Avax Apparels And Ornaments IPO

Avax Apparel And Ornaments Limited IPO offers 2,74,000 shares worth ₹1.92 cr to meet working capital needs and support general corporate purposes.

Important Details

Open Date : September 20, 2024 Close Date : September 24, 2024 Allotment Date: September 24, 2024 Listing Date: September 27, 2024

Important Details

IPO Price: INR 70 per share Lot Size: 2000 Shares Total Issue Size: INR 1.92 crores

Fundamental Analysis

Avax Apparels And Ornaments IPO shows mixed performance: Growth: Strong revenue, equity, and profitability. Long-Term Potential: Indicates success. Expenses: Increased, but profitability remains robust. Investment: Attractive for growth-oriented investors.

Peer Comparison

Avax Apparels: Strong profitability, low P/E, high RoNW, attractive price. Anand Rayons: Moderate returns, higher valuation. Aarnav Fashions: High profits, low efficiency, expensive stock.

Objective

Objective: Allocate ₹1.5 crores for working capital. Remaining Funds: Used for general corporate purposes, including brand building, growth, and unforeseen business needs.

Risks And Challenges

Avax Apparels And Ornaments IPO Risks: Cash Flow: Negative cash flows from past operations may affect financial stability. Dependence: Reliance on a few key customers and suppliers could lead to significant disruptions.