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 |
