Avax Apparels And Ornaments IPO: Core Details about IPO

1. Avax Apparels And Ornaments IPO is a fixed-price issue worth up to Rs 1.92 crores.
2. Bidding opens on January 7 and closes on January 9, 2025.
3. Avax Apparels And Ornaments SME IPO price is Rs 70 per share.
4. The minimum amount required for retail investors is Rs 1,40,000.      

Avax Apparels And Ornaments IPO: Synopsis

Avax Apparels And Ornaments is open for subscription from Tuesday, January 7 2025 and closes on Tuesday, January 9 2025. The price for this IPO is set at Rs 70 per share.

Avax Apparels And Ornaments IPO is offering entirely a fresh issue of 2.74 lakh equity shares worth up to Rs 1.92 crore.

The allotment for this new IPO is expected to be finalised on Friday, January 10, 2025. The listing of this IPO will be done on Tuesday, January 14, 2024, at BSE SME segment.

The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 140,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 280,000.

The IPO is managed by SKI Capital Services Limited, which is the book-running lead manager of this public issue. The company has appointed Skyline Financial Services Private Limited as the registrar for the issue.

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Avax Apparels And Ornaments Limited: About the Company

Avax Apparels And Ornaments Limited, incorporated in June 2005, operates in two business segments: wholesale trading of knitted fabrics and online retail of silver ornaments. The company offers a wide range of silver jewellery, including rings, Payal, kadas, bangles, and chains, serving customers in major cities across India.

The company's competitive strengths include its strategic location within a key cloth manufacturing hub, strong industry connections, excellent customer relationships, and an experienced management team. As of September 2024, Avax Apparels And Ornaments employed seven full-time staff.

Avax Apparels And Ornaments IPO: Objectives

The company intends to utilise the funding received from the fresh issue to meet the company's working capital needs and for general corporate purposes.

Avax Apparels And Ornaments IPO: Other Important Details

Time Table of Avax Apparels And Ornaments IPO

Avax Apparels And Ornaments IPO: Financial Metrics (Amt in Rs Lakhs)

Minimum Investment: Lot Size Details

Promoters of Avax Apparels And Ornaments Limited and Their Holdings

The company's promoters are Mr. Harinderpal Singh Sodhi and Mr. Harish Kumar. They collectively hold 57.00% of the company's shares. However, post-IPO, their shareholding will be 41.97%.

FAQs

1. What are the core details available for the Avax Apparels And Ornaments IPO?

Avax Apparels And Ornaments IPO is a Fixed-price public issue of 2.74 lakh equity shares. This upcoming IPO is offering entirely a fresh issue of 2.74 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, January 10 2025.

2. How can I apply for the Avax Apparels And Ornaments IPO?

The public subscription of this new IPO opens on January 7 and closes on January 9, 2024. Click here to initiate the application process.

3. Who is the lead manager(s) for the Avax Apparels And Ornaments IPO?

SKI Capital Services Limited is appointed as the book-running lead manager for the IPO.

4. Who is appointed as the registrar for Avax Apparels And Ornaments IPO?

Skyline Financial Services Private Limited has been appointed as the registrar for this public issue.

5. How will the net proceeds from the IPO be utilised?

The company intends to utilise the funding received from the fresh issue to meet the company's working capital needs and for general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied for Avax Apparels And Ornaments IPO can check the allotment status by visiting here, for further updates, follow Bigul.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?