AVAX APPARELS AND ORNAMENTS LIMITED

07 Jan 2025 - 09 Jan 2025 Individual Category SME BSE

Min Investment

₹280000

Price Band

₹70

Issue Size

2.74 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
img

07 Jan 2025

Open Date

img

09 Jan 2025

Close Date

img

10 Jan 2025

Allotment Date

img

14 Jan 2025

Listing Date

Know Before Investing

Strengths icon

  • Locational advantage.
  • Good network and connections with the players in the Sector.
  • Excellent Customer Relations.

Weaknesses icon

  • Limited financial resources.
  • Limited pricing power due to emerging competition.
  • Limited experience specifically in silver ornament sales.

About Avax Apparels And Ornaments Limited

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.

Founded

2005

Managing Director

Mr. Harinderpal Singh Sodhi

Parent Organization

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.

Company Promoters

Mr Harinderpal Singh Sodhi

Mr Harish Kumar

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account