Avax Apparels And Ornaments Limited
Avax Apparels And Ornaments Limited
Price Band
₹70
Total Issue
₹1.92 Cr
Bid Dates
07 Jan - 09 Jan
Subscription
-
Est. GMP
₹0 (0.00%)
Tentative Timetable
Business Overview
Avax Apparels and Ornaments Limited operates in two main business segments: wholesale trading of knitted cloth and online retail of silver ornaments. Based in Punjab, India, the company has a strong foothold in the regional textile market, known for offering high-quality knitted fabrics at competitive prices while staying aligned with current fashion trends. Its second business, conducted via https://blushines.com, focuses on selling sterling silver jewellery online, including customizable necklaces, rings, earrings, and more. With a user-friendly and secure e-commerce platform, the company is committed to quality, affordability, and customer satisfaction
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Individual (Min) | 1 | 2,000 | ₹1,40,000 |
| Individual (Max) | 1 | 2,000 | ₹1,40,000 |
| Others (Min) | 2 | 4,000 | ₹2,80,000 |
Issue Size
Objects of the Issue
A1
A2
A3
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|
Avax Apparels and Ornaments IPO Peer Comparison
(Rs. in crores)
| Particulars | Co. | Anand Rayons | Aarnav Limited |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 22.06 | 344.26 | 356.49 |
| PAT (In Crs.) | 0.91 | 1.59 | 3.93 |
| EPS - Basic | 18.06 | 2.09 | 1.33 |
| NAV per share | 52.97 | 25.30 | 43.30 |
| RONW | 44.72% | 8.37% | 4.30% |
| EBITDA | 9.52% | 2.14% | 7.70% |
| PAT Margin | 6.26% | 0.91% | 1.69% |
| Price to earning (PE) | 3.88 | 21.60 | 41.30 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of  November 18, 2024 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 15.01 | 22.06 | 14.70 | 0.29 |
| Profit after Tax | 0.91 | 1.38 | 0.69 | 0.01 |
| Net Worth | 4.05 | 3.15 | 1.76 | 0.02 |
| Total Borrowing | 0.72 | 0.72 | 0.00 | 0.30 |
| Total Assets | 10.89 | 4.85 | 3.47 | 0.58 |
| NAV per share (in ₹) | 52.97 | 41.13 | 23.07 | 15.28 |
| EPS - Basic (in ₹) | 11.84 | 18.06 | 9.07 | 0.94 |
KPIs
EBITDA
9.52%
PAT
6.26%
ROE
43.91%
ROCE
61.68%
PE Ratio
3.88
PB Ratio
1.70
Mkt Cap (in Crs.)
7.27
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Shareholding
Promoter
57.00%
Public
43.00%
Management
Subscription Status
Updated as on Last updated time: N/A
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| Total | -0.05x | 2,60,000 | -14,000 |
Frequently Asked Questions
What is Avax Apparels and Ornaments IPO?
When will Avax Apparels and Ornaments IPO open?
What is the GMP of Avax Apparels and Ornaments IPO?
What is the lot size of Avax Apparels and Ornaments IPO?
When is the allotment of Avax Apparels and Ornaments IPO?
What is the listing date of Avax Apparels and Ornaments IPO?
What is the subscription of Avax Apparels and Ornaments IPO?
What is the price band of Avax Apparels and Ornaments IPO?
How to check allotment status of Avax Apparels and Ornaments IPO?
How to apply Avax Apparels and Ornaments IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Avax Apparels and Ornaments IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Avax Apparels and Ornaments IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Avax Apparels and Ornaments IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date