September 19, 2024
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Avax Apparels IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years. India`s Oldest Investment & IPO website. Most Trusted by Investors across India. Table of Contents
Avax Apparels IPO listing Review
Avax Apparels IPO allotment Link
Subscription status of Avax Apparels IPO
Will update soon
What is the business of Avax Apparels?- Wholesale Trading
- Online Retail of Silver Ornaments
- Rings
- Ladies’ Payal
- Gents Kada
- Plate Sets
- Glassware
- Bangles
- Bowls
- Chains
- Other Jewelry Items
- Geographical Advantage: Located in the heart of the cloth manufacturing industry, enhancing its wholesale trading capabilities.
- Strong Business Relationships: Its established connections within the industry contribute to our success and operational efficiency.
- Growing Demand: It is well-positioned to capitalize on the increasing demand for both knitted fabrics and silver ornaments.
Avax Apparels IPO Details |
|
| IPO opens on | 20 September 2024 |
| IPO closes on | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 274,000 Shares / Rs 1.92 Crore |
| * Fresh Issue | 274,000 Shares / Rs 1.92 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 14,000 Shares |
| Net offer to Public | 260,000 Shares/ Rs.1.82 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.70 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 130,000 | 0.91 |
| RII (50%) | 130,000 | 0.91 |
| Total Shares | 260,000 | 1.82 |
| Retail portion will be oversubscribed by | 65 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.140,000 |
| Min HNI Application | 4000 Shares | Rs.280,000 |
Who are the Promoters of Avax Apparels IPO? The Promoters of the company are Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar
What are the Objects of Avax Apparels IPO?
The Offer comprises of fresh issue of shares. The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: To meet the Working Capital requirements of the Company; To meet the General Corporate Purposes
Tentative timetable |
|
| IPO opens on | 20 September 2024 |
| IPO Closes on | 24 September 2024 |
| IPO Allotment on | 25 September 2024 |
| Refund Initiation | 26 September 2024 |
| Credit of Shares | 27 September 2024 |
| Listing on | 27 September 2024 |
| Registered Office of the Company Avax Apparels and Ornaments Limited 611 6th Floor r Jaina Tower II Distt. Centre Janakpuri, West Delhi,-110058 |
| Who is the Lead Manager of this IPO? SKI Capital Services Limited |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
Avax Apparels IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 0.29 | 0.01 | – | – |
| 2022-23 | 14.70 | 0.69 | – | – |
| 2023-24 | 22.06 | 1.38 | 18.06 | 43.91 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 70 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 3.88 |
| Price/BV Ratio | 1.70 |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Avax Apparels | 3.88 | ||
| Anand Rayons | 21.60 | ||
| Aarnav Fashipns | 41.30 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Avax Apparels IPO Review
Avax Apparels specializes in the wholesale trading of high-quality knitted fabrics. Our strategic location in a major cloth manufacturing hub gives us a competitive edge in sourcing and distributing fabric. Size: Net size of the IPO is Rs.1.82 crore, comprising of 260,000 shares. The size of the IPO is very very small and so reasonable oversubscription can be achieved smoothly. Financial Snapshot: The company has shown good profits in the year prior to the IPO. The shares are offered at very low valuation. However looking to its business, the IPO is not so attractive.
Quicklinks
Avax Apparels IPO GMP grey market premium
Avax Apparels IPO FAQs
What is Avax Apparels IPO?
This is a SME IPO of 274,000 equity shares of the face value of Rs. 10 aggregating up to Rs.1.92 Crores. The issue is priced at Rs.70 per share. The minimum order quantity is 2000 Shares.
When will Avax Apparels IPO subscription open?
Avax Apparels IPO opens on September 20, 2024, and closes on September 24, 2024.
What is the lot size of Avax Apparels IPO?
Avax Apparels IPO lot size is 2000 Shares, and the minimum amount required is Rs.140,000
How to apply for Avax Apparels IPO?
You can apply in Avax Apparels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Avax Apparels IPO allotment?
The finalization of Basis of Allotment for Avax Apparels IPO will be done on September 25 2024, and the allotted shares will be credited to your demat account by September 26, 2024.
