Avax Apparels And SME IPO Subscription Status
Avax Apparels And SME IPO closed on 9 January 2025 with an overall subscription of 260.42x based on shares applied. NII at 140.46x, and retail at 372.29x.
Allotment will be finalised on 10 January 2025. The stock is scheduled to list on NSE and BSE on 14 January 2025.
Issue Price
Rs 70.00
GMP Today
Rs 20.00 (+28.57%)
Overall Subscription
260.42x
Issue Size
₹1.92 Cr
Allotment Date
10 Jan 2025
Listing Date
14 Jan 2025
Avax Apparels And SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 70.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| NII | Rs 91.00 L | Rs 127.82 Cr | 140.46x |
| IND | Rs 91.00 L | Rs 338.79 Cr | 372.29x |
| Total | Rs 1.82 Cr | Rs 466.61 Cr | 256.38x |
Avax Apparels And SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| NII | 1,30,000 | 1,82,60,000 | 140.46x |
| IND | 1,30,000 | 4,83,98,000 | 372.29x |
| Total | 2,60,000 | 6,66,58,000 | 256.38x |
What Do These Subscription Numbers Mean?
A subscription of 260.42x by shares means the IPO received bids for 260 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
NII at 140.46x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 372.29x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Avax Apparels And SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 372.29x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Avax Apparels And SME IPO Allotment Status page from 10 January 2025 for your allotment result.
Avax Apparels And SME IPO GMP After Subscription
GMP for Avax Apparels And SME stands at Rs 20.00 today, giving an estimated listing price of Rs 90.00 per share.
A subscription of 260.42x combined with a GMP of 28.57% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Avax Apparels And SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Avax Apparels And SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 7 Jan 2025 | - | 6.29x | 49.55x | 27.92x |
| Day 2 - 8 Jan 2025 | - | 18.28x | 139.45x | 78.86x |
| Day 3 - 9 Jan 2025 | - | 140.46x | 372.29x | 260.39x |
Avax Apparels And SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 7 January 2025 |
| IPO Close Date | 9 January 2025 |
| Allotment Date | 10 January 2025 |
| Refund Initiation | 11 January 2025 |
| Share Credit to Demat | 11 January 2025 |
| Listing Date | 14 January 2025 |
| Minimum Investment | Rs 2,80,000.00 |
| Lot Size | 2000 shares |
About Avax Apparels And SME
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Avax Apparels And SME IPO Subscription FAQs
What is Avax Apparels And SME IPO subscription status today?
Avax Apparels And SME IPO subscription closed on 9 January 2025 with overall subscription of 260.42x (by shares) as of 27 June 2026, 3:01 AM IST. QIB N/A, NII 140.46x, IND 372.29x.
What is the overall subscription of Avax Apparels And SME IPO?
Avax Apparels And SME IPO is subscribed 260.42x overall by shares at close on 9 January 2025. QIB N/A, NII 140.46x, and IND 372.29x.
What is Avax Apparels And SME IPO QIB subscription?
QIB subscription for Avax Apparels And SME IPO will appear here once institutional bids are recorded.
What is Avax Apparels And SME IPO IND subscription?
Avax Apparels And SME IPO IND subscription is 372.29x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Avax Apparels And SME IPO NII subscription?
Avax Apparels And SME IPO NII (Non-Institutional Investors) subscription is 140.46x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Avax Apparels And SME IPO for retail?
Avax Apparels And SME IPO retail share subscription is 372.29x. Application-wise data is needed for accurate lottery odds.
When is Avax Apparels And SME IPO allotment date?
Avax Apparels And SME IPO allotment date is 10 January 2025. Check Avax Apparels And SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Avax Apparels And SME IPO subscription close?
Avax Apparels And SME IPO subscription closed on 9 January 2025. No new applications are accepted after the close.
What is Avax Apparels And SME IPO GMP today?
Avax Apparels And SME IPO GMP is ₹20 today (+28.57% over issue price ₹70). See live GMP on the Avax Apparels And SME IPO GMP Today page.
What is Avax Apparels And SME IPO issue price and lot size?
Avax Apparels And SME IPO issue price is ₹70 per share. Lot size is 2000 shares. Minimum investment is ₹2,80,000 per lot (minimum 2 lots for SME). Issue size: ₹1.92 Cr.
When is Avax Apparels And SME IPO listing date?
Avax Apparels And SME IPO listing date is 14 January 2025 on NSE and BSE. Allotment is on 10 January 2025.
How does subscription affect Avax Apparels And SME IPO allotment?
Allotment odds in Avax Apparels And SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 260.42x overall, competition is very high.
For allotment results from 10 January 2025, visit the Avax Apparels And SME IPO Allotment Status page. For listing day updates on 14 January 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.