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Avax Apparels And Ornaments IPO
243.15xsubscribed

Avax Apparels And Ornaments IPO

Textile
listed
₹1.40LMin. investment

Avax Apparels And Ornaments Limited IPO Details

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%

Avax Apparels And Ornaments 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

As on 07-Jan-25, 5:00 PM

Avax Apparels And Ornaments IPO Timeline

  1. Pre-apply
    6 Jan 2025
  2. Bid start
    7 Jan 2025
  3. Bid end
    9 Jan 2025
  4. Allotment
    10 Jan 2025
  5. Release of funds
    13 Jan 2025
  6. Demat transfer
    13 Jan 2025
  7. Listing
    14 Jan 2025

About Avax Apparels And Ornaments Limited

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.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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Objectives of Avax Apparels And Ornaments IPO

Working capital
87.31%
The company will allocate ₹1.50 Cr from the fresh issue towards working capital
General corporate purposes
12.69%
The company will use part of its net IPO proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹22.05Cr324%₹1.38Cr₹7.27Cr3.870.23
This sector (avg.)₹454.61Cr0%₹6.27Cr₹1,147.5Cr44.260.81
₹4,934.91Cr---₹729.14Cr₹36,802.21Cr48.160.19
₹6,387.88Cr---₹815.11Cr₹29,722.44Cr35.480.09
₹4,937.87Cr---₹874.41Cr₹13,216.91Cr22.420.40

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Avax Apparels And Ornaments IPO Contact Details

Company NameAvax Apparels And Ornaments Limited

How to apply for Avax Apparels And Ornaments IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Avax Apparels And Ornaments IPO FAQs