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Avax Apparels and Ornaments Ltd

Trading

Offer Period :

7th to 9th Jan 2025

Avax Apparels and Ornaments Ltd IPO Details

IPO Date 7th to 9th Jan 2025 Minimum Investment ₹140000 / 1 Lots
Listing Date 2025-01-14 Maximum Investment ₹140000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹1.92 Crores
Price ₹70 to ₹70 per share Fresh Issue ₹1.92 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ [-]
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 765158 Shares
Issue Type Fixed Price - SME Shareholding Post Issue 1039158 Shares
IPO Date 7th to 9th Jan 2025
Listing Date 2025-01-14
Face Value ₹10 per share
Price ₹70 to ₹70 per share
Lot Size 1 Lots (2000 Shares)
Listing At BSE-SME
Total Issue Size ₹1.92 Crores
Employee Discount ₹0 per share
Issue Type Fixed Price - SME
Minimum Investment ₹140000 / 1 Lots
Maximum Investment ₹140000 / 1 Lots
Fresh Issue ₹1.92 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 765158 Shares
Shareholding Post Issue 1039158 Shares

About Avax Apparels and Ornaments Ltd IPO

Founding Head: 2005

Managing Director: Harinderpal Singh Sodhi

AVAX APPARELS AND ORNAMENTS LIMITED Timeline

Important dates for allocation and IPO listing.

7th Jan

IPO Opens

9th Jan

IPO Close

10th Jan

Allotment Date

10th Jan

Initiation of Refund

13th Jan

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 57 41.97
Public Group 43 58.03

Avax Apparels and Ornaments Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 130000(47.45%)
Retail Shares Offered 130000(47.45%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 274000
Total Shares With Anchor Investor 274000

Avax Apparels and Ornaments Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹0
Retail (Max) 0 0 ₹0
S HNI (Min) 1 2000 ₹0
S HNI (Max) 0 0 ₹0
B HNI (MIN) 1 2000 ₹0

Avax Apparels and Ornaments Ltd IPO Anchor Investor Details

Bid Date -
Shares Offered 0
Anchor Portion Size 0

Avax Apparels and Ornaments Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91-011-26812682
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Avax Apparels and Ornaments Ltd IPO Lead Manager

1. SKI Capital Services Ltd

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Avax Apparels and Ornaments Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹3.15 ₹1.76 ₹0.02
Reserves and Surplus ₹2.38 ₹1 ₹0.01
Total Borrowing ₹0.71 ₹0 ₹0.3

Avax Apparels and Ornaments Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 1044000 0
Non Institutional Investors (NIIs) 130000 18274000 140.5692
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 130000 0 0
Retail Individual Investors (RIIs) 130000 48406000 372.3539
Total 274000 67724000 247.1679

Strength of Avax Apparels and Ornaments Ltd

1. Company's Core Business.

2. Qualified & Experienced Team.

3. Customers Base.

4. Geographic Exposure.

5. Competitive Advantage.

6. Corporate Governance.

7. Industry Growth Trends.

8. Wide Product Range.

Risks Involved

1. The company Promoters are not the original promoters of the Company.

2. The company does not have long term contracts with most of its suppliers and customers.

3. Its Promoters have limited experience in the current line of business.

4. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

5. The company depends on a limited number of customers for a significant portion of its revenue. The loss of any of the company major customer due to any adverse development or significant reduction in business from its major customer may adversely affect the company's business, financial condition, results of operations and future prospects.

6. The company has experienced negative cash flows from operating and investing activities in the past.

7. The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.

8. The Company has entered into certain related party transactions and may continue to do so in the future.

9. Reliance has been placed on declarations and affidavits furnished by its Directors and Key Management Personnel, for details of their details included in this Prospectus.

10. The Company has delayed payment of Statutory dues.

Why should you invest in

-

Avax Apparels and Ornaments Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

AVAX APPARELS AND ORNAMENTS LIMITED IPO Contact Details

Avax Apparels and Ornaments Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-01-14 544337 -
INE0NQ401016
₹70 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹70 ₹70
Open ₹133 ₹0
Low ₹133 ₹0
High ₹139.65 ₹0
Low ₹133 ₹0

Frequently Asked Questions

What is Avax Apparels and Ornaments Ltd IPO?

Answer Field

Avax Apparels and Ornaments Ltd IPO is a SME IPO of 2,74,000 equity shares of a face value of ₹10 aggregating up to ₹1.92 Crores. The issue is priced at ₹70 to ₹70 per share. The minimum order quantity is 2000 Shares. The IPO opens on January 07, 2025, and closes on January 09, 2025. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Avax Apparels and Ornaments Ltd IPO will open?

Answer Field

The Avax Apparels and Ornaments Ltd IPO opens on January 07, 2025 and closes on January 09, 2025.

What is the lot size of Avax Apparels and Ornaments Ltd?

Answer Field

Avax Apparels and Ornaments Ltd lot size is 2000 shares, and the minimum amount required is ₹1,40,000.

How to apply for Avax Apparels and Ornaments Ltd IPO?

Answer Field

You can apply in Avax Apparels and Ornaments Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Avax Apparels and Ornaments Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Avax Apparels and Ornaments Ltd IPO will be done on January 10, 2025, and the allotted shares will be credited to your demat account by January 13, 2025.

When is Avax Apparels and Ornaments Ltd IPO listing date?

Answer Field

The Avax Apparels and Ornaments Ltd listing date is January 14, 2025.

Who is the registrar of Avax Apparels and Ornaments Ltd IPO?

Answer Field

The registrar of Avax Apparels and Ornaments Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

SKI Capital Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Avax Apparels and Ornaments Ltd IPO?

Answer Field

The fresh issue size is ₹1.92 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Avax Apparels and Ornaments Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,40,000 amount.

How can I approve the UPI mandate request for Avax Apparels and Ornaments Ltd IPO?

Answer Field

To apply for Avax Apparels and Ornaments Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Avax Apparels and Ornaments Ltd?

Answer Field

The price of each Avax Apparels and Ornaments Ltd share will be ranging in between ₹70 to ₹70 per share.

What is the cut-off time for the UPI mandate for Avax Apparels and Ornaments Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 09, 2025.

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