Avax Apparels And Ornaments Limited
IPO Details
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Lot Distribution
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Company Fin.
₹10(14.29%)
Premium (ELP)
Avax Apparels And Ornaments Limited's successfully transitioned to public market status with its listing on BSE on Jan 14, 2025. The IPO mobilized 2,74,000 Shares in cumulative capital, including 2,74,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹70 to ₹70, with minimum investment lots of 2000 shares. subscription activity between Jan 07, 2025 and Jan 09, 2025 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Jan 10, 2025, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in June 2005, Avax Apparels and Ornaments Limited runs two main businesses: wholesale trading of knitted fabric and online retail of silver jewelry. They offer a variety of silver items like rings, anklets, bangles, and more, serving customers in major cities across India. Based in a key cloth manufacturing hub, the company has a strategic edge in its wholesale operations. With strong industry connections, growing demand, and an experienced management team, Avax Apparels continues to thrive. Their strengths include a prime location, a solid industry network, great customer relationships, and a skilled team. As of September 2024, the company has 7 full-time employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Prime Location: Located in a major cloth manufacturing hub, making it easy to access resources and reach markets quickly.
- Strong Industry Connections: Well-established relationships with key players in the sector, creating more opportunities for growth and collaboration.
- Outstanding Customer Care: Dedicated to keeping customers happy, ensuring loyalty and repeat business.
- Growing Expertise in Silver Ornaments: The company is still building its experience in selling silver ornaments, which might make it less competitive in this area for now.
- Challenges with Competitive Pricing: Tough competition could make it harder for the company to set its prices freely, potentially affecting profits.
- Limited Financial Resources: With limited funds, the company might face challenges in growing, expanding, or pursuing new innovations.
- Mr. Harinderpal Singh Sodhi
- Mr. Harish Kumar
Avax Apparels And Ornaments Limited
Skyline Financial Services Private Limited