Avax Apparels And Ornaments Limited
Avax Apparels And Ornaments Limited(AVAX)
Total Shares
2,74,000
Issue Size
₹1.92 Cr
Price Band
₹70 – ₹70
Lot Size
2000 shares
Min. Investment
₹1,40,000
Max. Investment
₹1,40,000
Open Date
07 Jan, 2025
Close Date
09 Jan, 2025
Allotment
10 Jan, 2025
Listing
14 Jan, 2025
Max. Investment
₹1,40,000
Announced
07 Jan, 2025
Opening Date
07 Jan, 2025
Closing Date
09 Jan, 2025
Basis of Allotment
10 Jan, 2025
Initiation of Refunds
13 Jan, 2025
Credit of Shares
13 Jan, 2025
Listing Date
14 Jan, 2025
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Avax Apparels And Ornaments Limited 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
Avax Apparels And Ornaments Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 35.8% increase in shares
Avax Apparels And Ornaments Limited IPO Financials Health
Avax Apparels And Ornaments Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,40,000 |
| Retail Maximum | 1 | 2000 | ₹1,40,000 |
| HNI Minimum | 2 | 4000 | ₹2,80,000 |
(All values in CR)
Avax Apparels And Ornaments Limited IPO Valuation
| Metric | Value |
|---|---|
| EPS Post IPO | 17.44 |
| EPS Pre IPO | 18.06 |
| P/E Post IPO | 4.01 |
| P/E Pre IPO | 3.88 |
| PAT MARGIN | 6.26 |
| PRICE TO BOOK VALUE | 1.70 |
| ROCE | 61.68% |
| ROE | 43.91% |
| RONW | 43.91% |
(All values in CR)
Strength & Risk of Avax Apparels And Ornaments Limited 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.
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.
Avax Apparels And Ornaments Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 140.57 | 1,30,000 | 1,82,74,000 | 127.92 |
| Market Maker | 1.00 | 14,000 | 14,000 | 0.1 |
| Retail | 372.29 | 1,30,000 | 4,83,98,000 | 338.79 |
| Total | 256.43 | 2,60,000 | 6,66,72,000 | 466.7 |
Avax Apparels And Ornaments Limited IPO GMP
Last updated 19 Sep, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 19 Sep, 2024 | 70 | ₹0▼ | -- | ₹70 (0.00%) | - | 19 Sep, 2024 |
| 04 Jan, 2025 | 70 | ₹21 | 31900 | ₹91 (30.00%) | - | 04 Jan, 2025 |
| 06 Jan, 2025 | 70 | ₹21 | 31900 | ₹91 (30.00%) | - | 06 Jan, 2025 |
| 07 Jan, 2025 | 70 | ₹21▲ | 31900 | ₹91 (30.00%) | - | 07 Jan, 2025 |
| 08 Jan, 2025 | 70 | ₹10 | 15200 | ₹80 (14.29%) | - | 08 Jan, 2025 |
| 09 Jan, 2025 | 70 | ₹10 | 15200 | ₹80 (14.29%) | - | 09 Jan, 2025 |
| 10 Jan, 2025 | 70 | ₹10 | 15200 | ₹80 (14.29%) | - | 10 Jan, 2025 |
| 11 Jan, 2025 | 70 | ₹10▼ | 15200 | ₹80 (14.29%) | - | 11 Jan, 2025 |
| 13 Jan, 2025 | 70 | ₹20 | 30400 | ₹90 (28.57%) | - | 13 Jan, 2025 |
| 14 Jan, 2025 | 70 | ₹20 | 30400 | ₹90 (28.57%) | - | 14 Jan, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Avax Apparels And Ornaments Limited IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Avax Apparels And Ornaments Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
FAQs About Avax Apparels And Ornaments Limited Ipo
Avax Apparels And Ornaments Limited IPO will open on 07 Jan, 2025 and close on 09 Jan, 2025. Investors must apply within this period to participate.
The Avax Apparels And Ornaments Limited IPO price band is set between ₹70.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Avax Apparels And Ornaments Limited IPO shares are expected to be listed on 14 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Avax Apparels And Ornaments Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Avax Apparels And Ornaments Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.