The Avax Apparels and Ornaments IPO is a fixed-price issue valued at ₹1.92 crores, offering 2.74 lakh fresh issue shares. This IPO presents a promising opportunity in the growing apparel and ornaments sector. The subscription period opens on January 7, 2025, and closes on January 9, 2025, with allotment finalization expected on January 10, 2025. The tentative listing date on the BSE SME platform is January 14, 2025. Priced at ₹70 per share, the IPO requires a minimum application of 2,000 shares, translating to a retail investment of ₹1,40,000.
High Net Worth Individuals (HNI) must invest in at least two lots (4,000 shares) for a minimum of ₹2,80,000. SKI Capital Services Limited serves as the book-running lead manager and market maker for this IPO, while Skyline Financial Services Private Ltd is the registrar. Investors looking to diversify their portfolio with SME stocks should consider this IPO as a strategic opportunity in a niche market.
For comprehensive details, including financials, risks, and opportunities, please refer to the Avax Apparels and Ornaments IPO RHP (Red Herring Prospectus).
Avax Apparels And Ornaments 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 |
| Market Maker Portion | 14,000 shares |
Avax Apparels And Ornaments IPO Timeline
The Avax Apparels and Ornaments IPO is scheduled to open for subscription on January 7, 2025, and will close on January 9, 2025. Investors are advised to mark these dates and plan their applications accordingly to seize this investment opportunity.
| 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 |
Avax Apparels And Ornaments IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Avax Apparels And Ornaments IPO Lot Size
Investors are required to bid for a minimum of 2,000 shares, with additional bids in multiples of 2,000 shares. The table below outlines the minimum and maximum investment limits for retail investors and High Net Worth Individuals (HNIs) in terms of both shares and monetary value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
About Avax Apparels And Ornaments Limited
Avax Apparels and Ornaments Limited, incorporated in June 2005, operates in two distinct business segments: wholesale trading and online retail of silver ornaments. The company specializes in the wholesale distribution of knitted fabric and the online sale of a wide range of silver ornaments, including rings, ladies’ payals, gents’ kadas, plate sets, glasses, bangles, bowls, chains, and other jewelry items. Its products are supplied to major cities across India.
The company’s wholesale trading business benefits from its strategic location in a prominent cloth manufacturing hub, which offers significant logistical and sourcing advantages. Additionally, Avax Apparels capitalizes on the increasing demand for its products, strong business relationships, and effective management, contributing to its success in the wholesale sector.
Competitive Strengths
- Strategic Location: Proximity to the cloth manufacturing hub ensures operational efficiency.
- Robust Network: Strong connections with industry players enhance supply chain capabilities.
- Excellent Customer Relations: A commitment to customer satisfaction fosters loyalty.
- Experienced Team: The company is managed by a professional and skilled team.
- Proven Track Record: Strong leadership and management bolster business performance.
As of September 2024, Avax Apparels and Ornaments Limited employs 7 full-time staff, reflecting a focused and efficient operational structure.
FAQs: Avax Apparels and Ornaments IPO
What is the Avax Apparels and Ornaments IPO?
The Avax Apparels and Ornaments IPO is a fixed-price public offering of ₹1.92 crores. The issue comprises 2.74 lakh fresh equity shares, providing an opportunity to invest in the company as it lists on the BSE SME platform.
When will the Avax Apparels and Ornaments IPO open and close for subscription?
The IPO will open on January 7, 2025, and close on January 9, 2025.
What is the price of each share in the Avax Apparels and Ornaments IPO?
Each share is priced at ₹70.
What is the minimum investment required for the Avax Apparels and Ornaments IPO?
Investors must apply for a minimum of 2,000 shares, amounting to ₹1,40,000 for retail investors. HNIs are required to invest in at least two lots, totaling 4,000 shares or ₹2,80,000.
What is the tentative listing date for the Avax Apparels and Ornaments IPO?
The Avax Apparels and Ornaments IPO is expected to list on the BSE SME platform on January 14, 2025.
Who is the lead manager for the Avax Apparels and Ornaments IPO?
SKI Capital Services Limited is the book-running lead manager for this IPO.
Who is the registrar for the Avax Apparels and Ornaments IPO?
The IPO registrar is Skyline Financial Services Private Ltd, responsible for handling share allocation and refunds.
Where can I find detailed information about the Avax Apparels and Ornaments IPO?
For comprehensive details, including financials, risks, and objectives, refer to the Avax Apparels and Ornaments IPO Red Herring Prospectus (RHP).