When is Avax Apparels IPO listing date?
Avax Apparels IPO listing date is September 27, 2024.
Subscription status of Avax Apparels IPO
Will update soon
What is the business of Avax Apparels?- Wholesale Trading
- Online Retail of Silver Ornaments
- Rings
- Ladies’ Payal
- Gents Kada
- Plate Sets
- Glassware
- Bangles
- Bowls
- Chains
- Other Jewelry Items
- Geographical Advantage: Located in the heart of the cloth manufacturing industry, enhancing its wholesale trading capabilities.
- Strong Business Relationships: Its established connections within the industry contribute to our success and operational efficiency.
- Growing Demand: It is well-positioned to capitalize on the increasing demand for both knitted fabrics and silver ornaments.
Avax Apparels IPO Details |
|
| IPO opens on | 20 September 2024 |
| IPO closes on | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 274,000 Shares / Rs 1.92 Crore |
| * Fresh Issue | 274,000 Shares / Rs 1.92 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 14,000 Shares |
| Net offer to Public | 260,000 Shares/ Rs.1.82 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.70 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 130,000 | 0.91 |
| RII (50%) | 130,000 | 0.91 |
| Total Shares | 260,000 | 1.82 |
| Retail portion will be oversubscribed by | 65 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.140,000 |
| Min HNI Application | 4000 Shares | Rs.280,000 |
Who are the Promoters of Avax Apparels IPO? The Promoters of the company are Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar
What are the Objects of Avax Apparels IPO?
The Offer comprises of fresh issue of shares. The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: To meet the Working Capital requirements of the Company; To meet the General Corporate Purposes
Tentative timetable |
|
| IPO opens on | 20 September 2024 |
| IPO Closes on | 24 September 2024 |
| IPO Allotment on | 25 September 2024 |
| Refund Initiation | 26 September 2024 |
| Credit of Shares | 27 September 2024 |
| Listing on | 27 September 2024 |
| Registered Office of the Company Avax Apparels and Ornaments Limited 611 6th Floor r Jaina Tower II Distt. Centre Janakpuri, West Delhi,-110058 |
| Who is the Lead Manager of this IPO? SKI Capital Services Limited |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
Avax Apparels IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 0.29 | 0.01 | – | – |
| 2022-23 | 14.70 | 0.69 | – | – |
| 2023-24 | 22.06 | 1.38 | 18.06 | 43.91 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 70 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 3.88 |
| Price/BV Ratio | 1.70 |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Avax Apparels | 3.88 | ||
| Anand Rayons | 21.60 | ||
| Aarnav Fashipns | 41.30 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Avax Apparels IPO Review
Avax Apparels specializes in the wholesale trading of high-quality knitted fabrics. Our strategic location in a major cloth manufacturing hub gives us a competitive edge in sourcing and distributing fabric. Size: Net size of the IPO is Rs.1.82 crore, comprising of 260,000 shares. The size of the IPO is very very small and so reasonable oversubscription can be achieved smoothly. Financial Snapshot: The company has shown good profits in the year prior to the IPO. The shares are offered at very low valuation. However looking to its business, the IPO is not so attractive.
Quicklinks
Avax Apparels IPO GMP grey market premium
Avax Apparels IPO FAQs
What is Avax Apparels IPO?
This is a SME IPO of 274,000 equity shares of the face value of Rs. 10 aggregating up to Rs.1.92 Crores. The issue is priced at Rs.70 per share. The minimum order quantity is 2000 Shares.
When will Avax Apparels IPO subscription open?
Avax Apparels IPO opens on September 20, 2024, and closes on September 24, 2024.
What is the lot size of Avax Apparels IPO?
Avax Apparels IPO lot size is 2000 Shares, and the minimum amount required is Rs.140,000
How to apply for Avax Apparels IPO?
You can apply in Avax Apparels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Avax Apparels IPO allotment?
The finalization of Basis of Allotment for Avax Apparels IPO will be done on September 25 2024, and the allotted shares will be credited to your demat account by September 26, 2024.
When is Avax Apparels IPO listing date?
Avax Apparels IPO listing date is September 27, 2024.
