The Avax Apparels And Ornaments IPO has been structured as a fixed price issue of ₹1.92 crores, consisting entirely of a fresh issue of 2.74 lakh shares.
The IPO subscription period is scheduled to open on January 7, 2025, and close on January 9, 2025. The allotment is expected to be finalized on Friday, January 10, 2025, with the listing anticipated on the BSE SME platform on Tuesday, January 14, 2025.
The IPO price has been set at ₹70 per share. Applications are required to be made for a minimum lot size of 2,000 shares, requiring a retail investor to invest at least ₹1,40,000. High-net-worth individuals (HNIs) are required to invest in a minimum of 2 lots (4,000 shares), amounting to ₹2,80,000.
Get the Avax Apparels And Ornaments IPO RHP for detailed information.
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | January 14, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 70 to ₹ -- / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹1.92 Cr |
| Fresh Issue | ₹1.92 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,65,158 |
| Share holding post issue | 10,39,158 |
| Market Maker portion | 14,000 |
Avax Apparels And Ornaments Limited IPO opens on January 7, 2025, and closes on January 9, 2025.
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat | January 13, 2025 |
| Listing Date | January 14, 2025 |
| Cut-off time for UPI mandate confirmation | January 9, 2025 |
A minimum of 2,000 shares can be bid for by investors, with additional bids placed in multiples thereof. The table below illustrates the minimum and maximum investment requirements for retail investors and HNIs in terms of shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | |
| Retail (Max) | 1 | 2,000 | |
| S-HNI (Min) | 2 | 4,000 | |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 57.00% |
| Share Holding Post Issue | 41.97% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 50% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 50% of the Net Issue |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Incorporated in June 2005, Avax Apparels And Ornaments Limited is engaged in two distinct business operations:
Knitted fabric is supplied on a wholesale basis, while silver ornaments are sold online, including rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. These products are distributed to all major cities nationwide.
Several key advantages in wholesale trading are leveraged by the company. Being geographically located in a prominent hub of cloth manufacturing provides a considerable edge. Additionally, the growing demand for these products and the strong business relationships established by the management contribute significantly to the company's success in this segment.
| KPI | Values |
|---|---|
| ROE | 43.91% |
| ROCE | 61.68% |
| Debt/Equity | |
| RoNW | 43.91% |
| P/BV | |
| PAT Margin (%) | 6.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.06 | 17.44 |
| P/E (x) | 3.88 | 4.01 |
The net proceeds from the issue are proposed to be utilized for the following purposes:
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/ |
Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
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