Avax Apparels And Ornaments Limited
Fixed Price IPO · BSE
- Price band
- ₹70 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹1.92 cr
- Total subscription
- 256.46×
- Opens
- 7 Jan 2025
- Closes
- 9 Jan 2025
- Allotment
- 10 Jan 2025
- Listing
- 14 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 2,74,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,40,000
- Fresh issue
- ₹1.92 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 7,65,158
- Shares after issue
- 10,39,158
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,40,000 |
| HNI | 2 | 4,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 0.91 | 0 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 23.69 | 18.06 | 9.07 |
| ROE | 21.51 | 43.91 | 39.34 |
| ROCE | 31.06 | 61.68 | 53.56 |
| RONW | 22.36 | 43.91 | 39.34 |
| PRE IPO (PE) | 0 | 3.88 | 0 |
| POST IPO (PE) | 4.01 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in June 2005, Avax Apparels and Ornaments Limited runs two main businesses: wholesale trading of knitted fabric and online retail of silver jewelry. They offer a variety of silver items like rings, anklets, bangles, and more, serving customers in major cities across India. Based in a key cloth manufacturing hub, the company has a strategic edge in its wholesale operations. With strong industry connections, growing demand, and an experienced management team, Avax Apparels continues to thrive. Their strengths include a prime location, a solid industry network, great customer relationships, and a skilled team. As of September 2024, the company has 7 full-time employees.
Strengths
- Prime Location: Located in a major cloth manufacturing hub, making it easy to access resources and reach markets quickly.
- Strong Industry Connections: Well-established relationships with key players in the sector, creating more opportunities for growth and collaboration.
- Outstanding Customer Care: Dedicated to keeping customers happy, ensuring loyalty and repeat business.
Risk factors
- Growing Expertise in Silver Ornaments: The company is still building its experience in selling silver ornaments, which might make it less competitive in this area for now.
- Challenges with Competitive Pricing: Tough competition could make it harder for the company to set its prices freely, potentially affecting profits.
- Limited Financial Resources: With limited funds, the company might face challenges in growing, expanding, or pursuing new innovations.
Promoters
Mr. Harinderpal Singh Sodhi
Mr. Harish Kumar
Registrar & documents
Lead manager
SKI Capital Services Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
611 6th Floor Jaina Tower II Distt. Centre Janakpuri, West Delhi,-110058
+011-44750642
[email protected]Company website ↗Understanding AVAX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.