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Open
7 Jan 2025
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Close
9 Jan 2025
3
Allotment
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Listing
Tue, Jan 14, 2025
Price Band
₹70 per share
Issue Size
2,74,000 shares (agg. up to ₹2 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Jan 14, 2025
Latest GMP
₹20
Est. Gain
28.57%
✦ AI Insight
GMP Trend
14-01-2025₹20Est. ₹90+28.57%
13-01-2025₹20Est. ₹90+28.57%
12-01-2025₹10Est. ₹80+14.29%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 266.41x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 10.89 | 4.85 | 3.47 | 0.58 |
| Total Income | 15.01 | 22.06 | 14.70 | 0.29 |
| Profit After Tax | 0.91 | 1.38 | 0.69 | 0.01 |
| NET Worth | 4.05 | 3.15 | 1.76 | 0.02 |
| Total Borrowing | 0.72 | 0.72 | 0.30 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Neelam Linens & Garments (India) Ltd. | SME | ₹13.00 Cr | ₹24 | 14.44 | ₹38.05 | +58.54% | ₹9.70 (+0.00%) |
| Paramount Dye Tec Ltd. | SME | ₹28.43 Cr | ₹117 | 14.91 | ₹107.05 | -8.50% | ₹38.00 (+4.97%) |
| Divyadhan Recycling Industries Ltd. | SME | ₹24.17 Cr | ₹64 | 28.34 | ₹88.20 | +37.81% | ₹53.75 (+0.00%) |
| Avi Ansh Textile Ltd. | SME | ₹25.99 Cr | ₹62 | 18.31 | ₹71.15 | +14.76% | ₹100.85 (-1.13%) |
| Gajanand International Ltd. | SME | ₹20.65 Cr | ₹36 | 21.08 | ₹39.90 | +10.83% | ₹8.65 (+6.79%) |
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+0.00%) |
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹32.00 (+0.31%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹410.00 (+1.85%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Sanathan Textiles Ltd. | Mainboard | ₹550.00 Cr | ₹321 | 17.25 | ₹388.35 | +20.98% | ₹442.25 (-1.43%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Working Capital requirements of the Company | 1.50 |
| 2 | To meet out the General Corporate Purposes | 0.22 |
| 3 | Issue Expenses | 0.20 |
| Total | 1.92 |
About Avax Apparels IPO
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 jewellery. 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 Strengths Locational advantage Good network and connections with the players in the Sector Excellent Customer Relations Experienced and professional Team Good Track record of the management As of September 2024, the company has 7 full term employees.+ Read More
Contact Details
Avax Apparels & Ornaments Ltd. Address611 6th FloorJaina Tower II Distt.CentreJanakpuri, WestDelhi, New Delhi, 110058+011-44750642secretarial@avaxapparels.comVisit Website