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Avax Apparels And Ornaments Limited IPO (Avax Apparels And Ornaments Limited IPO ) Details

Avax Apparels And Ornaments Limited

Avax Apparels And Ornaments Limited IPO 's overview

Avax Apparels And Ornaments Limited IPO is open for subscription on Jan 07, 2025 and closes on Jan 09, 2025. The allotment for Avax Apparels And Ornaments Limited IPO is expected to be finalized on Jan 10, 2025. The shares will list on NSE, BSE with tentative listing date fixed as Jan 14, 2025.

Avax Apparels And Ornaments Limited IPO price band is set at ₹70 to ₹0 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1.40 Lakh (1,40,000).

Refer to Avax Apparels And Ornaments Limited IPO RHP for detailed information.

  • IPO date

    Jan 07,2025 - Jan 09,2025

  • Listing Date

    Jan 14,2025

  • Face value

    ₹10

  • Price Band

    0

  • Lot

    ₹2000 Shares

  • Total Issue Size

    2.74 Lakh (2,74,000)

    aggregating up to ₹0

  • Fresh Issue

    2.74 Lakh (2,74,000)

    aggregating up to ₹0

  • Issue Type

    Fixed Price

  • IPO Type

    SME

  • Listing At

    NSEBSE

  • Pre Issue Size

    7.65 Lakh (7,65,158)

  • Post Issue Size

    10.39 Lakh (10,39,158)

  • Tue, Jan 07, 2025

    IPO Open

  • Thu, Jan 09, 2025

    IPO Close

  • Fri, Jan 10, 2025

    Basis of Allotment

  • Mon, Jan 13, 2025

    Initiation of Refunds

  • Mon, Jan 13, 2025

    Credit of Shares to Demat

  • Tue, Jan 14, 2025

    Listing

Avax Apparels And Ornaments Limited IPO Day-wise IPO GMP Trend

Avax Apparels And Ornaments Limited IPO last GMP is ₹10, last updated Jan 13,2025. With the price band of 70.00, Avax Apparels And Ornaments Limited IPO 's estimated listing price is ₹80 (cap price + today's GMP).The expected percentage gain/loss per share is 14.29%.

DateIPO PriceGMPEstimated Listing PriceLast Updated
13-Jan-2570.0010
80(14.29%)13-Jan-2025 15:32
12-Jan-2570.0010
80(14.29%)12-Jan-2025 22:30
11-Jan-2570.0010
80(14.29%)11-Jan-2025 22:24
10-Jan-2570.0010
80(14.29%)10-Jan-2025 22:29
09-Jan-2570.0010
80(14.29%)9-Jan-2025 22:31
08-Jan-2570.0010
80(14.29%)8-Jan-2025 22:27
07-Jan-2570.0010
80(14.29%)7-Jan-2025 22:23
06-Jan-2570.0021
91(30.00%)6-Jan-2025 22:32
05-Jan-2570.0021
91(30.00%)5-Jan-2025 22:24
04-Jan-2570.0021
91(30.00%)4-Jan-2025 22:28
19-Sep-2470.000
70(0.00%)19-Sep-2024 19:01
18-Sep-2470.000
70(0.00%)18-Sep-2024 23:30
17-Sep-2470.000
70(0.00%)17-Sep-2024 23:28
16-Sep-2470.000
70(0.00%)16-Sep-2024 23:25

Avax Apparels And Ornaments Limited IPO Lot Size

ApplicationLotsSharesAmount

Retail(Min)

12,000₹0

Retail(Max)

12,000₹0

SHNI(Min)

24,000₹0

Avax Apparels And Ornaments Limited IPO Financial Information (Restated Consolidated)

LabelSep 30, 2024Mar 31, 2024Mar 31, 2023Mar 31, 2022
Assets1,089.09484.6346.8957.66
Revenue1,500.932,205.981,470.2128.87
Profit After Tax90.61138.1969.441.01
Net Worth405.3314.68176.491.65
Reserves and Surplus
Total Borrowing72.0271.530
Avax Apparels And Ornaments Limited Financial Information

About Avax Apparels And Ornaments Limited

Incorporated: June 2005
Industry: Wholesale Trading and Online Retail

Business Description

Avax Apparels and Ornaments Limited operates in two distinct segments:

  1. Wholesale Trading

    • Specializes in the supply of knitted fabric in bulk to companies across India.

  2. Online Retail of Silver Ornaments

    • Offers a wide variety of silver jewelry and items through its website, including:
      • Rings, Anklets (Payal), Bracelets, Bangles, Chains, Glasses, Bowls, Kada, and Plate Sets.
    • Supplies products to all major cities nationwide.

Competitive Strengths

  1. Locational Advantage:

    • Based in a hub for cloth manufacturing, offering logistical and supply-chain benefits.

  2. Strong Network:

    • Maintains excellent relationships with key players in the textile and jewelry industries.

  3. Customer Relations:

    • Recognized for its reliable customer service and strong connections with clients.

  4. Experienced Team:

    • Led by seasoned professionals, including Managing Director Harinderpal Singh Sodhi and core leader Harish Kumar, supported by a professional and skilled workforce.

  5. Focus on Empowerment:

    • Majority of production tasks are carried out by skilled women, emphasizing empowerment and craftsmanship.

Financial Performance

Revenue Growth:

  • 2024: ₹2,205 Lakhs (50% growth compared to the previous year)

Key Highlights

  1. Diverse Business Model:

    • The combination of wholesale fabric trading and online jewelry retail ensures consistent revenue streams from two distinct markets.

  2. Focus on Online Presence:

    • Leverages online platforms to expand its reach and serve customers nationwide.

  3. Operational Efficiency:

    • Emphasis on resource optimization and professional management to ensure smooth operations.

  4. Commitment to Quality:

    • Trusted for delivering high-quality knitted fabric and silver ornaments.

Conclusion

Avax Apparels and Ornaments Limited has leveraged its strategic location, robust business relationships, and diversified business model to become a competitive player in both the wholesale textile and online jewelry markets. With consistent revenue growth and a focus on operational efficiency, the company is well-positioned for future expansion and success.

Avax Apparels And Ornaments Limited IPO 's documents

Avax Apparels And Ornaments Limited Contact Details

611 6th Floor Jaina Tower II Distt.
Centre Janakpuri, West Delhi, Delhi- 110058
Phone: +011-44750642/ +91-9599497767
E-mail: [email protected]
Website: www.avaxapparels.com

Avax Apparels And Ornaments Limited IPO 's Promoters

The promoters of the company are Harinderpal Singh Sodhi, and Harish Kumar.