Avax Apparels IPO Live Subscription Status: Avax Apparels IPO is Open on 20 September 2024 and Close on 24 September 2024. Avax Apparels IPO to Raise 274,000 shares (Approx ₹1.92 Cr) via IPO. The Fresh Issue is 274,000 shares (Approx ₹1.92 Cr).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%
The Avax Apparels IPO is an SME IPO and Listed on BSE SME. Avax Apparels IPO Price Band is Fixed at ₹70 Equity Shares. Avax Apparels IPO Lot Size is 2000 Shares.
Also Read: Avax Apparels & Ornaments IPO GMP, Price & Latest IPO Details
Avax Apparels IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 0.00 | 0.00 | 0.00 |
| Non Institutional Buyers (NIIs) | 0.00 | 0.00 | 0.00 |
| Retail Individual Buyers (RIIs) | 0.00 | 0.00 | 0.00 |
| Anchor Investor | 0.00 | 0.00 | 0.00 |
| Market Maker | 0.00 | 0.00 | 0.00 |
| Total | 0.00 | 0.00 | 0.00 |
Avax Apparels IPO Subscription Status day-by-day-
| Categories | 20 Sep | 23 Sep | 24 Sep |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 0.00 | 0.00 | 0.00 |
| RII | 0.00 | 0.00 | 0.00 |
| Total | 0.00 | 0.00 | 0.00 |
About IPO :
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 holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
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