The Avax Apparels IPO will open for subscription on January 7, 2025, and close on January 9, 2025. This fixed price issue aims to raise ₹1.92 crores through the fresh issue of 2.74 lakh shares, priced at ₹70 per share. The IPO is set to allot shares on January 10, 2025, with a tentative listing date on BSE SME scheduled for January 14, 2025.
The minimum investment for retail investors is ₹1,40,000 for 2,000 shares, while high-net-worth individuals (HNIs) can apply for a minimum of 4,000 shares, requiring an investment of ₹2,80,000.
The IPO’s structure allocates 50% of the shares to retail investors and the remaining 50% to HNIs, with no portion reserved for Qualified Institutional Buyers (QIBs). With strong financial growth, including a revenue of ₹22.06 crores in 2024 and a profit of ₹1.38 crores, the Avax Apparels IPO presents an opportunity for long-term investors.
Overview of Contents
Avax Apparels IPO Overview
| IPO Details | Information |
|---|---|
| IPO Open Date | January 7, 2025 |
| IPO Close Date | January 9, 2025 |
| Listing Date | January 14, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 2,74,000 shares (aggregating up to ₹1.92 Cr) |
| Fresh Issue | 2,74,000 shares (aggregating up to ₹1.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 7,65,158 shares |
| Shareholding Post-Issue | 10,39,158 shares |
| Market Maker Portion | 14,000 shares |
| Retail Quota | 50% |
| HNI Quota | 50% |
| QIB Quota | 0% |
| Minimum Investment (Retail) | ₹1,40,000 for 2,000 shares |
| Minimum Investment (HNI) | ₹2,80,000 for 4,000 shares |
| Expected Allotment Date | January 10, 2025 |
| Financial Highlights | Revenue (2024): ₹22.06 Crore, Profit (2024): ₹1.38 Crore |
Avax Apparels IPO Lot Size
nvestors looking to participate in the Avax Apparels and Ornaments IPO can bid for a minimum of 2,000 shares, and in multiples of 2,000 shares thereafter. The following table outlines the minimum and maximum investment amounts for retail investors and high-net-worth individuals (HNI):
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Avax Apparels IPO Dates
| IPO Open Date | Tuesday, January 7, 2025 |
|---|---|
| IPO Close 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 |
Avax Apparels IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Avax Apparels IPO Promoter Holding
The promoters of Avax Apparels and Ornaments are Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar. The following table shows their shareholding before and after the IPO:
| Shareholding | Pre-Issue | Post-Issue |
|---|---|---|
| Promoters | 57.00% | 41.97% |
About Avax Apparels IPO
Incorporated in June 2005, Avax Apparels and Ornaments Limited operates in two distinct business segments: wholesale trading of knitted fabric and online retail of silver ornaments. The company wholesales knitted fabric and sells a wide range of silver jewellery products such as rings, ladies’ payal, gents’ kada, plate sets, glass, bangles, bowls, chains, and other jewellery across major cities in India.
The company benefits from its strategic location in the hub of cloth manufacturing, allowing it to leverage geographical advantages. Additionally, the growing demand for these products and the strong business relationships built by the management contribute to its success. Avax Apparels stands out due to its excellent customer relations, a skilled and professional team, and a strong track record of management. As of September 2024, the company employs 7 full-term employees, further reinforcing its operational capacity and expertise in both business segments.
Avax Apparels IPO Company Financial Report
The financial performance of Avax Apparels and Ornaments Limited has shown significant growth over the years. The company reported substantial increases in both revenue and profit from 2023 to 2024, reflecting its successful operations in wholesale trading and online retail of silver ornaments. Below is a summary of the company’s key financial metrics:
| Period End | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 0.29 | 0.28 | 0.01 | 0.58 |
| 2023 | 14.70 | 13.76 | 0.69 | 3.47 |
| 2024 | 22.06 | 20.12 | 1.38 | 4.85 |
| September 2024 | 15.01 | 13.75 | 0.91 | 10.89 |
Avax Apparels IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 43.91% |
| ROCE: | 61.68% |
| EBITDA Margin: | 9.52% |
| PAT Margin: | 6.26% |
| Debt to equity ratio: | 0.23 |
| Earning Per Share (EPS): | ₹18.06 (Basic) |
| Price/Earning P/E Ratio: | 2.96 |
| Return on Net Worth (RoNW): | 43.91% |
| Net Asset Value (NAV): | ₹41.13 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Anand Rayons Limited | 2.09 | 21.60 | 8.37 % | 25.3 | 1.59 Cr. |
| Aarnav Fashions Limited | 1.33 | 41.3 | 4.3% | 43.3 | 3.93 Cr. |
Objects of the Issue
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes;
Avax Apparels IPO Registrar
Skyline Financial Services Private Limited
Phone: +91 22 2851 1022
Email:Â ipo@skylinerta.com
Website:Â www.skylinerta.com
IPO Lead Managers aka Merchant Bankers
- Ski Capital Services Limited
Company Address
Avax Apparels And Ornaments Limited
611 6th Floor Jaina Tower II Distt.
Centre Janakpuri, West Delhi, Delhi- 110058
Phone:Â +011-44750642/ +91-9599497767
E-mail:Â secretarial@avaxapparels.com
Website:Â www.avaxapparels.com
Avax Apparels IPO FAQs
What is the Avax Apparels and Ornaments IPO price?
The IPO price for Avax Apparels and Ornaments is ₹70 per share.
When does the Avax Apparels and Ornaments IPO open and close?
The IPO will open for subscription on January 7, 2025, and close on January 9, 2025.
What is the lot size for the IPO?
The minimum lot size is 2,000 shares, and investors can apply for multiples of this lot.
What is the total issue size of the IPO?
The total issue size is 2.74 lakh shares, aggregating up to ₹1.92 crores.
What are the allotment and listing dates for the IPO?
The allotment will be finalized on January 10, 2025, and the listing date is set for January 14, 2025, on the BSE SME.
Who are the promoters of Avax Apparels and Ornaments?
The promoters of the company are Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar.
What are the key business segments of Avax Apparels and Ornaments?
The company operates in wholesale trading of knitted cloth and online retail of silver ornaments.
What is the financial performance of the company?
In 2024, Avax Apparels and Ornaments reported a revenue of ₹22.06 crores and a profit of ₹1.38 crores.