Avax Apparels And Ornaments IPO Subscription.

SME

Avax Apparels And Ornaments: Category HNI offered 1,30,000 shares, applied 1,82,74,000 shares, with a subscription of 140.57x, and total amount raised is 127.92 Cr. Category Retail offered 1,30,000 shares, applied 4,83,98,000 shares, with a subscription of 372.29x, and total amount raised is 338.79 Cr. Category Total offered 2,60,000 shares, applied 6,66,72,000 shares, with a subscription of 256.43x, and total amount raised is 466.70 Cr.

Avax Apparels And Ornaments: For HNI (3 Lots), 65 shares were reserved, max winners were 22, 1,824 were applied, application-wise subscription was 28.06x, and people-based subscription was 87x. For Individual Investor (2 Lots), 65 shares were reserved, max winners were 33, 24,199 were applied, application-wise subscription was 372.29x, and people-based subscription was 756x. Total applications received were 26,028.

Category	Offered	Applied	Times	Total Amount (Rs Cr.)
HNI	1,30,000	1,82,74,000	140.57x	127.92
Retail	1,30,000	4,83,98,000	372.29x	338.79
Total	2,60,000	6,66,72,000	256.43x	466.70

Last Updated : 09 Jan, 2025 05:53:37 PM

Category	Reserved	Applied	Times
QIB	-	5	-
HNI (3 Lots)	65	1,824	28.06x
Individual Investor (2 Lots)	65	24,199	372.29x

Total Applications: 26028

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Institutions like banks, mutual funds, insurance companies, and other SEBI-registered entities fall under the QIB category. They typically invest large sums on behalf of clients or schemes.
Non-Institutional Investors (NII)
This group includes high-net-worth individuals (HNIs), NRIs, trusts, and companies that apply for shares worth more than ₹2 lakhs. Unlike QIBs, SEBI registration is not required.
NII is further split into:
1. sNII (Applications below ₹10 Lakhs)
  Investors bidding between ₹2 lakhs and ₹10 lakhs fall in the Small NII (sHNI) bracket. One-third of the NII portion is set aside for them.
2. bNII (Applications above ₹10 Lakhs)
  Investors applying for more than ₹10 lakhs are classified as Big NIIs (bHNI). Two-thirds of the NII shares are allocated to this sub-category.
Retail Individual Investors (RII)
Individuals or NRIs applying for shares up to ₹2 lakhs are considered retail investors and are part of the RII quota.
Employee (EMP)
This section is reserved for eligible employees of the company participating in the IPO.
Others
Includes eligible shareholders or specific investors with a reserved quota as per the IPO policy.

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