Avax Apparels And Ornaments Limited is coming up with an IPO with a fresh issue of 274,000 shares worth INR 1.92 crores. The company aims to meet working capital requirements and general corporate purposes.
Avax Apparels And Ornaments IPO – Important Dates
| Avax Apparels and Ornaments Limited IPO Date | January 7, 2025 to January 9, 2025 |
| Avax Apparels and Ornaments Limited IPO Listing Date | January 14, 2025 |
| Avax Apparels and Ornaments Limited IPO Price | INR 70 per share |
| Avax Apparels and Ornaments Limited IPO Lot Size | 2,000 shares |
| Avax Apparels and Ornaments Limited IPO Total Issue Size | INR 1.92 crores |
| Avax Apparels and Ornaments Limited IPO Basis of Allotment | January 10, 2025 |
| Avax Apparels and Ornaments Limited IPO Initiation of Refunds | January 13, 2025 |
| Avax Apparels and Ornaments Limited IPO Credit of Shares to Demat | January 13, 2025 |
| Avax Apparels and Ornaments Limited IPO Issue Type | Fixed Price Issue IPO |
| Avax Apparels and Ornaments Limited IPO Listing At | BSE SME |
Read more about Avax Apparels And Ornaments Limited IPO GMP
Avax Apparels And Ornaments Limited IPO – Company Profile
Avax Apparels And Ornaments Limited specialises in wholesale trading knitted cloth for jackets, leveraging location and strong relationships. Soon starting manufacturing, it aims to enhance profit margins, reduce working capital needs, and improve efficiency.
Offering a diverse range of silver ornaments, the company caters nationwide with affordable pricing, rising demand, and expertise in replicating gold jewellery designs and exclusive Punjabi ethnic styles for the Indian market.
The company ensures customer satisfaction by outsourcing production to trusted manufacturers, from in-house design creation to rigorous quality checks. Future in-house manufacturing aims to boost profitability, reduce working capital needs, and streamline operations.
Avax Apparels and Ornaments Ltd IPO Fundamental Analysis
Avax Apparels and Ornaments Limited’s financial analysis reveals a mixed performance. Revenue has shown remarkable growth, supported by increased assets, reduced debt-equity ratio, improved profitability, higher EPS, and strengthened liquidity, though RoNW indicates a decline in return on equity.
- 1. Revenue Trend: The revenue increased from ₹28.87 lakhs in March 2022 to ₹1,470.20 lakhs in March 2023. The revenue for the current year’s 6-month period ending September 2024 is INR 1,500.93 lakhs.
- 2. Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- 3. Profitability: The profit after tax (PAT) has significantly increased from ₹1.01 lakhs in March 2022 to ₹90.61 lakhs by September 2024. This improvement in profitability could be a source of confidence among investors.
- 4. Earnings per Share (EPS): The diluted EPS has risen from ₹0.94 in March 2022 to ₹11.84 by September 2024, reflecting higher earnings per share for investors.
- 5. Return on Net Worth (RoNW): The RoNW has reduced from 61.21% to 22.36%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- 6. Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Avax Apparels And Ornaments IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 September 2024 |
| Revenue (₹ in lakhs) | 28.87 | 1,470.20 | 1,500.93 |
| Equity (₹ in lakhs) | 1.66 | 176.49 | 405.30 |
| Expenses (₹ in lakhs) | 27.52 | 1,375.68 | 1,375.03 |
| Profit and Loss After Tax (₹ in lakhs) | 1.01 | 69.44 | 90.61 |
| Diluted EPS only (₹) | 0.94 | 9.07 | 11.84 |
| Return on Net Worth (%) | 61.21 | 39.34 | 22.36 |
| NAV per Equity Share (₹) | 15.28 | 23.07 | 52.97 |
| Total Assets (in lakhs) | 57.66 | 346.89 | 1,089.09 |
| Total Liabilities (in lakhs) | 56 | 170.4 | 683.79 |
| Debt Equity Ratio | 18.14 | – | 0.18 |
| Current Ratio (in times) | 0.81 | 1.86 | 1.46 |
Avax Apparels And Ornaments Limited IPO Peer Comparison
Avax Apparels and Ornaments Limited, Anand Rayons Limited, and Aarnav Fashions Limited operate in the apparel and ornaments sector, showcasing diverse financial metrics, profitability levels, and growth prospects, reflecting varying market positions and strategies.
| Company | PAT (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (₹) | RoNW (%) | NAV (₹ per share) |
| Avax Apparels and Ornaments Limited | 90.61 | 10 | 3.88 | 18.06 | 44.72 | 52.97 |
| Anand Rayons Limited | 159 | 10 | 21.60 | 2.09 | 8.37 | 25.3 |
| Aarnav Fashions Limited | 393 | 10 | 41.3 | 1.33 | 4.3 | 43.3 |
Avax Apparels and Ornaments Ltd IPO Objective
The main objective of Avax Apparels And Ornaments Limited is to meet working capital requirements.
