Avax Apparels And Ornaments Limited IPO

BSE SME

Offer Date: Sep 20, 2024 - Sep 24, 2024

₹ 140000 /2000 Shares

Avax Apparels And Ornaments IPO Details

20 Sep, 2024

Open Date

24 Sep, 2024

Close Date

25 Sep, 2024

Allotment Date

27 Sep, 2024

Listing Date

Issue Price

₹70 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Skyline Financial Services Private Ltd

Market Lot

2000 Shares (₹140,000/-)

Lead Manager

SKI Capital Services Limited

Issue Size

274,000 shares(aggregating up to ₹1.92 Cr)

Retail Portion

50%

Subscription

N/A times

IPO Docs

DRHP RHP

Avax Apparels And Ornaments Valuations

EPS Pre IPO

₹18.06/-

EPS Post IPO

₹13.3/-

P/E Pre IPO

3.88

P/E Post IPO

5.26

RoNW

43.91%

Avax Apparels And Ornaments Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	484.6	346.89	57.66
Revenue	2,205.98	1,470.21	28.87
Profit After Tax	138.19	69.44	1.01

About The Company

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 advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company's success in this segment.

Avax Apparels And Ornaments - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

Mr. Harinderpal Singh Sodhi
Mr. Harish Kumar

Avax Apparels And Ornaments IPO - Issue Objectives

To meet the Working Capital requirements of the Company
To meet the General Corporate Purposes

Avax Apparels And Ornaments IPO - FAQs

Ans. Avax Apparels And Ornaments Limited IPO is a SME IPO. The issue is priced at ₹70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 20, 2024, and closes on Sep 24, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Avax Apparels And Ornaments Limited IPO opens on Sep 20, 2024 and closes on Sep 24, 2024.

Ans. The size of Avax Apparels And Ornaments Limited IPO is 274,000 shares(aggregating up to ₹1.92 Cr).

Ans. The IPO price band is set between ₹70 per equity share.

Ans. To apply for Avax Apparels And Ornaments Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Avax Apparels And Ornaments Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Avax Apparels And Ornaments Limited IPO is Sep 25, 2024.

Ans. The Avax Apparels And Ornaments Limited IPO will be listed on Sep 27, 2024.

Ans. Follow the steps to check the allotment status for Avax Apparels And Ornaments Limited IPO here.