Avax Apparels And Ornaments IPO is a fixed-price issue totaling ₹1.92 crores, consisting entirely of a fresh issue of 2.74 lakh shares.
The IPO opens for subscription on January 7, 2025, and closes on January 9, 2025. The allotment of shares is expected to be finalized on Friday, January 10, 2025. The IPO will list on the BSE SME platform, with a tentative listing date set for Tuesday, January 14, 2025.
Avax Apparels and Ornaments Limited operates in two distinct business segments: wholesale trading of knitted fabric and online retail of silver ornaments. They offer a wide range of silver jewelry and items, including rings, payals, kadas, bangles, and more, supplying customers across major cities in India.
The IPO price is fixed at ₹70 per share, with a minimum application lot size of 2,000 shares. Retail investors need to invest a minimum of ₹1,40,000, while high-net-worth individuals (HNIs) must apply for at least 2 lots (4,000 shares), amounting to ₹2,80,000.
SKI Capital Services Limited acts as both the book-running lead manager and the market maker for the Avax Apparels And Ornaments IPO. Skyline Financial Services Private Ltd serves as the registrar for the issue.
Avax Apparels And Ornaments IPO Details:
| Company Name | Avax Apparels And Ornaments Limited |
| Sector | Apparels and Oranments |
| IPO Type | SME |
| IPO Open date | 07th Jan 2025 |
| IPO Close date | 09th Jan 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Avax Apparels And Ornaments IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,40,000 |
| HNI (Min) | 2 | 4000 | 2,80,000 |
Avax Apparels And Ornaments IPO Timeline:
| IPO Open Date | 07th Jan 2025 |
| IPO Close Date | 09th Jan 2025 |
| Basis of Allotment | 10th Jan 2025 |
| Refund Initiation Date | 13th Jan 2025 |
| Shares Credit to Demat | 13th Jan 2025 |
| Listing Date | 14th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Avax Apparels And Ornaments’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Apparels and Oranments Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Avax Apparels And Ornaments and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
