Avax Apparels and Ornaments Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Avax Apparels and Ornaments Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹70
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,40,000
Issue Size
₹1.92 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Avax Apparels and Ornaments Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
57%
Promoter Holding (Post-Issue)
41.97%
Issue Type
Fixed Price - SME
ISIN
INE0NQ401024
About the Company
The Company operates within two distinct business segments, namely, the wholesale trading of knitted cloth, and the online retail of silver ornaments.
Industry Overview
Wholesale trading in India is a significant industry that employs a large number of workers, mostly in the informal sector. It provides livelihoods for many families across the country and is an important contributor to India's economy. The sector is primarily concentrated in large cities and towns, with significant activity in places like Mumbai, Kolkata, and Delhi. The wholesale trading industry in India traditionally includes textiles, garments, and handicrafts, but it has grown to encompass a wide range of goods in recent years. The industry has faced challenges due to increasing competition from other countries and changes in global trade policies, as well as the impact of e-commerce. However, it continues to be a major source of employment and an important part of India's economy. Online retail of silver ornaments in India has also become increasingly popular in recent years. The growth of ecommerce in India has made it possible for consumers to shop for silver ornaments from the comfort of their own homes. This has been especially beneficial for consumers living in remote areas or smaller towns where access to silver ornament retail outlets may be limited. The online retail of silver ornaments has also provided a new sales channel for small businesses and independent artisans, allowing them to reach a wider audience and grow their businesses. In this way, online retail has expanded the market and provided opportunities for more players in the industry.
Company History
Avax Apparels and Ornaments Limited was originally incorporated on June 2, 2005 as a private limited company under the name and style of "Ethnic Designers Private Limited" under the provisions of Companies Act, 1956 with the Registrar of Companies, NCT of Delhi & Haryana. Further, the Object of the Company was changed vide a fresh Certificate of Incorporation dated October 4, 2021 issued by Registrar of Companies, NCT of Delhi & Haryana. Subsequently, the name of the Company was changed to Avax Soft Technologies Private Limited vide a fresh Certificate of Incorporation dated October 11, 2021 issued by Registrar of Companies, NCT of Delhi & Haryana. Further, the Company was converted into a public limited company and the name of the Company was changed to Avax Soft Technologies Limited vide a fresh Certificate of Incorporation dated November 18, 2022. Object of the Company was changed vide a fresh Certificate of Incorporation dated May 15, 2023 and the name of the Company was changed to Avax Apparels and Ornaments Limited vide a fresh Certificate of Incorporation dated June 15, 2023 issued by Registrar of Companies, NCT of Delhi & Haryana vide CIN U14101DL2005PLC137127.
Products & Services
- Wholesale trading
- Online retail of silver ornaments
Growth Strategy
- Expand its current business relationships.
- Improving operational efficiencies.
- Optimal utilization of resources.
- Enhancing existing production and product quality.
- To build-up a professional organization.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 2,74,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Avax Soft Technologies Limited ("The Company" or "ASTL" or "The Issuer") at an issue price of Rs. 70 per equity share for cash, aggregating up to Rs. 1.92 crores ("Public Issue") out of which 14,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 0.10 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 2,60,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 1.82 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.36% and 25.02% respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company's Core Business.
- Qualified & Experienced Team.
- Customers Base.
- Geographic Exposure.
- Competitive Advantage.
- The company Promoters are not the original promoters of the Company.
- The company does not have long term contracts with most of its suppliers and customers.
- Its Promoters have limited experience in the current line of business.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company depends on a limited number of customers for a significant portion of its revenue. The loss of any of the company major customer due to any adverse development or significant reduction in business from its major customer may adversely affect the company's business, financial condition, results of operations and future prospects.