Avax Apparels And Ornaments IPO: Fresh issue of 2.74 lakh shares worth ₹1.92 Cr. Funds to meet working capital needs and for general corporate purposes.
Open Date : January 7, 2025 Close Date : January 9, 2025 Allotment Date: January 10, 2025 Listing Date: January 14, 2025
IPO Price: INR 70 per share Lot Size: 2000 Shares Total Issue Size: INR 1.92 crores
1. Revenue: Strong growth,Assets: Increased. 2. Debt-Equity: Reduced ratio,Profitability: Improved. 3. EPS: Higher,Liquidity: Strengthened,RoNW: Decline.
1. Avax Apparels: Strong growth, improved profitability. 2. Anand Rayons: Stable growth, moderate profitability. 3. Aarnav Fashions: Varying performance based on strategies.
Avax Apparels And Ornaments Limited main objective is to meet working capital requirements.
Avax Apparels And Ornaments IPO Risks: 1. Legacy Issues: Challenges from past ownership. 2. Purchase Orders: No long-term contracts. 3. Promoter Experience: Limited in wholesale and online retail. 4. Impact: Potential operational and financial risks.