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Avax Apparels And Ornaments Limited SME IPO
Issue Size (Net)
up to RS.1.92 Cr
Price Band
Rs.70 per share
Issue Opens
January 7, 2025
Issue Closes
January 9, 2025

Company Highlights

1.Company Information

Avax Apparels And Ornaments Limited was founded in June 2005 and operates in two distinct business sectors:
- Trading at wholesale prices
- Silver ornaments sold online
In addition to selling silver decorations, such as rings, ladies' payal, men's kada, plate sets, glass, bangles, bowls, chains, and other jewellery, the company also sells knitted fabric in bulk online. All of the nation's largest cities are supplied by it. In wholesale trading, the business has a number of significant advantages. It has a major benefit because it is situated in the centre of the fabric manufacturing industry. The company also gains from the increasing demand for these goods and the solid commercial ties that the management maintains, both of which support the company's success in this market. As of September 2024, the company has 7 full term employees.

2. Strenghts

1) Advantage of location
2) Strong network and relationships with industry participants
3) Outstanding customer service
4) A skilled and competent staff
5) A solid management track record

2. Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1) To meet the Working Capital requirements of the Company;
2) To meet the General Corporate Purposes

3.Avax Apparels And Ornaments Limited IPO Registrar
Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Avax Apparels And Ornaments Limited IPO Financials

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Total Borrowing
30-Sep-24
1,089.09
1,500.93
90.61
405.30
72.02
31-Mar-24
484.60
2,205.98
138.19
314.68
71.50
31-Mar-23
346.89
1,470.21
69.44
176.49
31-Mar-22
57.66
28.87
1.01
1.65
30.00
Amount in Rs. Lakhs

Avax Apparels And Ornaments Limited IPO Details

Issue Opening Date
January 7, 2025
Issue Closing Date
January 9, 2025
Face Value
Rs.10 per share
Price
Rs.70 per share
Lot Size
2000 Shares
Issue Size
2,74,000 shares (aggregating up to Rs.1.92 Cr)
Fresh Issue
2,74,000 shares (aggregating up to Rs.1.92 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME

Avax Apparels And Ornaments Limited IPO Timeline

Event
Tentative Date
Opening Date
Tuesday, January 7, 2025
Closing Date
Thursday, January 9, 2025
Basis of Allotment
Friday, January 10, 2025
Initiation of Refunds
Monday, January 13, 2025
Credit of Shares to Demat
Monday, January 13, 2025
Listing Date
Tuesday, January 14, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 9, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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