Avax Apparles And Oranmetns Liimted IPO

NiftyTrader • September 17, 2024

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Avax Apparles And Oranmetns Liimted IPO

Avax Apparels And Ornaments Limited IPO opens on September 20, 2024, and closes on September 24, 2024. The Avax Apparels And Ornaments Limited IPO allotment is anticipated to be completed on Wednesday, September 25, 2024. Avax Apparels And Ornaments Limited IPO will be listed on BSE SME with a tentative listing date fixed as Friday, September 27, 2024.

Avax Apparels And Ornaments Limited IPO’s price band is 70 per share. The IPO is a book-built issue of Rs 1.92 crores. The issue is entirely a fresh issue of 2.74 lakh shares.

Avax Apparels And Ornaments IPO Details

IPO Date	September 20, 2024 to September 24, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹70 per share
Lot Size	2000 Shares
Total Issue Size	274,000 shares (aggregating up to ₹1.92 Cr)
Fresh Issue	274,000 shares (aggregating up to ₹1.92 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Shareholding pre-issue	765,158
Shareholding post-issue	1,039,158
Market Maker portion	14,000 shares

Avax Apparels And Ornaments IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹140,000
Retail (Max)	1	2000	₹140,000
S-HNI (Min)	2	4000	₹280,000

Avax Apparels And Ornaments IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

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

About Avax Apparels And Ornaments Limited

Avax Apparels And Ornaments Limited, established in June 2005, excels in wholesale trading of knitted fabric and online retail of silver jewelry, including rings, bangles, and plate sets. Located in a prime cloth manufacturing hub, the company leverages strong industry connections, experienced management, and a solid track record to maintain a competitive edge. With a team of 7 dedicated employees, Avax benefits from robust customer relationships and growing product demand, supporting its success across major cities nationwide.

Avax Apparels And Ornaments Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
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
Net Worth	314.68	176.49	1.65
Total Borrowing	41.13	23.07	15.28
			Amount in ₹ Lakhs

Avax Apparels And Ornaments IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Avax Apparels And Ornaments IPO Timeline

Avax Apparels And Ornaments IPO opens on September 20, 2024, and closes on September 24, 2024.

IPO Open Date	Friday, September 20, 2024
IPO Close Date	Tuesday, September 24, 2024
Basis of Allotment	Wednesday, September 25, 2024
Initiation of Refunds	Thursday, September 26, 2024
A credit of Shares to Demat	Thursday, September 26, 2024
Listing Date	Friday, September 27, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 24, 2024