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Avax Apparels And IPO
Price Band
₹
Issue Size
₹1.92 Cr
Lot Size
2,000 shares
Min Investment
₹140,000
GMP
+₹20.0 (28.57%)
Issue Price
₹70.0
Subject to Sauda
₹30400
Paid only if allotted
Avax Apparels And IPO AI Summary
- Avax Apparels And IPO is listed on BSE SME in the Other Textile Products sector.
- Subscription window: 07 Jan–09 Jan 2025, listing on 14 Jan 2025.
- Current GMP is +₹20.0 (28.57%) — unofficial and can change daily.
Avax Apparels And Ornaments Limited, with a focus on wholesale trading and online retail of silver ornaments, is set to launch its IPO with an issue price of ₹70.0. The company has shown growth in revenue and profit, although recent figures are from a 9-month period. Investors should consider the company's strengths and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Avax Apparels And IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 09 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Avax Apparels And IPO Grey Market Premium (GMP) Today
GMP
+₹20.0
GMP %
+28.57%
Est. Listing
₹90.0
Updated: 25 Jul 2026 14:15
About the Company
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.
Company Financials (₹ Cr)
As of 2024-09-30
| 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 |
Key Ratios
EPS
₹18.06
NAV
₹41.13
ROE
43.91%
ROCE
61.68%
RoNW
43.91%
P/B Value
1.70
P/E Ratio
3.88
Market Cap
₹7.27 Cr
PAT Margin
6.26%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Aarnav Fashions Ltd | 43.3 | 4.3% | 41.3 | 1.33 | 1.33 |
| Anand Rayons Ltd | 25.3 | 8.37% | 21.6 | 2.09 | 2.09 |
| Avax Apparels And Ornaments Limited This IPO | 52.97 | 44.72% | 3.88 | 18.06 | 18.06 |
Promoters
Harinderpal Singh Sodhi and Harish Kumar
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹14.70 Cr in the fiscal year ending 31 Mar 2023, rising to ₹22.06 Cr by 31 Mar 2024. However, the most recent figure of ₹15.01 Cr as of 30 Sep 2024 is a 9-month figure and not directly comparable to the full-year figures.
Profit Trend
Profit After Tax was ₹0.69 Cr in the fiscal year ending 31 Mar 2023, increasing to ₹1.38 Cr by 31 Mar 2024. The most recent figure of ₹0.91 Cr as of 30 Sep 2024, though positive, is also a 9-month figure and not directly comparable to the full-year figures.
Valuation
Avax Apparels And Ornaments Limited's implied P/E at the issue price is 3.88, compared to peers trading at P/E ratios ranging from 21.6 to 41.3.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the IPO might list at a higher price than the issue price, reflecting demand in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can be subject to market fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens on 7 January 2025 and closes on 9 January 2025. Allotment of shares will be done on 10 January 2025, and the shares are expected to be listed on 14 January 2025.
Listing Gains — The Risk
Listing gains are not guaranteed and can vary based on market conditions. Investors should be aware that the stock price may fluctuate significantly on the listing day, and past performance is not indicative of future results.
This evaluation is generated from Avax Apparels And's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Avax Apparels And IPO GMP today?
Avax Apparels And IPO GMP today is +₹20.0 (28.57%). GMP is an unofficial grey-market indicator and can change daily.
When does Avax Apparels And IPO open and close?
Avax Apparels And IPO opens on 07 January 2025 and closes on 09 January 2025.
When does Avax Apparels And IPO list on the stock exchange?
Avax Apparels And IPO listed on 14 January 2025 at ₹90.0.
What is the lot size for Avax Apparels And IPO?
The lot size for Avax Apparels And IPO is 2000 shares, requiring a minimum investment of ₹140,000.
What is the lot size for this IPO?
The lot size for Avax Apparels And Ornaments Limited's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹70.0 per share.
When does the IPO open and close?
The IPO opens on 7 January 2025 and closes on 9 January 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 Jan 2025
Close
09 Jan 2025
Allotment
10 Jan 2025
Listing
14 Jan 2025
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