Avax Apparels And Ornaments Limited
Avax Apparels And Ornaments Limited
SME BSE SME Fixed Price
Closed

Price Band

₹70

Total Issue

₹2 Cr

Bid Dates

07 Jan - 09 Jan

Subscription

0.00x

Listing Price

₹133 (90.00%)

Website RHP Check Allotment

Valuation

Market Cap

₹7.27 Cr

P/E Ratio

3.88x

P/B Ratio

1.70x

Avax Apparels and Ornaments IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

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

Avax Apparels and Ornaments IPO Lot Size

Lot Information for Avax Apparels and Ornaments IPO
Category Lots Shares Amount
Ind (Min) 1 2,000 ₹1,40,000
Ind (Max) 1 2,000 ₹1,40,000
Others (Min) 2 4,000 ₹2,80,000
Allocate Funds
Market Maker
14,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Avax Apparels and Ornaments IPO Size

Total ₹2 Cr
Fresh Issue
₹2 Cr (0.03 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. To meet out the Working Capital requirements of the Company
  2. To meet out the General Corporate Purposes

Avax Apparels and Ornaments IPO Live Subscription

Updated as on Last updated time: N/A

Avax Apparels and Ornaments IPO Subscription Status
Category Sub (x) Offered Bids
Retail 0.00x 1,30,000 0
Others 0.00x 1,30,000 0
Total 0.00x 2,60,000 0

Avax Apparels and Ornaments IPO Details Live GMP

GMP ₹0
Est. Price ₹70
Est. Gain 0.00%

Avax Apparels and Ornaments IPO Peer Comparison

(Rs. in crores)

Avax Apparels and Ornaments IPO Peer Comparison Table
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

Avax Apparels and Ornaments IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Avax Apparels and Ornaments IPO
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

Key Performance Indicators (KPIs)

EBITDA

9.52%

PAT

6.26%

ROE

43.91%

ROCE

61.68%

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.

Promoter Holding

Promoter

57.00%

Public

43.00%

Harinderpal Singh Sodhi 28.50%
Harish Kumar 28.50%

Management

Mr. Harinderpal Singh Sodhi
MD
Mr. Rajesh Singla
CFO

Registrar & Lead Managers

Registrar

Skyline Financial Services

Lead Managers (1)

SKI Capital

Company Details

Name: Avax Apparels and Ornaments Limited

Address: 611 6th Floor Jaina Tower II Distt. Centre Janakpuri, West Delhi, Delhi- 110058

Number: +011-44750642/ +91-9599497767

Email: secretarial@avaxapparels.com

Website: https://www.avaxapparels.com

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Frequently Asked Questions (FAQs)

What is Avax Apparels and Ornaments IPO?
Avax Apparels and Ornaments IPO is a SME IPO having an issue size of ₹2 Crs. Avax Apparels and Ornaments IPO is priced at ₹70 - ₹70 per share. The issue opens on 07 Jan 25 and closes on 09 Jan 25.
When will Avax Apparels and Ornaments IPO open?
Avax Apparels and Ornaments IPO opens on 07 Jan 25 and closes on 09 Jan 25.
What is the GMP of Avax Apparels and Ornaments IPO?
The estimated Grey Market Premium of Avax Apparels and Ornaments IPO is ₹0 per share (0.00%).
What is the lot size of Avax Apparels and Ornaments IPO?
The minimum lot size of Avax Apparels and Ornaments IPO is 2000 shares & the minimum application amount is Rs. 140000.
When is the allotment of Avax Apparels and Ornaments IPO?
The allotment date of Avax Apparels and Ornaments IPO is 10 Jan 25.
What is the listing date of Avax Apparels and Ornaments IPO?
The listing date of Avax Apparels and Ornaments IPO is 14 Jan 25.
What is the subscription of Avax Apparels and Ornaments IPO?
Avax Apparels and Ornaments IPO is subscribed -.
What is the price band of Avax Apparels and Ornaments IPO?
Avax Apparels and Ornaments IPO is priced at ₹70 - ₹70 per share.
How to check allotment status of Avax Apparels and Ornaments IPO?
Click the allotment link on Avax Apparels and Ornaments IPO page of IPO360.
How to apply Avax Apparels and Ornaments IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Avax Apparels and Ornaments IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Avax Apparels and Ornaments IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Avax Apparels and Ornaments IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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