Avax Apparels And SME: Check IPO Date, Live Subscription and Key Details
Avax Apparels And Ornaments Limited is involved in two separate lines of business: Wholesale trading and Online retail of silver ornaments The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.
Price Range
₹70.00
Issue Size
₹1.92 Cr
Lot Size
2,000 shares
IPO Type
BSE SME
GMP
₹20(+28.57%)
Est. Listing Price
₹90
Estimate Profit
₹80,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
17.44
P/E Ratio
4.01
RoNW
43.91%
ROE
43.91%
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Timeline
IPO Opens
7 Jan
IPO Closes
9 Jan
Allotment
10 Jan
Listing
14 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 7 January 2025 | Subscription starts |
| IPO Close Date | 9 January 2025 | Subscription ends |
| Allotment Date | 10 January 2025 | Allotment |
| Listing Date | 14 January 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,80,000 |
SHNI (Min) | 3 | ₹4,20,000 |
SHNI (Max) | 7 | ₹9,80,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,20,000 |
IPO Objectives
- To meet the Working Capital requirements of the Company
- To meet the General Corporate Purposes
Strengths
- Strategic location in a major textile manufacturing hub.
- Strong business relationships with industry players.
- Diverse product portfolio in silver ornaments and fabrics.
- Experienced and professional management team.
- Proven track record with consistent growth.
Weaknesses
- Heavy reliance on regional manufacturing ecosystem.
- Limited employee base for scaling operations.
- Competition in online retail and wholesale segments.
- Dependence on market demand fluctuations.
- Lack of presence in international markets.
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Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 10.89 | 4.85 | 3.47 | 0.58 |
| Revenue (₹ Cr.) | 15.01 | 22.06 | 14.7 | 0.29 |
| PAT (₹ Cr.) | 0.91 | 1.38 | 0.69 | 0.01 |
| Net Worth (₹ Cr.) | 4.05 | 3.15 | 1.76 | 0.02 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Avax Apparels.. | 1.35 | 4.01 | 44.72% | 4.05 |
| Anand Rayons Ltd | 1.8 | 21.6 | 8.37% | 36.26 |
| Aarnav Fashions Ltd | 1.28 | 41.3 | 4.3% | 179 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 6.29x | 18.28x | 140.46x |
| RII | 49.55x | 139.45x | 372.29x |
| Total | 27.92x | 78.86x | 260.39x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| NII | 1,30,000 | 1,82,60,000 | 127.82 |
| RII | 1,30,000 | 4,83,98,000 | 338.79 |
| Total | 2,60,001 | 6,77,02,000 | 473.91 |
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Company Details
- Avax Apparels And Ornaments Limited
- 611 6th Floor Jaina Tower II Distt. Centre Janakpuri, West Delhi,-110058
- +011-44750642
- secretarial@avaxapparels.com
- https://avaxapparels.com/
Registrar Details
- Skyline Financial Services Private Ltd
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php
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