Avax Apparels And Ornaments Limited
Avax Apparels and Ornaments Limited operates in two main business segments: wholesale trading of knitted cloth and online retail of silver ornaments. Based in Punjab, India, the company has a strong foothold in the regional textile market, known for offering high-quality knitted fabrics at competitive prices while staying aligned with current fashion trends. Its second business, conducted via https://blushines.com, focuses on selling sterling silver jewellery online, including customizable necklaces, rings, earrings, and more. With a user-friendly and secure e-commerce platform, the company is committed to quality, affordability, and customer satisfaction
Price Band₹70 |
Dates07 Jan - 09 Jan |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹1.92 Crs |
Avax Apparels and Ornaments IPO Objects
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes
Avax Apparels and Ornaments IPO Details
Price Band₹70 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹1.92 Cr (0.03 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹1.92 Cr (0.03 Cr Shares) |
Face Value₹10 per equity share |
Avax Apparels and Ornaments IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
2,000
1,40,000
Maximum
1
2,000
1,40,000
|
|||
| NII |
Minimum
2
4,000
2,80,000
|
|||
Avax Apparels and Ornaments IPO GMP
The estimated Grey Market Premium of Avax Apparels and Ornaments IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| Retail | 50% of Net Offer |
| Other | 50% of Net Offer |
| Market Maker | 14,000 EQ Shares |
Avax Apparels and Ornaments IPO Financials
| Particulars | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 15.01 | 22.06 | 14.70 | 0.29 |
| Profit after Tax | 0.91 | 1.38 | 0.69 | 0.01 |
| Net Worth | 4.05 | 3.15 | 1.76 | 0.02 |
| Total Borrowing | 0.72 | 0.72 | 0.00 | 0.30 |
| Total Assets | 10.89 | 4.85 | 3.47 | 0.58 |
| NAV per share (in ₹) | 52.97 | 41.13 | 23.07 | 15.28 |
| EPS - Basic (in ₹) | 11.84 | 18.06 | 9.07 | 0.94 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 9.52% |
| PAT | 6.26% |
| ROE | 43.91% |
| ROCE | 61.68% |
| PE Ratio | 3.88 |
| PB Ratio | 1.70 |
| Mkt Cap (in Crs.) | 7.27 |
- All Ratios are based on Mar 24
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Avax Apparels and Ornaments IPO Peer Comparision
| Particulars | Co. | Anand Rayons | Aarnav Limited |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 22.06 | 344.26 | 356.49 |
| PAT (In Crs.) | 0.91 | 1.59 | 3.93 |
| EPS - Basic | 18.06 | 2.09 | 1.33 |
| NAV per share | 52.97 | 25.30 | 43.30 |
| RONW | 44.72% | 8.37% | 4.30% |
| EBITDA | 9.52% | 2.14% | 7.70% |
| PAT Margin | 6.26% | 0.91% | 1.69% |
| Price to earning (PE) | 3.88 | 21.60 | 41.30 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of  November 18, 2024 for Peers
Avax Apparels and Ornaments IPO Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from Ops (in Crs.) | 22.06 |
| PAT (In Crs.) | 0.91 |
| EPS - Basic | 18.06 |
| NAV per share | 52.97 |
| RONW | 44.72% |
| EBITDA | 9.52% |
| PAT Margin | 6.26% |
| Price to earning (PE) | 3.88 |
| Anand Rayons | Aarnav Limited |
|---|---|
| 344.26 | 356.49 |
| 1.59 | 3.93 |
| 2.09 | 1.33 |
| 25.30 | 43.30 |
| 8.37% | 4.30% |
| 2.14% | 7.70% |
| 0.91% | 1.69% |
| 21.60 | 41.30 |
- All the information pertains to FY 2023-24
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of  November 18, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Harinderpal Singh Sodhi | 28.50% |
| Harish Kumar | 28.50% |
| Others | 57.00% |
Management Details
| Name | Designation |
|---|---|
| Mr. Harinderpal Singh Sodhi | MD |
| Mr. Rajesh Singla | CFO |
Company Details
Name: Avax Apparels and Ornaments Limited
Address: 611 6th Floor Jaina Tower II Distt. Centre Janakpuri, West Delhi, Delhi- 110058
Number: +011-44750642/ +91-9599497767
Email: secretarial@avaxapparels.com
Website: https://www.avaxapparels.com
Book Running Lead Managers (BRLMs)
SKI Capital
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Skyline Financial Services
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Avax Apparels and Ornaments IPO is a SME IPO having an issue size of Rs. ₹1.92 Crs. Avax Apparels and Ornaments IPO is priced at ₹70 - ₹70 per share. The issue opens on 07 Jan 25 and closes on 09 Jan 25.
Avax Apparels and Ornaments IPO opens on 07 Jan 25 and closes on 09 Jan 25.
The estimated Grey Market Premium of Avax Apparels and Ornaments IPO is ₹0 per share (0.00%).
The minimum lot size of Avax Apparels and Ornaments IPO is 2000 shares & the minimum application amount is Rs. 140000.
The allotment date of Avax Apparels and Ornaments IPO is 10 Jan 25.
The listing date of Avax Apparels and Ornaments IPO is 14 Jan 25.
Avax Apparels and Ornaments IPO is subscribed -.
Avax Apparels and Ornaments IPO is priced at ₹70 - ₹70 per share.
Click the allotment link on Avax Apparels and Ornaments IPO page of IPO360.
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