Minimum Investment
| Minimum Investment (Retail) | Lots (min) | Shares (QTY) |
| ₹1,40,000 | 1 | 2000 |
About Avax Apparels And Ornaments Limited
Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- Online retail of silver ornaments
The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies’ payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.
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The company has several key advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company’s success in this segment.
Competitive Strengths
- Locational advantage
- Good network and connections with the players in the Sector
- Excellent Customer Relations
- Experienced and professional Team
- Good Track record of the management
As of September 2024, the company has 7 full term employees.
Avax Apparels And Ornaments Limited IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Face Value | ₹10 per share |
| 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 |
| Share Holding Pre Issue | 7,65,158 shares |
| Share Holding Post Issue | 10,39,158 shares |
| 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 And Ornaments Limited IPO Prospectus
Avax Apparels And Ornaments Limited Financial Snapshot (in Lakhs)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,089.09 | 484.6 | 346.89 | 57.66 |
| Revenue | 1,500.93 | 2,205.98 | 1,470.21 | 28.87 |
| Profit After Tax | 90.61 | 138.19 | 69.44 | 1.01 |
| Net Worth | 405.3 | 314.68 | 176.49 | 1.65 |
| Total Borrowing | 72.02 | 71.5 | 30 |
Avax Apparels And Ornaments Limited Promoters Holding
Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar
Avax Apparels And Ornaments Limited Contact Details
Avax Apparels And Ornaments Limited
611 6th Floor
Jaina Tower II Distt. Centre
Janakpuri, West Delhi,-110058
Phone: +011-44750642
Email: secretarial@avaxapparels.com
Website: https://avaxapparels.com/