Avax Apparels And Ornaments Limited (NSE SME)
Sep 20, 2023 - Sep 24, 2023
| Price | ₹70 - ₹70 |
| Premium | ₹0 |
|---|---|
| Lot size | 2000 |
| Allotment | Sep 25, 2023 |
| Listing | Sep 27, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 140000 | 65 |
| HNI | 2 | 4000 | 280000 | 65 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 130000 |
| Other | 47.4% | 130000 |
| Market Maker | 5.11% | 14000 |
| Total No. of Shares | 100.0% | 274000 |
Avax Apparels And Ornaments IPO Details
| 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 |
| Share holding pre issue | 765,158 |
| Share holding post issue | 1,039,158 |
| Market Maker portion | 14,000 shares SKI Capital Services |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 43.91% | 39.34% | 61.21% |
| ROCE | 37.50% | 40.45% | 3.20% |
| RONW | 43.91% | 39.34% | 61.33% |
| EPS (basic) | 18.06 | 9.07 | 9.4 |
| P/E Pre IPO | 3.88 | ||
| P/E Post IPO | 5.26 |
Company Financials
Avax Apparels And Ornaments Limited Financial Information (Restated)
Avax Apparels And Ornaments Limited's revenue increased by 50% and profit after tax (PAT) rose by 99% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 484.6 | 346.89 | 57.66 | |||||||||||||||||||||||||||
| Revenue | 2,205.98 | 1,470.21 | 28.87 | |||||||||||||||||||||||||||
| Profit | 138.19 | 69.44 | 1.01 | |||||||||||||||||||||||||||
| Net Worth | 314.68 | 176.49 | 1.65 | |||||||||||||||||||||||||||
| Borrowing | 41.13 | 23.07 | 15.28 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
Incorporated in June 2005, Avax Apparels And Ornaments Limited operates in two distinct business segments: wholesale trading of knitted fabric and online retail of silver ornaments. The company offers a wide range of silver jewelry and items, including rings, payals, kadas, bangles, and more, supplying customers across major cities in India. Avax Apparels benefits from its strategic location in a key cloth manufacturing hub, giving it a significant advantage in wholesale trading. Additionally, the company leverages strong industry relationships, growing product demand, and a well-established management team to drive success. Competitive strengths include locational benefits, a strong network within the industry, excellent customer relations, and an experienced team. As of September 2024, the company employs 7 full-time staff members.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php