Avax Apparels and Ornaments IPO
IPO Details
- Open Date
20 Sep 2024
- Close Date
24 Sep 2024
- IPO Price Range
₹ 70
- IPO Size
₹ 1.92 Cr
- Listing Exchange
BSE SME
- Listing Date
27 Sep 2024
IPO Timeline
Last Updated: 07 October 2024 11:29 AM by 5Paisa
Avax Apparels And Ornaments IPO is set to open on 20 September 2024 and will close on 24 September 2024. The company trades in apparel and operates online, selling a wide range of finished and unfinished clothing products in India. It also offers jewelry under the brand name Blushine.
The IPO includes a fresh issue of 2.74 lakh shares aggregating ₹1.92 Cr and it does not include offer for sale. The price range is set at ₹70 per share and the lot size is 2,000 shares.
The allotment is scheduled to be finalized on 25 September 2024. It will go public on BSE SME, with a tentative listing date of 27 September 2024.
SKI Capital Services Limited is the book running lead manager, while Skyline Financial Services Private Ltd is the registrar.
Avax Apparels IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 1.92 |
| Offer For Sale | - |
| Fresh Issue | 1.92 |
Avax Apparels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
1. To meet the working capital requirements.
2. General corporate purposes.
Avax Apparels And Ornaments, founded in June 2005, is an Indian company that trades in both clothing and jewellery. It deals in finished and unfinished apparel, mainly focusing on knitwear like jackets for men and women. The company buys directly from manufacturers and supplies readymade garment producers in Punjab.
In addition to clothing, the company also sells silver jewellery online under its brand Blushine. Their jewellery collection includes items like silver rings, bangles, chains, and even household items like silver plates and glasses. By September 2024, the company employs seven full time staff members.
Peers
Anand Rayons Ltd
Aarnav Fashions Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 22.06 | 14.70 | 0.29 |
| EBITDA | 2.10 | 0.99 | 0.01 |
| PAT | 1.38 | 0.69 | 0.01 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 4.85 | 3.47 | 0.58 |
| Share Capital | 0.77 | 0.77 | 0.01 |
| Total Borrowings | 0.41 | 0.23 | 0.15 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.11 | -0.36 | -0.14 |
| Net Cash Generated From / (used in) investing activities | -0.87 | -0.18 | -0.03 |
| Net Cash Generated From / (used in) financing activities | 0.68 | 0.73 | 0.30 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.08 | 0.10 | 0.13 |
Strengths
1. The company benefits from a prime location with easy access to key players in the apparel and jewellery sectors, which enhances its business operations and partnerships.
2. Avax Apparels And Ornaments maintains excellent relationships with its customers, helping it build trust and loyalty in the market.
3. The company is supported by an experienced and professional team, along with a management group that has a strong track record of success in the industry.
Risks
1. Any interruptions in the supply chain, such as delays from manufacturers or issues with logistics, could affect the company’s ability to maintain inventory levels and meet customer expectations.
2. Increased competition from other apparel and jewellery companies, both online and offline, may pose a risk to the company’s market share and pricing power.
3. The company may face risks due to fluctuations in market demand and pricing, which can impact its sales and profitability, especially in the apparel and jewellery sectors.
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FAQs
Avax Apparels And Ornaments IPO opens from 20 September to 24 September 2024.
The size of the Avax Apparels And Ornaments IPO is ₹1.92 Cr.
The price of the Avax Apparels And Ornaments IPO is fixed at ₹70 per share.
To apply for Avax Apparels And Ornaments IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Avax Apparels And Ornaments IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Avax Apparels And Ornaments IPO is 2,000 shares and the investment required is ₹1,40,000.
The share allotment date of Avax Apparels And Ornaments IPO is 25 September 2024
The Avax Apparels And Ornaments IPO will be listed on 27 September 2024.
SKI Capital Services Limited is the book running lead manager for Avax Apparels And Ornaments IPO.
Avax Apparels And Ornaments plans to utilize the raised capital from the IPO for:
1. To meet the working capital requirements.
2. General corporate purposes.
Contact Information
Avax Apparels and Ornaments
Avax Apparels And Ornaments Limited
611 6th Floor
r Jaina Tower II Distt. Centre
anakpuri, West Delhi,-110058
Phone: +011-44750642
Email: secretarial@avaxapparels.com
Website: https://avaxapparels.com/
Avax Apparels and Ornaments IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Avax Apparels and Ornaments IPO Lead Manager
SKI Capital Services Limited
