Avax Apparels And Ornaments IPO 7th Jan : Everything You Need to Know
Avax Apparels And Ornaments India Ltd is an SME IPO of the fixed price aggregating ₹ 1.92 crores at an all new chapter for investor’s interested for this niche sector. It is altogether a fresh issue of 2.74 lacs shares as well as unlock entry gate from the retail, as well as HNI investor. This IPO is scheduled to be launched on 7th January 2025 and close on 9th January 2025
Due to its prospects and strategic delights, it is expected to attract huge interest. The shares are scheduled to get listed on the BSE SME platform on 14th January, 2025 with the allotment scheduled to finalize on 10th January, 2025.
IPO Pricing and Investment Details
IPO Price – The issue is at a price of ₹ 70 per equity share, as it carries a face value of ₹ 10 per equity share. Minimum Lot: 2000 Shares: Which works out to be minimum retail investment at ₹ 1,40,000; Minimum two lots: Works out to ₹ 2,80,000 in respect of High Net worth Individual Pricing policy by the Company demonstrates an attraction to serious investors and investors with such SME focus who actually recognize this value proposition.
IPO Investment Table
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
IPO Timeline Table html Copy code
| Event | Date |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat | January 13, 2025 |
| Listing Date | January 14, 2025 |
Financials Table
| Period Ended | Assets (₹ Lakhs) | Revenue (₹ Lakhs) | Profit After Tax (₹ Lakhs) | Net Worth (₹ Lakhs) |
|---|---|---|---|---|
| 30 Sep 2024 | 1,089.09 | 1,500.93 | 90.61 | 405.3 |
| 31 Mar 2024 | 484.6 | 2,205.98 | 138.19 | 314.68 |
| 31 Mar 2023 | 346.89 | 1,470.21 | 69.44 | 176.49 |
| 31 Mar 2022 | 57.66 | 28.87 | 1.01 | 1.65 |
Business Overview and Competitive Strengths
Avax Apparels And Ornaments Limited, incorporated in June 2005, is a company dealing with two major business areas: wholesale trading of knitted fabrics and online silver ornament retailing. The company offers a wide variety of silver jewelry items such as rings, payals, kadas, bangles, chains, etc. Located strategically in a cloth manufacturing hub, Avax has a vital locational advantage that gives it a competitive edge in the market.
A strong network within the industry and an experienced team have helped maintain the company in good standing. The major advantages are good customer relations, business relationships, and a professional team that makes operations run smoothly.
The Avax Apparels And Ornaments IPO presents a large opportunity and potential for exposure among the investors to invest in the business that maintains a good record and competitive benefits with growth opportunity. Its strategic wholesales trading and online retail benefits along with good financials and professional management make it one of the greatest SME platform-based IPOs. With alluring pricing and affordable thresholds, these appeals will likely attract the massive and heterogeneous array of investors.
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