Avax Apparels & Ornaments Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

07 Jan 2025

Close Date

09 Jan 2025

Allotment

10 Jan 2025

Listing Date

14 Jan 2025

Exchange

BSE SME

Price Band

₹70

Listing Price

See chart

Allotment Status

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Price Band

₹70

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

2,74,000 shares (aggregating up to ₹1.92 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

7,65,158 shares

Promoters

Post-IPO Holding

10,39,158 shares

Promoters

P/E (Pre)

3.88x

P/E (Post)

4.01x

EPS (Pre)

₹18.06

EPS (Post)

₹17.44

UPI Deadline

2025-01-09

Mandate

Anchor AllotmentMon, 06 Jan 2025

Basis of AllotmentFri, 10 Jan 2025

Refund InitiationMon, 13 Jan 2025

Demat CreditMon, 13 Jan 2025

Listing DayTue, 14 Jan 2025

UPI Mandate Deadline2025-01-09

Sale TypeFresh Capital

Net Offer to Public2,60,000 shares (aggregating up to ₹1.82 Cr)x

Market Maker Quota14,000 shares (aggregating up to ₹0.0980 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Avax Apparels & Ornaments Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Jan 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	14,000	—	₹0.10
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	274,000	100%	₹1.92

IPO Shares Offered

Avax Apparels & Ornaments Ltd IPO total issue size: ₹1.92 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	14,000	₹0.10	5.11%
Total	274,000	₹1.92	100.00%

* Based on upper price band ₹70 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹70.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹280,000
Retail (Max — 13 Lots)	13	26,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	136,000	₹9,520,000

* Issue Price ₹70 × Lot Size 2,000 shares

IPO Schedule

Anchor

06 Jan 2025

✓ Done

IPO Open

07 Jan 2025

✓ Done

IPO Close

09 Jan 2025

✓ Done

Allotment

10 Jan 2025

✓ Done

Refunds

13 Jan 2025

✓ Done

Demat Credit

13 Jan 2025

✓ Done

Listing Day

14 Jan 2025

✓ Done

₹70.00

INR · BSE

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Issue ₹70.00 Live Price

About Avax Apparels & Ornaments Ltd

Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:Wholesale tradingOnline retail of silver ornamentsThe company wholesales knitted fabric and sells silver ornaments online, including rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.The company has several key advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company's success in this segment.Competitive StrengthsLocational advantageGood network and connections with the players in the SectorExcellent Customer RelationsExperienced and professional TeamGood Track record of the managementAs of September 2024, the company has 7 full term employees.

Avax Apparels & Ornaments Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,470.2

31 Mar 2023

₹2,206.0

31 Mar 2024

₹1,500.9

30 Sep 2024

Profit After Tax (PAT)

₹69.4

31 Mar 2023

₹138.2

31 Mar 2024

₹90.6

30 Sep 2024

Particulars	30 Sep 2024	31 Mar 2024	31 Mar 2023
Revenue from Operations	1500.93	2205.98	1470.21
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	90.61	138.19	69.44
Net Worth	405.30	314.68	176.49
Total Assets	1089.09	484.60	346.89
Reserves & Surplus	N/A	N/A	N/A
Borrowings	72.02	71.50	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	6.26%	—	—

P/BV Ratio

1.70

RoE

43.91%

RoCE

61.68%

RoNW

43.91%

PAT Margin

6.26%

Issue Structure & Shareholding

Total Shares Offered2,74,000 (100.00%)

Net Offer to Public2,60,000 shares (aggregating up to ₹1.82 Cr)x

Reserved for Market Maker14,000 shares (aggregating up to ₹0.0980 Cr)

Pre-Issue Promoter Holding7,65,158 shares

Post-Issue Promoter Holding10,39,158 shares

P/BV Ratio1.70

RoE43.91%

RoCE61.68%

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

SKI Capital Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Avax Apparels & Ornaments Ltd IPO subscribed? ▲

Avax Apparels & Ornaments Ltd IPO is subscribed 1.00 times by Jan 09, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Avax Apparels & Ornaments Ltd IPO retail subscription status? ▼

The Avax Apparels & Ornaments Ltd IPO retail category is subscribed 1.00 times as of 09 Jan 2025. The retail portion is oversubscribed.

How to subscribe Avax Apparels & Ornaments Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 07 Jan 2025 and closes 09 Jan 2025. Min investment: ₹140,000 (1 lot = 2,000 shares). UPI mandate: 2025-01-09.

How many times Avax Apparels & Ornaments Ltd IPO subscribed? ▼

The Avax Apparels & Ornaments Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Avax Apparels & Ornaments Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Jan 2025. Refunds: on 13 Jan 2025.

When Avax Apparels & Ornaments Ltd IPO will be listed? ▼

The Avax Apparels & Ornaments Ltd IPO listing date is 14 Jan 2025, Tuesday. Listed on: BSE SME. Issue price: ₹70. Estimated listing: ₹70. GMP: NIL.

When Avax Apparels & Ornaments Ltd IPO close? ▼

The Avax Apparels & Ornaments Ltd IPO closes on 09 Jan 2025, Thursday. UPI mandate: 2025-01-09. Allotment: 10 Jan 2025. Listing: 14 Jan 2025.

Quick Actions

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Live Price LIVE

Last Price₹70.00

Change—

Issue Price₹70.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹70

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹70

Subscribed1.00x

Open Date07 Jan 2025

Close Date09 Jan 2025

Allotment10 Jan 2025

Listing Date14 Jan 2025

ExchangeBSE SME

UPI Deadline2025-01-09