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Objective of the Issue
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.
IPO Details, Price, Market Lot
| Avax Apparels And Ornaments SME IPO Details | |
| IPO Open Date | 7 January 2025 |
| IPO Close Date | 9 January 2025 |
| IPO Issue Size | 2,74,000 Shares (Aggregating up to ₹1.92 Cr) |
| Fresh Issue | 2,74,000 Shares (Aggregating up to ₹1.92 Cr) |
| Offer for Sale | NIL |
| Retail Portion | 50% |
| Other’s Portion | 50% |
| Listing At | BSE SME |
| Avax Apparels And Ornaments SME IPO Price | |
| Face Value | ₹10 per share |
| IPO Price Band | ₹ 70 per share |
| Employee Discount | — |
| IPO Issue Type | Fixed Price Issue |
| Avax Apparels And Ornaments SME IPO Market Lot For Retail Investor | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 1 Lot (2000 Shares) |
| Minimum Amount (Cut-off price) | ₹1,40,000 |
| Maximum Lot Size | 1 Lot (2000 Shares) |
| Maximum Amount (Cut-off price) | ₹1,40,000 |
| Avax Apparels And Ornaments SME IPO Market Lot For HNI | |
| No. of Shares Per Lot | 2000 Shares |
| Minimum Lot Size | 2 Lots (4000 Shares) |
| Minimum Amount (Cut-off price) | ₹2,80,000 |
IPO Date, Listing Date, Allotment Date
| Avax Apparels And Ornaments SME IPO Time Table (Tentative) | |
| IPO Open Date | 7 January 2024 |
| IPO Close Date | 9 January 2024 |
| Basis of Allotment Date | 10 January 2024 |
| Initiation of Refunds | 13 January 2024 |
| Credit of Share to Demat Account | 13 January 2024 |
| IPO Listing Date | 14 January 2024 |
Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 30 September 2024 | 1,089.09 | 1,500.93 | 90.61 | 405.3 | 72.02 |
| 31 March 2024 | 484.6 | 2,205.98 | 138.19 | 314.68 | 71.5 |
| 31 March 2023 | 346.89 | 1,470.21 | 69.44 | 176.49 | |
| 31 March 2022 | 57.66 | 28.87 | 1.01 | 1.65 | 30 |
| Period Ended | 30 Sept. 2024 | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 1,089.09 | 484.6 | 346.89 | 57.66 |
| Revenue | 1,500.93 | 2,205.98 | 1,470.21 | 28.87 |
| P A T | 90.61 | 138.19 | 69.44 | 1.01 |
| Net Worth | 405.3 | 314.68 | 176.49 | 1.65 |
| Borrowings | 72.02 | 71.5 | 30 | |
| Amount in ₹ Lakh | ||||
Company Promotor & Promotor’s Holding
Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar are promoter’s of comapny.
| Pre Issue Promotor Holding | 57.00% |
| Post Issue Promotor Holding | 41.97% |
Company Address
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/
IPO Registrar, Lead Manager, Prospectus
| Avax Apparels And Ornaments SME IPO Prospectus |
| Avax Apparels And Ornaments SME IPO Registrar |
| Skyline Financial Services Private Ltd |
| IPO Lead Manager |
| SKI Capital Services Limited |