Avax Apparels And SME IPO
ListedBSE SMEOpens 7 January 2025Closes 9 January 2025
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,…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
7 Jan 2025
IPO Closes
9 Jan 2025
Allotment
10 Jan 2025
Listing
14 Jan 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 7 January 2025 |
| IPO Close Date | 9 January 2025 |
| Allotment Date | 10 January 2025 |
| Listing Date | 14 January 2025 |
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.
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 |
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
Frequently Asked Questions
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Sources
We match Avax Apparels And SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Skyline Financial Services Private LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.