Avax Apparels IPO Details
| IPO Issue Open Date: | 7 January 2025 |
| IPO Issue Close Date: | 9 January 2025 |
| IPO Issue Price Band: | ₹70 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹1.92 Crores | 2,74,000 shares |
| Fresh Issue: | ₹1.92 Crores | 2,74,000 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE SME |
| IPO Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| Employee Discount: | ₹[.] per share |
Avax Apparels IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Avax Apparels IPO Dates Timeline
| Issue Open Date: | 7 January 2025 |
| Issue Close Date: | 9 January 2025 |
| Basis of Allotment Date: | 10 January 2025 |
| Refunds Initiation: | 13 January 2025 |
| Shares Credit in Demat: | 13 January 2025 |
| IPO Listing Date Detail: | 14 January 2025 |
Avax Apparels IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 2,000 shares = ₹140,000 |
| Retail (Max) | 1 lots and 2,000 shares = ₹140,000 |
| HNI (Min) | 2 lots and 600 shares = ₹280,000 |
| B-HNI Minimum | – |
Avax Apparels IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹20 | ₹25,000 | ₹- | 29% |
| 5th Jan | ₹- | ₹- | ₹- | ₹- |
About Avax Apparels
Avax apparels was founded in 2005 and involved the business of wholesale trading and online retail of silver ornaments. Moreover, it sells substantial quantities of knitted fabric to other companies and jewelry products like anklets, bracelets a bangles, bowls, and chains through its online portals. Its location in the center of cloth manufacturing gives it an edge. The increasing demand for its products and the strong business connections built by its management also help the company succeed. Good location, Strong network and connections in the industry, and Great customer relationships are the pros of this company. Significantly, most of the work of this company has been finished by skilled and expert women. Mr. Harinderpal Singh Sodhi is the Managing Director and Mr. Harish Kumar is the main member of the leading company. Revenue of this company has also surged 50%v of the 2024 respectively.
Avax Apparels IPO Strengths
To Be Updated Soon
Objects of the IPO Issue
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes;
Avax Apparels Company Financial Report
The company reported revenue of ₹22.06 crores in 2024 against ₹14.70 crores in 2023. The company reported a profit of ₹1.38 crores in 2024 against a loss of ₹0.69 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 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 – Key Performance Indicator
KPI as of March 31, 2024.
| 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
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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. |
Avax Apparels IPO Registrar
Skyline Financial Services Private Limited
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Avax Apparels IPO Lead Manager
- Ski Capital Services Limited
Avax Apparels IPO allotment status check on Skyline Financial website. Click on Skyline Financial Services Private Limited to get allotment status.
Promoters of Avax Apparels
- Harinderpal Singh Sodhi
- Harish Kumar
Company Address
Avax Apparels And Ornaments Limited
611 6th Floor Jaina Tower II Distt.
Centre Janakpuri, West Delhi, Delhi- 110058
Phone: +011-44750642/ +91-9599497767
Email: secretarial@avaxapparels.com
Website: www.avaxapparels.com