Avax Apparels And Ornaments IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 07 to Jan 09 2025
Price Band
₹ 70
Current GMP
₹133(90%)
Subscription
260.39 times
IPO Details
| IPO Date | January 7, 2025 to January 9, 2025 |
| Listing Date | Tuesday, January 14, 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 sharesSKI Capital Services Limited |
IPO Date
January 7, 2025 to January 9, 2025
Listing Date
Tuesday, January 14, 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 sharesSKI Capital Services Limited
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 140.46 |
| Retail Investors | 372.29 |
| Total ** | 260.39 |
Market Maker
1
Non-Institutional Buyers***
140.46
Retail Investors
372.29
Total **
260.39
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Jan 7, 2025 | 6.29 | 49.55 | 27.92 |
| Day 2 Jan 8, 2025 | 18.28 | 139.45 | 78.86 |
| Day 3 Jan 9, 2025 | 140.46 | 372.29 | 260.39 |
DayDay 1
Jan 7, 2025
NII*6.29
Retail49.55
Total27.92
DayDay 2
Jan 8, 2025
NII*18.28
Retail139.45
Total78.86
DayDay 3
Jan 9, 2025
NII*140.46
Retail372.29
Total260.39
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 14-01-2025 | 70.00 | 20(28.57%) | 90 |
| 13-01-2025 | 70.00 | 20(28.57%) | 90 |
| 12-01-2025 | 70.00 | 10(14.29%) | 80 |
| 11-01-2025 | 70.00 | 10(14.29%) | 80 |
| 10-01-2025 | 70.00 | 10(14.29%) | 80 |
| 09-01-2025 | 70.00 | 10(14.29%) | 80 |
| 08-01-2025 | 70.00 | 10(14.29%) | 80 |
| 07-01-2025 | 70.00 | 10(14.29%) | 80 |
| 06-01-2025 | 70.00 | 21(30%) | 91 |
| 05-01-2025 | 70.00 | 21(30%) | 91 |
| 04-01-2025 | 70.00 | 21(30%) | 91 |
| 19-09-2024 | 70.00 | 0(0%) | 70 |
| 18-09-2024 | 70.00 | 0(0%) | 70 |
| 17-09-2024 | 70.00 | 0(0%) | 70 |
| 16-09-2024 | 70.00 | 0(0%) | 70 |
Date14-01-2025
Price70.00
GMP20(28.57%)
Estimate List Price90
Date13-01-2025
Price70.00
GMP20(28.57%)
Estimate List Price90
Date12-01-2025
Price70.00
GMP10(14.29%)
Estimate List Price80
Date11-01-2025
Price70.00
GMP10(14.29%)
Estimate List Price80
Date10-01-2025
Price70.00
GMP10(14.29%)
Estimate List Price80
Date09-01-2025
Price70.00
GMP10(14.29%)
Estimate List Price80
Date08-01-2025
Price70.00
GMP10(14.29%)
Estimate List Price80
Date07-01-2025
Price70.00
GMP10(14.29%)
Estimate List Price80
Date06-01-2025
Price70.00
GMP21(30%)
Estimate List Price91
Date05-01-2025
Price70.00
GMP21(30%)
Estimate List Price91
Date04-01-2025
Price70.00
GMP21(30%)
Estimate List Price91
Date19-09-2024
Price70.00
GMP0(0%)
Estimate List Price70
Date18-09-2024
Price70.00
GMP0(0%)
Estimate List Price70
Date17-09-2024
Price70.00
GMP0(0%)
Estimate List Price70
Date16-09-2024
Price70.00
GMP0(0%)
Estimate List Price70
IPO Important 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 |
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
IPO Lot Size
| 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 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹1,40,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹1,40,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹2,80,000
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,089.09 | 484.6 | 346.89 |
| Revenue | 1,500.93 | 2,205.98 | 1,470.21 |
| Profit After Tax | 90.61 | 138.19 | 69.44 |
| Net Worth | 405.3 | 314.68 | 176.49 |
| Total Borrowing | 72.02 | 71.5 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 20241,089.09
31 Mar 2024484.6
31 Mar 2023346.89
Period EndedRevenue
30 Sep 20241,500.93
31 Mar 20242,205.98
31 Mar 20231,470.21
Period EndedProfit After Tax
30 Sep 202490.61
31 Mar 2024138.19
31 Mar 202369.44
Period EndedNet Worth
30 Sep 2024405.3
31 Mar 2024314.68
31 Mar 2023176.49
Period EndedTotal Borrowing
30 Sep 202472.02
31 Mar 202471.5
31 Mar 2023
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 14,000 (5.11%) |
| Other Shares Offered | 1,30,000 (47.45%) |
| Retail Shares Offered | 1,30,000 (47.45%) |
| Total Shares Offered | 2,74,001 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
14,000 (5.11%)
Other Shares Offered
1,30,000 (47.45%)
Retail Shares Offered
1,30,000 (47.45%)
Total Shares Offered
2,74,001 (100%)
Information about company
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.
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.
Objectives of IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
To meet the Working Capital requirements of the Company;
To meet the General Corporate Purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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