Avax Apparels And Ornaments IPO Details
The key details of Avax Apparels And Ornaments’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹1.92 Cr |
| Price Range | ₹70 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹140,000 |
| Pre IPO Promotor Holding | 57.00% |
| Post IPO Promotor Holding | 41.97% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Avax Apparels And Ornaments IPO Timelines
The IPO process for Avax Apparels And Ornaments includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
07/01/2025
Start Date09/01/2025
End Date13/01/2025
Refund Initiation13/01/2025
Credit of Shares to Demat Ac14/01/2025
Listing DateAvax Apparels And Ornaments IPO Lot Size
The Avax Apparels And Ornaments IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹70 per share, requiring ₹140,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹280,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| HNI Minimum | 2 | 4000 | ₹280,000 |
Avax Apparels And Ornaments IPO Subscription Status
The subscription status for Avax Apparels And Ornaments IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 140.46x | 372.35x | -- | 260.42x |
IPO Performance on Listing Day
On the listing day (January 14, 2025), Avax Apparels And Ornaments made a spectacular debut on the stock exchange. The stock opened at ₹133, delivering an impressive premium of 90% over its issue price of ₹70. Throughout the trading session, the stock maintained strong buying momentum, climbing to a high of ₹139.65 while holding firm at its opening price. The shares concluded their first trading day at ₹139.65, securing an outstanding gain of 99.5% over the issue price, demonstrating robust investor appetite for this fashion and jewelry player.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹133.00 | ₹139.65 | ₹139.65 | ₹133.00 |
Avax Apparels And Ornaments IPO Company Financials
Avax Apparels And Ornaments reports robust performance in FY2024 with Total Income of ₹22.06 crores, managing expenses at ₹20.12 crores, and achieving a strong PAT (Profit After Tax) of ₹1.38 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹0.29 | ₹0.28 | ₹0.01 |
| FY 2023 | ₹14.70 | ₹13.76 | ₹0.69 |
| FY 2024 | 22.06 | ₹20.12 | ₹1.38 |
| FY 2025(6 M) | ₹15.01 | ₹13.75 | ₹0.91 |
About Company
Originally incorporated as Ethnic Designers Private Limited in 2005, the company changed its name to Avax Apparels and Ornaments Limited in June 2023.
The company specializes in the wholesale trading of knitted cloth, sourcing directly from manufacturers and supplying to companies and garment manufacturers in Punjab. They focus on cloth used for making jackets and benefit from their location in a major manufacturing hub and strong business relationships.
They offer a diverse range of silver ornaments online, including rings, bangles, and chains. The business leverages growing demand, the ability to replicate gold jewelry designs in silver, and exclusive Punjabi designs.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2005 | Trading | Harinderpal Singh Sodhi |
Know Before Investing
Avax Apparels And Ornaments IPO Strengths
- The company’s strategic location provides easy access to key players in the apparel and jewellery sectors, enhancing business operations and partnerships.
- Avax Apparels and Ornaments excels in maintaining excellent relationships with customers, fostering market trust and loyalty.
- Supported by a skilled and professional team, the company benefits from a management group with a proven track record of industry success.
Avax Apparels And Ornaments IPO Risks
- Delays from manufacturers or logistics issues could impact the company’s inventory levels and customer satisfaction.
- Growing competition from apparel and jewellery companies, both online and offline, may affect the company’s market share and pricing power.
- Variations in market demand and pricing can impact sales and profitability, particularly in the apparel and jewellery sectors.
Swot Analysis for Avax Apparels And Ornaments IPO
Strengths
Strong customer relationships, Diverse product offerings, Experienced management team
Weaknesses
Limited brand recognition, Dependence on few major customers, Financial resource constraints
Opportunities
Growing demand for silver ornaments, Expansion potential in textiles, Government support initiatives
Threats
Intense competition in retail market, Fluctuations in raw material prices, Regulatory changes impacting operations
Company Details
Avax Apparels And Ornaments Limited
611 6th Floor
r Jaina Tower II Distt. Centre
anakpuri, West Delhi,-110058
Phone: +011-44750642
Email: [email protected]
Website: https://avaxapparels.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Avax Apparels And Ornaments IPO are:
- To meet the Working Capital requirements of the Company;
- To meet the General Corporate Purposes
SKI Capital Services Limited is the book-running lead managers for the Avax Apparels And Ornaments IPO.