Avax Apparels And Ornaments IPO Details
SME
Avax Apparels And Ornaments IPO opens for subscription on 07 Jan 2025 and closes on 09 Jan 2025. The IPO will be listed on BSE with the tentative listing date set for 14 Jan 2025.
Avax Apparels And Ornaments IPO price band has been fixed at ₹70 – ₹70 per share.The face value is ₹10 per share with a lot size of 2000.
Avax Apparels And Ornaments IPO total issue size comprises 2,74,000 shares (aggregating up to ₹1.92 Cr). This includes a fresh issue of 2,74,000 shares (aggregating up to ₹ 1.92 Cr). Pre-issue shareholding stands at 7,65,158, which will increase to 10,39,158 post-issue.
Avax Apparels And Ornaments IPO carries a ₹20 (28.57%) GMP, reflecting investor sentiment.
Avax Apparels And Ornaments IPO Lot Size : Retail Minimum is 1 lot (2,000 shares) amounting to ₹140,000. Retail Maximum is 1 lot (2,000 shares) amounting to ₹140,000. HNI Minimum is 2 lots (4,000 shares) amounting to ₹280,000.
The Lead Managers for Avax Apparels And Ornaments IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is SKI Capital Services Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is SKI Capital Services. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Avax Apparels And Ornaments Limited RHP.
Avax Apparels And Ornaments IPO Details
Avax Apparels And Ornaments IPO Subscription
Avax Apparels And Ornaments IPO Application Wise Breakup
Avax Apparels And Ornaments IPO Dates
- 07 Jan 2025Opening dateOpen
- 09 Jan 2025Closing dateClose
- 10 Jan 2025Allotment Date Allotment
- 13 Jan 2025Initiation of RefundsRefund
- 13 Jan 2025Credit of SharesCredit
- 14 Jan 2025Listing dateListing
Avax Apparels And Ornaments IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| HNI Minimum | 2 | 4000 | ₹280,000 |
Avax Apparels And Ornaments IPO Reservation
Promoter Holding
Avax Apparels And Ornaments IPO Valuations
Avax Apparels And Ornaments Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
About Avax Apparels And Ornaments IPO
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.
Strength Of Avax Apparels And Ornaments IPO
1. Company's Core Business.
2. Qualified & Experienced Team.
3. Customers Base.
4. Geographic Exposure.
5. Competitive Advantage.
6. Corporate Governance.
7. Industry Growth Trends.
8. Wide Product Range.
Risk Of Avax Apparels And Ornaments IPO
1. The company Promoters are not the original promoters of the Company.
2. The company does not have long term contracts with most of its suppliers and customers.
3. Its Promoters have limited experience in the current line of business.
4. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
5. The company depends on a limited number of customers for a significant portion of its revenue. The loss of any of the company major customer due to any adverse development or significant reduction in business from its major customer may adversely affect the company's business, financial condition, results of operations and future prospects.
6. The company has experienced negative cash flows from operating and investing activities in the past.
7. The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.
8. The Company has entered into certain related party transactions and may continue to do so in the future.
9. Reliance has been placed on declarations and affidavits furnished by its Directors and Key Management Personnel, for details of their details included in this Prospectus.
10. The Company has delayed payment of Statutory dues.
Objectives Avax Apparels And Ornaments IPO
- To meet the Working Capital requirements of the Company.
- To meet the General Corporate Purposes.
Company 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Avax Apparels And Ornaments IPO - FAQs
The Avax Apparels And Ornaments IPO is a SME public issue comprising 274000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹1.92 Cr. The issue price has been fixed at ₹70 per equity share, and the minimum application size is 2000 shares.
The IPO opens for subscription on 07 Jan 2025, and closes on 09 Jan 2025.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹20 (28.57%).