Avax Apparels and Ornaments IPO
IPO Details
- Open Date
07 Jan 2025
- Close Date
09 Jan 2025
- IPO Price Range
₹ 70
- IPO Size
₹ 1.92 Cr
- Listing Exchange
BSE SME
- Listing Date
14 Jan 2025
IPO Timeline
Avax Apparels and Ornaments IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 7-Jan-25 | - | 6.29 | 49.55 | 27.92 |
Last Updated: 07 January 2025 5:34 PM by 5Paisa
Avax Apparels And Ornaments IPO is set to open on 7 January 2025 and will close on 9 January 2025. Avax Apparels And Ornaments specializes in wholesale trading of knitted fabric and online retail of silver ornaments like rings, payal, and bangles.
The IPO is an entirely fresh issue of 0.03 Cr shares aggregating to ₹1.92 Cr. The price is set at ₹70 per share and the lot size is 2,000 shares.
The allotment is scheduled to be finalised on 10 January 2025. It will go public on BSE SME, with a tentative listing date of 14 January 2025.
SKI Capital Services Ltd is the book running lead manager, while Skyline Financial Services Pvt 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 |
IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| NII (HNI) | 6.29 | 1,30,000 | 8,18,000 | 5.73 |
| Retail | 49.55 | 1,30,000 | 64,42,000 | 45.09 |
| Total** | 27.92 | 2,60,001 | 72,60,000 | 50.82 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
1. To meet the Working Capital requirements of the Company;
2. To meet the General Corporate Purposes
Avax Apparels And Ornaments Limited specializes in wholesale trading of knitted fabric and online retail of silver ornaments like rings, payal, and bangles. Leveraging its location in a textile hub, strong customer relations, and experienced management, the company thrives in meeting growing demand. It employs seven professionals as of September 2024.
Established in: 2005
Managing Director: Mr. Harinderpal Singh Sodhi
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 | 0.72 | - | 0.30 |
| 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 | 0.20 | 0.13 |
Strengths
1. Strategic location in a major textile manufacturing hub.
2. Strong business relationships with industry players.
3. Diverse product portfolio in silver ornaments and fabrics.
4. Experienced and professional management team.
5. Proven track record with consistent growth.
Risks
1. Heavy reliance on regional manufacturing ecosystem.
2. Limited employee base for scaling operations.
3. Competition in online retail and wholesale segments.
4. Dependence on market demand fluctuations.
5. Lack of presence in international markets.
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FAQs
Avax Apparels And Ornaments IPO opens from 7 January 2025 to 9 January 2025.
The size of Avax Apparels And Ornaments IPO is ₹1.92 Cr.
The price of 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 2000 shares and the investment required is ₹140,000.
The share allotment date of Avax Apparels And Ornaments IPO is 10 January 2025
The Avax Apparels And Ornaments IPO will be listed on 14 January 2025.
SKI Capital Services Ltd is the book running lead manager for Avax Apparels And Ornaments IPO.
Avax Apparels And Ornaments plans to utilise the raised capital from the IPO for:
1. To meet the Working Capital requirements of the Company;
2. To meet the 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
