Desco Infratech Limited SME IPO: A New Investment Opportunity in Infrastructure...
18 Apr, 2025
Avax Apparels And Ornaments Limited IPO, GMP, Details, Price, And Review
The Company engages in two distinct lines of business:
- 1.Wholesale trading
- 2.Online retail of silver ornaments
Wholesale trading:
The Company operates in the wholesale trading of knitted cloth. They directly buy from manufacturers and supply wholesale to companies and readymade garment manufacturers in Punjab. The company specializes in knitted cloth, which is used for manufacturing ladies' and gents' jackets.
Online retail silver ornaments business:
The Company operates in the business of online retail of silver ornaments. They offer a wide range of designs and articles with a choice of the weight of products, such as silver rings, silver ladies' pajeb, silver gents kada, silver plate sets, silver glass, silver bangles, silver bowls, silver chains, and other silver jewelry. They are capable of supplying food in all major cities across the country.
- Avax Apparels And Ornaments IPO Overview:
- Total Issue Size â¹1.92 crores
- Issue Type: Fresh issue
- Number of Shares: 2.74 lakh shares
- Price per Share: â¹70
- Minimum Lot Size: 2000 shares
- IPO Opening Date: September 20, 2024
- IPO Closing Date: September 24, 2024
- Key Participants:
- Book Running Lead Manager: SKI Capital Services Limited
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: SKI Capital Services
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Avax Apparels And Ornaments Limited IPO, GMP, Details, Price, And Review
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 70 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Avax Apparels And Ornaments Limited IPO, GMP, Details, Price, And Review Details
| Detail | Description |
|---|---|
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 274,000 shares (aggregating up to ₹1.92 Cr) |
| Fresh Issue | 274,000 shares (aggregating up to ₹1.92 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 765,158 |
| Shareholding post issue | 1,039,158 |
| Market Maker portion | 14,000 shares SKI Capital Services |
Avax Apparels And Ornaments Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, September 20, 2024 |
| IPO Close Date | Tuesday, September 24, 2024 |
| Basis of Allotment | Wednesday, September 25, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| Credit of Shares to Demat | Thursday, September 26, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
Avax Apparels And Ornaments Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4000 | ₹280,000 |
Avax Apparels And Ornaments Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Avax Apparels And Ornaments Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 57.00% | 41.97% |
Company & Financials
Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- Online retail of silver ornaments
The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains and other jewelry. It supplies all major cities across the country.
The company has several key advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company's success in this segment.
Competitive Strength:
- 1. Good network and connections with the players in the Sector.
- 2. Excellent Customer Relations.
- 3. Experienced and professional Team.
- 4. Good Track record of the management
Avax Apparels And Ornaments Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 484.6 | 2,205.98 | 138.19 | 314.68 | 41.13 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 346.89 | 1,470.21 | 69.44 | 176.49 | 23.07 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 57.66 | 28.87 | 1.01 | 1.65 | 15.28 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.91% |
| ROCE | 37.50% |
| RoNW | 43.91% |
| P/BV | 1.7 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.06 | 13.3 |
| P/E (x) | 3.88 | 5.26 |
Objectives of Avax Apparels And Ornaments IPO
- The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. To meet the Working Capital requirements of the Company.
- 2. To meet the General Corporate Purposes.
Avax Apparels And Ornaments IPO Review
The company is engaged in wholesale trading of cloth and online retailing of silver ornaments. It marked growth in its top and bottom lines for the reported periods and based on FY24 earnings, the issue appears lucratively priced. However, considering tiny post-IPO equity and the highly competitive and fragmented segment raises concern over the sustainability of such margins going forward. Small equity base post listing also indicates a longer gestation period. There is no harm in skipping this lucrative but “High Risk/Low Return” bet.
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
What is Avax Apparels And Ornaments IPO?
Avax Apparels And Ornaments IPO is a main-board IPO. The company is going to raise ₹1.92 Crores via IPO. The issue is priced at ₹70 per equity share. The IPO is to be listed on BSE.
-
When will the Avax Apparels And Ornaments IPO open for subscription?
The IPO is to open on September 20, 2024 for QIB, NII and Retail Investors. The IPO will close on September 24, 2024.
-
What is Avax Apparels And Ornaments IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
-
What is Avax Apparels And Ornaments IPO Issue Size?
Avax Apparels And Ornaments IPO issue size is ₹1.92 crores.
