Avax Apparels And Ornaments IPO GMP : Avax Apparels And Ornaments IPO GMP is Open on 20 Sep 2024 and Close on 24 Sep 2024. Avax Apparels And Ornaments IPO to Raise 274,000 shares (Approx ₹1.92 Cr) via IPO. The Fresh issue of 274,000 shares (Approx ₹1.92 Cr).
The Company engages in two distinct lines of business:
- Wholesale trading
- Online retail of silver ornaments
Wholesale trading:
The Company operates in the wholesale trading of knitted cloth. They directly buy from manufacturers and supply wholesale to companies and readymade garment manufacturers in Punjab. The company specializes in knitted cloth, which are used for manufacturing of ladies and gents’ jackets.
The company’s key advantages in wholesale trading include a geographical advantage, being located in the hub of cloth manufacturing. Additionally, the growing demand for these products and the strong business relationships of the management also contribute to the company’s success in this segment.
Online retail silver ornaments business:
The Company operates in the business of online retail of silver ornaments. They offer a wide range of designs and articles with a choice of weight of products, such as silver rings, silver ladies pajeb, silver gents kada, silver plate set, silver glass, silver bangles, silver bowls, silver chains, and other silver jewellery.
They are capable of supplying in all major cities across the country. The company’s key advantages in this business include operating in the affordable silver ornaments sector, an increase in demand for silver ornaments in Indian markets, the ability to replicate gold jewellery designs in silver, and access to
exclusive Punjabi ethnic designs.
Our primary offerings consist of knitted cloth for wholesale trading and silver ornaments for retail sales via our ecommerce platform.
- Knitted Cloth
- Silver Ornaments
Avax Apparels And Ornaments IPO Date & Price Band Details
| IPO Open Date | 20 Sep 2024 |
|---|---|
| IPO Close Date | 24 Sep 2024 |
| IPO Size | 274,000 shares (Approx ₹1.92 Cr) |
| Fresh Issue | 274,000 shares (Approx ₹1.92 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹70 Per Every Share |
| IPO Listing On | BSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Avax Apparels And Ornaments IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
Object of the Issue
- To meet out the Working Capital requirements of the Company.
- To meet out the General Corporate Purposes.
Avax Apparels And Ornaments IPO Allotment & Listings (Details)
| IPO Open Date | 20 Sep 2024 |
|---|---|
| IPO Close Date | 24 Sep 2024 |
| Basis of Allotment | 25 Sep 2024 |
| Refunds | 26 Sep 2024 |
| Credit to Demat Account | 26 Sep 2024 |
| IPO Listing Date | 27 Sep 2024 |
Avax Apparels And Ornaments Financial Reports
| ₹ in Lakhs | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹2,205.98 | ₹2,011.90 | ₹138.19 |
| 2023 | ₹1,470.20 | ₹1,375.68 | ₹69.44 |
| 2022 | ₹28.87 | ₹27.52 | ₹1.01 |
Our Company Promoters
- Mr. Harinderpal Singh Sodhi
- Mr. Harish Kumar
Qualitative Factors
- Company’s Core Business
- Qualified & Experienced Team
- Customers Base
- Geographic Exposure
- Competitive Advantage
- Corporate Governance
- Industry Growth Trends
- Wide Product Range
Comparison of Accounting Ratios with Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | RONW | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Avax Apparels & Ornaments Ltd | 10.00 | 18.06 | 3.88 | 43.91% | 41.13 | 138.19 |
| Peer Group | ||||||
| Anand Rayons Limited | 10.00 | 2.09 | 21.60 | 9.02% | 24.20 | 300.00 |
| Aarnav Fashions Limited | 10.00 | 1.33 | 41.30 | 3.20% | 43.40 | 600.00 |
Also Read: Rappid Valves IPO
Avax Apparels And Ornaments Company Contact Details
611 6th Floor Jaina Tower II Distt. Centre Janakpuri, West Delhi, Delhi- 110058
Tel No: +011-44750642/ +91-9599497767
Email: secretarial@avaxapparels.com
Contact Person: Shruti Jain,
Website: www.avaxapparels.com
Avax Apparels And Ornaments Lead Manager
SKI Capital Services Limited
718, Dr Joshi Road, Karol Bagh, New Delhi- 110005
Telephone No.: 011-45046026
Email: aaolipo@skicapital.net
Website: www.skicapital.net
Avax Apparels And Ornaments IPO Registrar
Skyline Financial Services Private Limited
D-153 A, 1st Floor, Okhla Industrial Area, New Delhi – 110020
Tel No: 011-26812682
Email: ipo@skylinerta.com
Website: www.skylinerta.com
3 thoughts on “Avax Apparels & Ornaments IPO GMP, Price & Latest IPO Details”