- Working Capital Requirements: The company intends to utilise INR 1.5 crores from the issue proceeds and borrowings to meet working capital needs and enhance inventory management, marketing, and online retail while reducing credit periods with in-house manufacturing.
- General Corporate Purpose: The company will deploy 0.22 crores for general corporate purposes, including strategic initiatives, strengthening marketing networks, addressing exigencies, and brand-building exercises to enhance operational efficiency and business growth.
Avax Apparels And Ornaments IPO Risks And Challenges
Avax Apparels And Ornaments Limited’s risk includes potential legacy issues from previous ownership, reliance on purchase orders without long-term contracts, and limited experience of promoters in wholesale trading and online retail, which may affect business operations and financial health.
- The company, taken over by the current promoters, may face unanticipated legacy issues from previous ownership. Despite a thorough review, there’s no assurance such problems won’t impact business operations and financial health.
- Their business operates on a purchase-order basis without long-term contracts, and there’s no assurance of repeat business from suppliers or customers. Any change in terms could negatively impact operations and financial results.
- Their promoters have limited experience in wholesale trading of knitted cloth and online retailing of silver ornaments. This lack of industry expertise may adversely affect business operations, market responses, and financial performance.
Avax Apparels and Ornaments Ltd IPO – Industry & Market Potential
The Indian textile and apparel industry is expected to grow at 10% CAGR, reaching US$ 190 billion by 2025-26. India, the world’s largest cotton producer, is projected to produce 7.2 million tonnes by 2030.
The Indian online grocery market is projected to grow at 33% CAGR, reaching US$ 26.93 billion by 2027. India’s digital economy is expected to become a US$ 1 trillion market by 2030, with e-commerce valued at US$ 188 billion by 2025.
India’s e-commerce sector, expected to surpass the US by 2034, is poised for growth with innovations like digital payments and ONDC. The e-retail market is projected to reach US$ 100-120 billion by 2025, with social commerce growing significantly.
Avax Apparels And Ornaments Limited IPO – Type of Offer
Avax Apparels And Ornaments Limited is coming up with an IPO with a fresh issue of 274,000 shares worth INR 1.92 crores. The company aims to meet working capital requirements and general corporate purposes.
Avax Apparels And Ornaments IPO Offer Size
The offer size of Avax Apparels And Ornaments Limited is INR 1.92 crores, consisting of a fresh issue of 274,000 shares. The company aims to meet working capital requirements and general corporate purposes.
Avax Apparels And Ornaments Limited IPO Allotment Structure
Avax Apparels And Ornaments Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 14,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 14,000 shares for this purpose.
How to apply for Avax Apparels and Ornaments IPO?
To apply for the Avax Apparels and Ornaments Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Avax Apparels and Ornaments Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Avax Apparels and Ornaments Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Avax Apparels and Ornaments IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Avax Apparels and Ornaments Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Avax Apparels and Ornaments Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Avax Apparels and Ornaments Limited IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Avax Apparels and Ornaments Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Avax Apparels and Ornaments Ltd IPO Offer Registrar
The registrar for the Avax Apparels and Ornaments Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Office No. D-153 A, 1st Floor,
Okhla Industrial Area, New Delhi – 110020
Tel No: +91-011-26812682
Email ID: [email protected]
Website: skylinerta.com
Avax Apparels IPO – FAQs
1. What is the allotment date of the Avax Apparels And Ornaments IPO?
The allotment date of the Avax Apparels And Ornaments is January 10, 2025.
2. What is the price band of the Avax Apparels And Ornaments IPO?
The price band of the issue is INR 70 per share.
3. What is the size of the Avax Apparels And Ornaments IPO?
The offer size of Avax Apparels And Ornaments Limited is INR 1.92 crores, consisting of a fresh issue of 274,000 shares. The company aims to meet working capital requirements and general corporate purposes.
4. What is the listing date of the Avax Apparels And Ornaments IPO?
The listing date of Avax Apparels And Ornaments IPO is January 14, 2025.
5. Where is the Avax Apparels And Ornaments IPO Getting Listed?
Avax Apparels And Ornaments is getting listed on the Bombay Stock Exchange (BSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the Avax Apparels And Ornaments IPO?
The open and close dates of the Avax Apparels And Ornaments are January 7, 2025 and January 9, 2025.
7. How to apply for Avax Apparels and Ornaments Ltd IPO in Alice Blue?
To apply for the Avax Apparels and Ornaments Limited IPO via Alice Blue, open a Demat and Trading account, check IPO details, place your bid, and submit the application. After the allotment, check the status, noting that the share allotment depends on demand.
8. Who is the Book Runner for the Avax Apparels and Ornaments IPO?
The Book Runner for the Avax Apparels and Ornaments is SKI CAPITAL SERVICES LIMITED.
