Last Updated on September 21, 2024 by Wenivesh Team
The Avax Apparels And Ornaments Limited IPO is gearing up for its debut, offering an exciting opportunity for investors. Here’s a simple breakdown of what to expect from this IPO, including important dates, financials, and market sentiments.
Avax Apparels And Ornaments Limited IPO Overview
The Avax Apparels And Ornaments Limited IPO is priced at ₹70 per equity share, with each share having a face value of ₹10. Investors will need to buy a minimum of 2,000 shares, which comes to an investment of ₹140,000 per lot. The IPO size consists of 274,000 shares, with a total value of ₹1.92 crore.
Key Details:
| Issue Price | ₹70 per equity share |
|---|---|
| Market Lot | 2,000 shares (₹140,000) |
| Issue Size | 274,000 shares (₹1.92 crore) |
| Retail Portion | 50% |
| Listing Venue | BSE SME |
| Registrar | Skyline Financial Services Private Ltd |
| Lead Manager | SKI Capital Services Limited |
Important Dates for Avax Apparels And Ornaments Limited IPO
The Avax Apparels And Ornaments Limited IPO is set to open for subscription on September 20, 2024, and will close on September 24, 2024. Allotments are expected to be finalized on September 25, 2024, with the listing planned for September 27, 2024.
| Event | Date |
|---|---|
| IPO Opening Date | September 20, 2024 |
| IPO Closing Date | September 24, 2024 |
| Allotment Date | September 25, 2024 |
| Listing Date | September 27, 2024 |
Avax Apparels And Ornaments Limited IPO GMP Today
As of now, there is no Grey Market Premium (GMP) for the Avax Apparels And Ornaments Limited IPO, indicating that no grey market trading activities have begun yet. Investors should keep an eye on this as the IPO date approaches, as GMP can provide an indication of market sentiment.
Avax Apparels And Ornaments Limited IPO Subscription Details
The initial public offering (IPO) of Avax Apparels And Ornaments Limited received a moderate response from investors, closing with an overall subscription of 1.92 times. The IPO saw subscriptions from both retail and non-institutional investors (NII), while the Qualified Institutional Buyer (QIB) portion remained unsubscribed.
| Category | Subscription (Times) |
|---|---|
| Retail Investors | 0.96 |
| Non-Institutional Investors (NII) | 0.96 |
| Qualified Institutional Buyers (QIB) | 0.00 |
| Overall Subscription | 1.92 |
Avax Apparels And Ornaments Limited IPO Financials
Avax Apparels and Ornaments Limited has been showing strong financial performance, which makes this IPO an attractive opportunity. Here’s a snapshot of their recent financial metrics:
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹18.06 | ₹13.3 |
| P/E Ratio | 3.88 | 5.26 |
| Return on Net Worth (RoNW) | 43.91% | – |
Financial Performance (₹ Lakh)
| Year | Assets | Revenue | Profit After Tax |
|---|---|---|---|
| March 31, 2024 | ₹484.6 | ₹2205.98 | ₹138.19 |
| March 31, 2023 | ₹346.89 | ₹1470.21 | ₹69.44 |
| March 31, 2022 | ₹57.66 | ₹28.87 | ₹1.01 |
This table clearly shows how the company has grown significantly over the past few years, especially in terms of revenue and profit, which bodes well for potential investors in the Avax Apparels And Ornaments Limited IPO.
Objectives of the Avax Apparels And Ornaments Limited IPO
The company plans to use the funds raised through the Avax Apparels And Ornaments Limited IPO for two primary purposes:
- Meeting working capital requirements
- General corporate purposes
These objectives are aimed at supporting the company’s future growth and ensuring smooth operations as they continue to expand their presence in the apparel and ornament sectors.
Company Profile and Background
Avax Apparels and Ornaments Limited is involved in the wholesale trading and online retail of silver ornaments, such as rings, payals, bangles, kadas, and more. The company is strategically located in a cloth manufacturing hub, which provides them with logistical advantages and allows them to maintain strong relationships with suppliers and customers.
Risks of Avax Apparels And Ornaments Limited IPO
While the Avax Apparels And Ornaments Limited IPO offers a promising opportunity, there are also some risks to consider:
- Concentration Risk: The company’s focus on wholesale trading and online retail in specific markets may pose risks if there’s a downturn in these sectors.
- Dependence on Promoters: The company’s success is heavily reliant on its promoters, Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar.
- Intense Competition: The apparel and ornaments market is highly competitive, with many established players, which could impact the company’s market share.
Benefits of Avax Apparels And Ornaments Limited IPO
On the positive side, the company has several strengths:
- Geographical Advantage: Being located in a cloth manufacturing hub provides logistical and cost advantages.
- Diversified Product Range: The company offers a wide variety of silver ornaments that cater to different customer preferences.
- Experienced Leadership: The promoters bring substantial experience in the industry, which adds to the company’s growth prospects.
Conclusion
The Avax Apparels And Ornaments Limited IPO is an exciting opportunity for investors looking to engage with a growing company in the apparel and ornament sector. With strong financials, a clear growth strategy, and experienced leadership, this IPO is one to watch closely. Keep an eye on the Avax Apparels And Ornaments Limited IPO subscription status and GMP for the latest updates as we approach the listing date.
Hope this blog On Avax Apparels And Ornaments IPO has been informative and insightful.
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