Avax Apparels & Ornaments Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 130,000 (47%) | — | ₹91 Cr |
| Retail | — | 130,000 (47%) | — | ₹91 Cr |
| Market Maker | — | 14,000 (5%) | — | ₹1 Cr |
| Σ Total | — | 274,000 (100%) | — | ₹1,918 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 134,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 1,501 | 2,206 | 1,470 |
| Profit After Tax | 91 | 138 | 69 |
| Net Worth | 405 | 315 | 176 |
| Total Assets | 1,089 | 485 | 347 |
| Total Borrowing | 72 | 72 | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
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Company Overview
Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- 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.
The company has several key advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company's success in this segment.
Competitive Strengths
- Locational advantage
- Good network and connections with the players in the Sector
- Excellent Customer Relations
- Experienced and professional Team
- Good Track record of the management
As of September 2024, the company has 7 full term employees.