Avax Apparels IPO will open on January 7, 2025, and close on January 9, 2025. This is a Fixed Price Issue IPO. The company plans to raise approximately ₹1.92 crores, including a fresh issue worth ₹1.92 crores. Details regarding the offer for sale are yet to be announced. The IPO price is ₹70 per share. The investor portion is divided into 50% for retail investors, 0% for QIB, and 50% for HNIs. Avax Apparels IPO is scheduled to list on the BSE on January 14, 2025. The allotment date is January 10, 2025. In 2024, the company recorded a revenue of ₹22.06 crores compared to ₹14.70 crores in 2023. The company reported a profit of ₹1.38 crores in 2024, up from ₹0.69 crores in 2023. Based on the financials, this IPO is recommended for long-term investment.
Avax Apparels IPO Details
Field
Value
ipo title
Avax Apparels And Ornaments BSE SME
status
Listed
gain percentage
90%
subscription
260.42x
price
70
gmp
20
est listing
90 (28.57%)
ipo size
₹ 1.92 Cr
Avax Apparels IPO Dates
Field
Value
lot
2,000
open
07-Jan
close
09-Jan
boa dt
10-Jan
listing
14-Jan
Avax Apparels IPO Financial Report
In 2024, the company reported revenue of ₹22.06 crores, a significant increase from ₹14.70 crores in 2023. The profit also improved to ₹1.38 crores in 2024, compared to ₹0.69 crores in 2023.
Financial Year
2022
2023
2024
September 2024
Revenue
₹0.29
₹14.70
₹22.06
₹15.01
Expense
₹0.28
₹13.76
₹20.12
₹13.75
Profit
₹0.01
₹0.69
₹1.38
₹0.91
Total Assets
₹0.58
₹3.47
₹4.85
₹10.89
About Avax Apparels IPO
Avax Apparels, established in 2005, operates in two primary sectors: wholesale trading and online retail of silver ornaments. The company specializes in selling knitted fabrics to other businesses and a variety of jewelry, including anklets, bracelets, bangles, bowls, and chains, primarily through its website. Strategically located in a key textile manufacturing hub, Avax Apparels leverages its geographic advantage to expand business relationships and resources. The company emphasizes operational efficiency and has built a strong organizational structure, employing many skilled women. Financially, the company has seen robust growth, with a 50% revenue increase in 2024, amounting to ₹2,205 lakhs. Notable leadership includes Mr. Harinderpal Singh Sodhi as Managing Director and Mr. Harish Kumar in a key role.
Avax Apparels IPO Registrar
Skyline Financial Services Private Limited
Phone: +91 22 2851 1022
Email: ipo@skylinerta.com
Website: www.skylinerta.com
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
Avax Apparels IPO FAQs
What is Avax Apparels IPO?
Avax Apparels IPO is a SME IPO where the company aims to raise ₹1.92 crores. The issue is priced at ₹70 per equity share, and it will be listed on the BSE.
When will Avax Apparels IPO open for subscription?
The IPO will open on January 7, 2025, and close on January 9, 2025.
What is Avax Apparels IPO Investors' Portion?
The portion is allocated as 50% for retail investors and 50% for HNIs, with no allocation for QIB.
How to apply for Avax Apparels IPO?
You can apply via ASBA online using your bank account or UPI through your stock brokers. Offline forms are also available through stock brokers.
What is Avax Apparels IPO Issue Size?
The issue size for Avax Apparels IPO is ₹1.92 crores.
What is Avax Apparels IPO Price Band?
The price band for the IPO is ₹70 per share.
What is Avax Apparels IPO Lot Size?
The minimum bid size is 2,000 shares, requiring a ₹1,40,000 investment.
What is the Avax Apparels IPO Allotment Date?
The allotment date is January 10, 2025.
What is the Avax Apparels IPO Listing Date?
The listing date is January 14, 2025, on BSE.
About GMPSHARE
Gmpshare Pvt. Ltd.
4-158/9 5th Cross Road, Sainikpuri, Secunderabad - 500094, TS, IND
