Avax Apparels And Ornaments IPO

Avax Apparels And Ornaments IPO

Avax Apparels And Ornaments IPO
Textile
listed

243.15x

subscribed

₹1.40LMin. investment
  1. Pre-apply
    6 Jan
  2. Bid start
    7 Jan
  3. Bid end
    9 Jan
  4. Allotment
    10 Jan
  5. Release of funds
    13 Jan
  6. Demat transfer
    13 Jan
  7. Listing
    14 Jan

About Avax Apparels And Ornaments Limited

SectorTextile
Price range₹70.00 – ₹70.00
IPO type
SME
Lot size2000 shares
Issue size₹1Cr
Red Herring Prospectus
Read
Market Cap
₹7.27CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹22.05CrLower than sector avg
Growth rate3Y CAGR
324%

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Performance

FY 22FY 23FY 24

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹22.05Cr
This sector
₹433.99Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹1.38Cr
This sector
₹11.03Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹7.27Cr
This sector
₹1,219.75Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
3.87
This sector
91.52
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.23
This sector
0.83
Compare with companies

Objectives

Working capital
87.31%
General corporate purposes
12.69%
Avax Apparels and Ornaments is involved in wholesale trading of knitted cloth for garment manufacturers and online retail of silver ornaments. Based in Punjab, the company sources high-quality fabrics for jackets and has recently invested in machinery for in-house production to reduce outsourcing and improve cash flow. Additionally, Avax offers a wide range of silver jewelry online, focusing on affordable pieces with intricate designs. The company capitalizes on the growing e-commerce trend, particularly in the rising online silver jewelry market in India.

IPO Subscription Status

Date
QIB
NII
Retail
Total
07-Jan-25
0.0 times (X)
5.98 times (X)
49.55 times (X)
27.77 times (X)
08-Jan-25
0.0X
17.91X
139.45X
78.68X
09-Jan-25
0.0X
114.11X
364.15X
243.15X

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Avax Apparels And Ornaments IPO ?

The issue size of the Avax Apparels And Ornaments IPO is 1 Cr.

What is 'pre-apply' for Avax Apparels And Ornaments IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Avax Apparels And Ornaments IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.