Avax Apparels And Ornaments Enablers IPO Date, Review, Price, Allotment Details

Avax Apparels And Ornaments Enablers IPO is opening for subscription on September 20, 2024, and closing on September 24, 2024. This BSE SME IPO aims to raise ₹1.92 crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Avax Apparels And Ornaments Enablers IPO is fixed at ₹70 Per Share, with a market lot of 2000 Shares.The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Avax Apparels And Ornaments Enablers IPO Allotment will done on September 25, 2024, and Avax Apparels And Ornaments Enablers IPO listing date is September 27, 2024.

 

Avax Apparels And Ornaments Enablers Company Profile

Avax Apparels And Ornaments Limited is an emerging player in the textile and jewelry sectors, operating across wholesale trading and online retail segments. The company’s business model combines traditional wholesale operations with modern e-commerce strategies, focusing on knitted fabrics and silver jewelry.

Core Business Segments

1. Wholesale Trading of Knitted Cloth:
   Avax Apparels engages in the wholesale trading of knitted cloth. The company sources knitted fabric from manufacturers and supplies it to wholesale companies and readymade garment manufacturers primarily in Punjab. This segment has seen an investment in the latest machinery, aimed at enhancing manufacturing capabilities and improving product quality.

• Silver Rings
• Silver Pajebs (anklets)
• Silver Kada (bracelets)
• Silver Plate Sets
• Silver Glasses
• Silver Bangles
• Silver Bowls
• Silver Chains
• Other Silver Jewelry

Online Retail of Silver Ornaments:
The company operates an online platform for retailing a diverse range of silver jewelry. This includes products such as:

Avax Apparels plans to start in-house manufacturing of silver jewelry as part of a backward integration strategy. This move aims to transition from outsourcing to producing their own products, which is expected to enhance control over quality and reduce costs.

 

Avax Apparels And Ornaments Enablers IPO GMP

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Avax Apparels And Ornaments Enablers IPO Objectives

The funds raised through the IPO will be utilized for:

1. Meeting working capital requirements to support ongoing operations and growth.
2. Funding general corporate purposes, which may include expansion, marketing, and other strategic initiatives.

 

Avax Apparels And Ornaments Enablers IPO Key Details

• Avax Apparels And Ornaments Enablers IPO Open Date: September 24, 2024
• Avax Apparels And Ornaments Enablers IPO Close Date: September 24, 2024
• Avax Apparels And Ornaments Enablers IPO Size: Approximately ₹1.92 crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Avax Apparels And Ornaments Enablers IPO Price Band: ₹70 Per Equity Share
• Avax Apparels And Ornaments Enablers IPO Listing on: BSE SME IPO
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

 

Avax Apparels And Ornaments Enablers IPO Timeline

• Avax Apparels And Ornaments Enablers IPO Open Date: September 24, 2024
• Avax Apparels And Ornaments Enablers IPO Close Date: September 24, 2024
• Basis of Allotment: September 25, 2024
• Refunds: September 25, 2024
• Credit to Demat Account: September 25, 2024
• Avax Apparels And Ornaments Enablers IPO Listing Date: September 27, 2024

 

How to Apply for Avax Apparels And Ornaments Enablers IPO

Investors can apply for the Avax Apparels And Ornaments Enablers IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the BSE website.

 

Avax Apparels And Ornaments Enablers Financial Performance (in Crores)

• Year 2022: Revenue ₹0.29, Expense ₹0.28, PAT ₹0.01, Assets ₹0.58
• Year 2023: Revenue ₹14.70, Expense ₹13.76, PAT ₹0.69, Assets ₹3.47
• Year 2024: Revenue ₹22.06, Expense ₹20.12, PAT ₹1.38, Assets ₹4.85

 

Avax Apparels And Ornaments Enablers Valuation FY2024

• Return on Equity (ROE): 43.91%
• Return on Capital Employed (ROCE): 37.50%
• EBITDA Margin: 9.52%
• Profit After Tax (PAT) Margin: 6.26%
• Debt to Equity Ratio: 0.23
• Earnings Per Share (EPS): ₹18.06 (Basic)
• Price/Earnings (P/E) Ratio: 3.88
• Return on Net Worth (RoNW): 43.91%
• Net Asset Value (NAV): ₹41.13

 

Avax Apparels And Ornaments Enablers Peer Group

• Anand Rayons Limited: EPS ₹2.09, PE Ratio 21.60, RoNW 9.02%, NAV ₹24.2, Income ₹3 Cr.
• Aarnav Fashions Limited: EPS ₹1.33, PE Ratio 41.3, RoNW 3.2%, NAV ₹42.4, Income ₹6 Cr.

 

Avax Apparels And Ornaments Enablers Company Promoters

• Mr. Harinderpal Singh Sodhi
• Mr. Harish Kumar

 

Avax Apparels And Ornaments Enablers IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: ipo@skylinerta.com

Avax Apparels And Ornaments Enablers IPO Allotment Status Check

• Check the Avax Apparels And Ornaments Enablers IPO allotment status on the Bigshare Serviceswebsite.

 

Avax Apparels And Ornaments Enablers IPO Allotment Link

• Check the Avax Apparels And Ornaments EnablersIPO allotment on the Check Ipo Allotment website.

 

Avax Apparels And Ornaments Enablers IPO Lead Managers (Merchant Bankers)

• Skyline Financial Services Private Ltd

Avax Apparels And Ornaments Enablers Company Address

611 6th Floor
Jaina Tower II Distt. Centre Janakpuri, West Delhi
New Delhi,Delhi-110 058 India
Website: https://avaxapparels.com/
Phone: +011-44750642
Email: secretarial@avaxapparels.com

Avax Apparels And Ornaments Enablers IPO FAQs

What is Avax Apparels And Ornaments Enablers IPO?

Avax Apparels And Ornaments Enablers IPO is a BSE SME IPO. They are going to raise ₹1.92 crores via IPO. The issue is priced at ₹70 Per equity share. The IPO is to be listed on BSE.

 

When will the Avax Apparels And Ornaments Enablers IPO open?

The IPO is to open on September 24, 2024, for NII, and Retail Investors.

 

What is Avax Apparels And Ornaments Enablers IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

 

How to Apply for the Avax Apparels And Ornaments Enablers IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Avax Apparels And Ornaments Enablers IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Avax Apparels And Ornaments Enablers IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Avax Apparels And Ornaments Enablers IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Avax Apparels And Ornaments Enablers IPO Size?

Avax Apparels And Ornaments Enablers IPO size is ₹1.92 crores.

 

What is Avax Apparels And Ornaments Enablers IPO Price Band?

Avax Apparels And Ornaments Enablers IPO Price Band is ₹70 Per equity share.

 

What is Avax Apparels And Ornaments Enablers IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 Shares with ₹140,000.

 

What is Avax Apparels And Ornaments Enablers IPO Allotment Date?

Avax Apparels And Ornaments Enablers IPO allotment date is September 25, 2024.

 

What is Avax Apparels And Ornaments Enablers IPO Listing Date?

Avax Apparels And Ornaments Enablers IPO listing date is September 27, 2024. The IPO to list on BSE SME IPO.