Avax Apparels And Ornaments Limited (BSE SME)
January 7, 2025 – January 9, 2025
| Price | ₹70 - ₹70 |
| Premium | ₹20 |
|---|---|
| Lot size | 2000 |
| Allotment | Jan 10, 2025 |
| Listing | Jan 14, 2025 |
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| P/E Ratio |
Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| BSE | ₹133.00 | +₹63.00 | +90.00% |
Subscription
Last updated on 09-Jan-2025 18:16:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 130000 | 19318000 | 148.6 |
| Retail | 130000 | 48406000 | 372.35 |
| Total | 260000 | 66680000 | 256.46 |
| Total Applications: 28905 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹14 | @8% ₹16 | @9% ₹18 | @10% ₹19.9 | @11% ₹21.9 | @12% ₹23.9 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 2000 | 140000 | 65 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 130000 |
| Other | 47.4% | 130000 |
| Market Maker | 5.11% | 14000 |
| Total No. of Shares | 100.0% | 274000 |
Avax Apparels And Ornaments IPO Details
| Issue Size | 274,000 shares (aggregating up to ₹1.92 Cr) |
| Fresh Issue | 274,000 shares (aggregating up to ₹1.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 765,158 |
| Share holding post issue | 1,039,158 |
| Market Maker portion | 14,000 shares |
| Market Maker | SKI Capital Services Limited |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 21.51% | 43.91% | 39.34% |
| ROCE | 31.06% | 61.68% | 53.56% |
| RONW | 22.36% | 43.91% | 39.34% |
| EPS (basic) | 23.69 | 18.06 | 9.07 |
| P/E Pre IPO | 3.88 | ||
| P/E Post IPO | 4.01 |
Company Financials In Lakhs
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 1,089 | 485 | 347 | 58 |
| Revenue | 1,501 | 2,206 | 1,470 | 29 |
| Profit After Tax | 91 | 138 | 69 | 1 |
| Net Worth | 405 | 315 | 176 | 2 |
| Total Borrowing | 72 | 72 | 30 |
About Company
Incorporated in June 2005, Avax Apparels And Ornaments Limited operates in two distinct business segments: wholesale trading of knitted fabric and online retail of silver ornaments. The company offers a wide range of silver jewelry and items, including rings, payals, kadas, bangles, and more, supplying customers across major cities in India. Avax Apparels benefits from its strategic location in a key cloth manufacturing hub, giving it a significant advantage in wholesale trading. Additionally, the company leverages strong industry relationships, growing product demand, and a well-established management team to drive success. Competitive strengths include locational benefits, a strong network within the industry, excellent customer relations, and an experienced team. As of September 2024, the company employs 7 full-time staff members.
Strength
Locational Advantage: Positioned in a key cloth manufacturing hub, providing easy access to resources and markets.
Strong Industry Network: Established connections with sector players, enhancing business opportunities and partnerships.
Excellent Customer Relations: Strong focus on maintaining customer satisfaction, driving repeat business and loyalty.
Weakness
Limited Experience in Silver Ornaments: The Company’s expertise in silver ornament sales is still developing, which could affect its competitiveness in this segment.
Pricing Pressure from Competition: Increased competition may limit the company’s ability to control prices, impacting profitability.
Limited Financial Resources: Restricted financial capacity may constrain growth opportunities and limit the company’s ability to invest in expansion or innovation.
Latest Announcements
| Date | Subject | Attachment Text |
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Financial Results
Lead Manager(s)
Address
611 6th Floor
r Jaina Tower II Distt. Centre
anakpuri, West Delhi,-110058
Phone: +011-44750642
Email: secretarial@avaxapparels.com
Website: https://avaxapparels.com/