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Avax Apparels And Ornaments Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.70.00
Issue Size:
Rs.1.92 Cr
Lot Size:
2000 shares
Open Date:
January 7
Avax Apparels And Ornaments Limited IPO Overview
Bidding Dates
January 7 - January 9
Min Investment
₹140,000
Price Range
₹70.00
Issue Size
₹1.92 Cr
IPO DRHP Doc
Company Overview
Avax Apparels And Ornaments Limited, incorporated in June 2005, wholesales knitted fabric and sells silver ornaments online, including various types of jewelry. The company benefits from its strategic location in a cloth manufacturing hub, growing product demand, and strong management relationships. As of September 2024, it has 7 full-time employees.
IPO Timeline
Opens
Jan 7
Closes
Jan 9
Allotment
Jan 10
Refunds
Jan 13
Shares Credit
Jan 13
Listing
Jan 14
Opens
Jan 7
Closes
Jan 9
Allotment
Jan 10
Refunds
Jan 13
Shares Credit
Jan 13
Listing
Jan 14
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | Undersubscribed | |
| NII (Non-Institutional Investors/HNI) | 140.46x | Oversubscribed |
| RII (Retail Individual Investors) | 372.35x | Oversubscribed |
| Total Subscription | 260.42x | Oversubscribed |
Last updated: Jan 9, 2025, 06:21 PM
Current GMP:
Rs.20
Est. Listing:
Rs.90
Est. Gain:
+28.6%
Star Rating:
★★★★★(4/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹484.6 Cr | ₹484.6 Cr | ₹346.89 Cr | ₹57.66 Cr |
| Net Worth | ₹314.68 Cr | ₹314.68 Cr | ₹176.49 Cr | ₹1.65 Cr |
| Profit After Tax | ₹138.19 Cr | ₹138.19 Cr | ₹69.44 Cr | ₹1.01 Cr |
| Revenue | ₹2,205.98 Cr | ₹2,205.98 Cr | ₹1,470.21 Cr | ₹28.87 Cr |
| Total Borrowing | ₹71.5 Cr | ₹71.5 Cr | ₹30 Cr | - |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Strong network with key sector players for strategic gains.
- Strategic location for efficient operations and cost savings.
- Excellent customer relations ensuring satisfaction and repeat business.
IPO Details
Avax Apparels And Ornaments IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 2,74,000 shares (aggregating up to ₹1.92 Cr) |
| IPO Date | January 7, 2025 to January 9, 2025 |
| Issue Price | ₹70 per share |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Listing Date | January 14, 2025 |
| Lot Size | 2,000 Shares |
| Share Holding Post Issue | 10,39,158 shares |
| Share Holding Pre Issue | 7,65,158 shares |
| Total Issue Size | 2,74,000 shares (aggregating up to ₹1.92 Cr) |
Avax Apparels And Ornaments IPO Reservation
Share Reservation Distribution
Other
130,000 shares (47.45%)
Retail
130,000 shares (47.45%)
Market Maker
14,000 shares (5.11%)
Avax Apparels And Ornaments IPO Promoter Holding
| Share Holding Post Issue | 41.97% |
| Share Holding Pre Issue | 57.00% |
Avax Apparels And Ornaments IPO Listing Details
| ₹70 per share |
| 544337 |
| INE0NQ401016 |
| January 14, 2025 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| High | ₹139.65 |
| Last Trade | ₹139.65 |
| Low | ₹133.00 |
| Open | ₹133.00 |
Key Dates
Open Date:January 7
Close Date:January 9
Listing Date:January 14
