Avax Apparels and Ornaments IPO

Avax Apparels and Ornaments Ltd

₹1,40,000 /2000 sharesMinimum Investment

Avax Apparels and Ornaments IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Jan ‘25 - 9 Jan ‘25₹1,40,0002,000₹70 - ₹70
Issue SizeIPO Doc
1.92Cr
RHP PDF

Subscription rate

As of 09 Jan'25, 05:00 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor140.48x
Retail Individual Investor368.98x
Total245.53x

About Avax Apparels and Ornaments

Avax Apparels and Ornaments, as the name suggests, operates in 2 business segments. These segments are wholesale trading in fabric and online retail of silver jewellery. In wholesale trading, the company deals in knitted fabric, purchasing it directly from manufacturers and supplying it in bulk to businesses and garment manufacturers across Punjab. Avax also operates an online retail business in silver products. The company’s collection includes silver rings, ladies’ anklets, men’s bracelets, silver plate sets, glasses, bangles, bowls, chains, and other silver jewellery items.;
Founded in
2005
Managing director
Mr. Harinderpal Singh Sodhi
Parent organisation
Avax Apparels and Ornaments Ltd

Strengths & Financials of Avax Apparels and Ornaments

Strengths
Risks
The company has recently invested in machinery to begin manufacturing knitted cloth.
The company has an in-house design team that creates custom designs tailored to customer preferences.
The company claims to have a dedicated quality assurance team that carefully inspects each piece to ensure it meets the company’s strict quality standards.
The company’s plant is equipped with high-speed knitting machines (GSJZ 360, 10G), an air compressor, a 15 KWA generator with a soundproof canopy, single and double needle lock stitching machines, and many other essential machines.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 0.29 crore in FY22 to Rs 14.70 crore in FY23 to Rs 22.06 crore in FY24, while PAT increased from Rs 0.01 crore in FY22 to Rs 0.69 crore in FY23 to Rs 1.38 crore in FY24.

Avax Apparels and Ornaments Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Avax Apparels and Ornaments IPO

Apply asPrice bandApply upto
Regular70 - 70₹2 Lakh
High Networth Individual70 - 70₹2 - 5 Lakh
For Avax Apparels and Ornaments IPO, eligible investors can apply as Regular.
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