Avax Apparels And Ornaments Limited IPO opened on 7 January 2025 and will be closing on 9 January 2025. This is an SME IPO, which is raising ₹ 1.92 crore from a fresh issue of 2.74 lakh equity shares.
The Avax Apparels And Ornaments IPO allotment date will be finalized on Friday, 10 January 2025. Avax Apparels And Ornaments shares will be probably listed on BSE SME on Tuesday, 14 January 2025.
Avax Apparels And Ornaments IPO’s price band is a fixed price issue and the price has been set at ₹ 70 per share. The retail investors thus have to invest at least ₹ 140000 for subscribing to 2000 shares, which is the lot size while HNIs have to subscribe to at least 2 lots, or 4000 shares worth ₹ 280000.
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Avax Apparels And Ornaments BSE SME IPO Details
| Detail | Information |
| IPO Opening Date | January 7, 2025 |
| IPO Closing Date | January 9, 2025 |
| Tentative IPO Listing Date | January 14, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹70 per share |
| Lot Size | 2000 shares |
| Total Issue Size | 274000 shares (₹1.92 Cr) |
| Fresh Issue | 274000 shares (₹1.92 Cr) |
| IPO Segment | Fixed Price IPO Issue |
| Listing At | BSE SME |
| Share Holding Pre-Issue | 765158 shares |
| Share Holding Post-Issue | 1039158 shares |
Avax Apparels And Ornaments Limited | Company Overview
Avax Apparels And Ornaments Limited has been in the business since 2005 and it is mainly engaged in two different segments –
- Wholesale trading of knitted fabric
- Retail Selling of silver ornaments online
The silver ornaments include –
- Rings
- Anklets
- Plate sets
- Bangles
- Chains
- Bowls
- Gents kada
- Silver Glass
- Other ornaments and silver utensils
On the other hand, the manufacturing hub of the firm is located strategically and thus its clothing products are high in demand.
The clients of Avax Apparels and Ornaments are spread across the country.
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Avax Apparels And Ornaments Limited IPO | Key Details
- Avax Apparels And Ornaments IPO Opening Date: January 7, 2025,
- Avax Apparels And Ornaments IPO Closing Date: January 9, 2025.
- Allotment Date: January 10, 2025
- Price Band: ₹70 per share
- Lot Size: 2000 shares
- Refunds Initiated: January 13, 2025
- Shares Credited to Demat: January 13, 2025
- Listing Date: January 14, 2025
Avax Apparels And Ornaments Ltd: Financial Overview
Avax Apparels And Ornaments Limited witnessed a significant jump in its profit in FY24 (PAT) by 99.01% with a 50.05% rise in revenue.
Here are the details of the financials of the firm
Amounts in ₹ Lakhs
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 484.6 | 346.89 | 137.71 | 39.70 |
| Revenue | 2,205.98 | 1,470.21 | 735.77 | 50.05 |
| Profit After Tax | 138.19 | 69.44 | 68.75 | 99.01 |
| Net Worth | 314.68 | 176.49 | 138.19 | 78.30 |
| Total Borrowing | 71.5 | NA | NA | NA |
FAQs | Avax Apparels And Ornaments Ltd IPO
Avax Apparels And Ornaments Ltd is engaged in wholesale supply of fabric and retail online sales of silver ornaments.
The tentative IPO listing date of Avax Apparels And Ornaments has been fixed as Tuesday, January 14, 2025.
The bidding date for the Avax Apparels And Ornaments IPO is January 7, 2025, and it will continue until January 9, 2025.
The minimum IPO lot size for Avax Apparels And Ornaments is 2000 shares. The HNIs need to subscribe to at least two lots.
The IPO allotment is expected to be finalized on Friday, January 10, 2025.
The IPO face value is set at ₹10 per share.
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