Avax Apparels IPO description – Incorporated in June 2005, Avax Apparels and Ornaments operates in two distinct business areas: wholesale trading and online retail of silver ornaments. Avax Apparels and Ornaments engages in the wholesale of knitted fabric and the online sale of silver ornaments, offering products like rings, ladies’ payal, gents’ kada, plate sets, glasses, bangles, bowls, chains, and other jewelry. The company supplies its products to all major cities across the country.
The company holds several key advantages in wholesale trading. Its strategic location in the hub of cloth manufacturing offers a significant edge. Additionally, the company benefits from growing demand for its products and the strong business relationships cultivated by management, all of which play a vital role in its success within this segment.
As of September 2024, the company employs 7 full-time employees.
Promoters of Avax Apparels and Ornaments – Harinderpal Singh Sodhi, and Harish Kumar
Table of Contents
Avax Apparels IPO Details
| Avax Apparels IPO Dates | 7 – 9 January 2025 |
| Avax Apparels Issue Price | INR 70 per share |
| Fresh issue | 2,74,000 shares (INR 1.92 crore) |
| Offer For Sale | NIL |
| Total IPO size | 2,74,000 shares (INR 1.92 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,40,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Avax Apparels Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 | H1 FY 2025 |
| Revenue | 28.87 | 1,470.20 | 2,205.98 | 1,500.93 |
| Expenses | 27.52 | 1,375.68 | 2,011.90 | 1,375.03 |
| Net income | 1.01 | 69.44 | 138.19 | 90.61 |
Avax Apparels Offer News
- Avax Apparels RHP
- Avax Apparels Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Avax Apparels Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 9.40 | 9.07 | 18.06 |
| PE ratio | – | – | 3.88 |
| RONW (%) | 61.33 | 39.34 | 43.91 |
| NAV | 15.28 | 23.07 | 41.13 |
| ROCE (%) | 3.20 | 40.45 | 37.50 |
| EBITDA (%) | 4.67 | 6.75 | 9.52 |
Avax Apparels IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 13 January 2025 | 10 | – | 15,000 |
| 11 January 2025 | 10 | – | 15,000 |
| 10 January 2025 | 10 | – | 15,000 |
| 9 January 2025 | 12 | – | 16,000 |
| 8 January 2025 | 15 | – | 22,000 |
| 7 January 2025 | 20 | – | 32,000 |
| 6 January 2025 | 20 | – | 32,000 |
Avax Apparels IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 1,30,000 | 1,30,000 | 2,60,000 |
| 9 Jan 2025 | 148.60 | 372.29 | 260.45 |
| 8 Jan 2025 | 18.38 | 139.45 | 78.92 |
| 7 Jan 2025 | 6.29 | 49.55 | 27.92 |
The market maker reservation portion of 14,000 shares is not included in the above calculations.
Avax Apparels IPO Allotment Status
Avax Apparels IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Avax Apparels IPO Dates & Listing Performance
| IPO Opening Date | 7 January 2025 |
| IPO Closing Date | 9 January 2025 |
| Finalization of Basis of Allotment | 10 January 2025 |
| Initiation of refunds | 13 January 2025 |
| Transfer of shares to demat accounts | 13 January 2025 |
| IPO Listing Date | 14 January 2025 |
| Opening Price on BSE SME | INR 133 per share (up 90%) |
| Closing Price on BSE SME | INR 139.65 per share (up 99.5%) |
Avax Apparels Offer Lead Manager
SKI CAPITAL SERVICES LIMITED
718, Dr Joshi Road,
Karol Bagh, New Delhi- 110005
Phone: +91-011-41189899
Email:Â [email protected]
Website:Â www.skicapital.net
Avax Apparels Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Phone:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
Avax Apparels Issue Contact Details
AVAX APPARELS AND ORNAMENTS LIMITED
611 6th Floor Jaina Tower II Distt.
Centre Janakpuri, West Delhi, Delhi- 110058
Phone: +011-44750642/ +91-9599497767
E-mail: [email protected]
Website: www.avaxapparels.com
Avax Apparels IPO FAQs
What is the Avax Apparels offer size?
Avax Apparels offer size is INR 1.92 crores.
What is the Avax Apparels offer price band?
Avax Apparels public offer price is INR 70 per share.
What is the lot size of the Avax Apparels and Ornaments IPO?
Avax Apparels offer a lot size is 2,000 shares.
What is Avax Apparels IPO GMP today?
Avax Apparels IPO GMP today is INR 10 per share.
What is the Avax Apparels kostak rate today?
Avax Apparels kostak rate today is INR NA per application.
What is Avax Apparels Subject to the Sauda rate today?
Avax Apparels is Subject to the Sauda rate today is INR 15,000 per application.
