Avax Apparels And Ornaments IPO Allotment Status: Check Allotment Status Online on BSE & Skyline Financial Services

10 January 2025
3 min read
Avax Apparels And Ornaments IPO Allotment Status: Check Allotment Status Online on BSE & Skyline Financial Services
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Established in June 2005, Avax Apparels and Ornaments Limited operates in two distinct business segments — wholesale trading and online retail of silver ornaments. The allotment for the company's IPO is likely to be finalized today, Friday, January 10, 2025.

Checking Avax Apparels and Ornaments IPO Allotment Status Online

Steps to Check Avax Apparels and Ornaments IPO Allotment Status on BSE 

  1. Open the Application Status page of BSE here
  2. Choose "Equity" as the issue type. 
  3. Select "Avax Apparels And Ornaments Ltd." from the list of companies. 
  4. Enter your IPO application number or PAN. 
  5. Verify the captcha by clicking on the "I am not a Robot" box. 
  6. Click the "Submit" button to check the details of the allotment status.

Steps to Check Avax Apparels and Ornaments IPO Allotment Status on Skyline Financial Services

  1. Visit the IPO allotment page of Skyline Financial Services Pvt. here
  2. Select "Avax Apparels And Ornaments Ltd." on the Check Application Status page. 
  3. Choose either DPID/Client ID, Application Number or PAN. 
  4. Enter the required details based on your selection. 
  5. Click 'Search' to see the allotment status.

Avax Apparels and Ornaments IPO Details

Avax Apparels and Ornaments has launched a fixed-price IPO worth ₹1.92 crore, consisting entirely of a fresh issue of 2.74 lakh shares at a price of ₹70 per share. The bidding for the IPO took place from January 7 to January 9, 2025, with the allotment likely to be finalized today, Friday, January 10, 2025. The company's shares are set to be listed on the BSE SME platform, with the tentative listing date scheduled for January 14, 2025. SKI Capital Services Limited is acting as the book-running lead manager and market maker for the IPO, while Skyline Financial Services Private Ltd has been appointed as the registrar for the issue.

Use of Proceeds

The company plans to utilize the net proceeds from the issue to address its working capital requirements and support general corporate purposes, ensuring smooth business operations and future growth.

Avax Apparels and Ornaments IPO Day 3 Subscription Status

(January 9, 2025, End of the Day)

On the third day of bidding, the Avax Apparels and Ornaments IPO was subscribed 259.81 times the total shares offered. Non-Institutional Investors (NIIs) subscribed to 140.4 times their allotted share portion. Retail Investors subscribed to 371.2 times the shares reserved for them.

Avax Apparels and Ornaments Business Overview

Established in June 2005, Avax Apparels and Ornaments Limited operates across two distinct business segments: wholesale trading and online retail of silver ornaments. The company deals in knitted fabric through its wholesale trading division and offers a wide range of silver jewellery online, including rings, anklets, bracelets, bangles, chains, bowls, and plate sets, catering to customers across major cities in India. Leveraging its strategic location in a key textile manufacturing hub, the company enjoys a competitive edge in the wholesale market.


Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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