And Ornaments IPO Timeline (Tentative Schedule)
Avax Apparels And Ornaments IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | Tue, Jan 7, 2025 |
| IPO Close Date | Thu, Jan 9, 2025 |
| Tentative Allotment | Fri, Jan 10, 2025 |
| Initiation of Refunds | Mon, Jan 13, 2025 |
| Credit of Shares to Demat | Mon, Jan 13, 2025 |
| Tentative Listing Date | Tue, Jan 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 9, 2025 |
Avax Apparels And Ornaments IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
| Lot Size Calculator | |||
Avax Apparels And Ornaments IPO Promoter Holding
| Share Holding Pre Issue | 57.00% |
| Share Holding Post Issue | 41.97% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Avax Apparels And Ornaments Limited
Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- Online retail of silver ornaments
The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies’ payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.
The company has several key advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company’s success in this segment.
Competitive Strengths
- Locational advantage
- Good network and connections with the players in the Sector
- Excellent Customer Relations
- Experienced and professional Team
- Good Track record of the management
As of September 2024, the company has 7 full term employees.
Company Financials
Avax Apparels And Ornaments Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,089.09 | 484.6 | 346.89 | 57.66 |
| Revenue | 1,500.93 | 2,205.98 | 1,470.21 | 28.87 |
| Profit After Tax | 90.61 | 138.19 | 69.44 | 1.01 |
| Net Worth | 405.3 | 314.68 | 176.49 | 1.65 |
| Total Borrowing | 72.02 | 71.5 | 30 | |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator (KPI)
The market capitalization of Avax Apparels And Ornaments IPO is Rs 7.27 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 43.91% |
| ROCE | 61.68% |
| RoNW | 43.91% |
| PAT Margin | 6.26 |
| Price to Book Value | 1.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.06 | 17.44 |
| P/E (x) | 3.88 | 4.01 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Avax Apparels And Ornaments IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- To meet the Working Capital requirements of the Company;
- To meet the General Corporate Purposes
Avax Apparels And Ornaments IPO Review May apply
[Dilip Davda] The company is engaged in wholesale trading of cloth and online retailing of silver ornaments. It marked growth in its top and bottom lines for the reported periods and based on FY24 earnings, the issue appears lucratively priced. But considering tiny post-IPO equity and the highly competitive and fragmented segment raises concern over sustainability of such margins going forward. Small equity base post listing also indicates longer gestation period. We are witnessing fancy for textile segment counters. Well-informed investors may park moderate fund in this lucrative but “High Risk/Low Return” bet. Read detail review…
Avax Apparels And Ornaments IPO Subscription Status (Bidding Detail)
The Avax Apparels And Ornaments IPO is subscribed 260.42 times on January 9, 2025 6:19:09 PM (Day 3). The public issue subscribed 372.35 times in the retail category, [.] times in the QIB category, and 140.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 140.46 | 1,30,000 | 1,82,60,000 | 1,824 |
| Retail | 372.35 | 1,30,000 | 4,84,06,000 | 24,203 |
| Total | 260.42 | 2,60,001 | 6,77,10,000 | 28,111 |
Total Application : 28,111
*Market Maker portion is not included to NII/HNI.
Avax Apparels And Ornaments IPO Prospectus
Avax Apparels And Ornaments IPO Listing Details
| Listing Date | January 14, 2025 |
| BSE Script Code | 544337 |
| NSE Symbol | |
| ISIN | INE0NQ401016 |
| Final Issue Price | ₹70 per share |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹133.00 |
| Low | ₹133.00 |
| High | ₹139.65 |
| Last Trade | ₹139.65 |
Check IPO Performance…
Avax Apparels And Ornaments Limited Contact Details
Avax Apparels And Ornaments Limited
611 6th Floor
Jaina Tower II Distt. Centre
Janakpuri, West Delhi,-110058
Phone: +011-44750642
Email: secretarial@avaxapparels.com
Website: https://avaxapparels.com/
Avax Apparels And Ornaments IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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