Issue Price
₹70
Per Share
GMP
NIL
Grey Market
Est. Listing
₹70
Expected Price
Min. Application
₹280,000
2 lots × 2000 shares
Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:Wholesale tradingOnline retail of silver ornamentsThe 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 StrengthsLocational advantageGood network and connections with the players in the SectorExcellent Customer RelationsExperienced and professional TeamGood Track record of the managementAs of September 2024, the company has 7 full term employees.
Avax Apparels & Ornaments Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 14,000 | — | ₹0.10 Cr | — |
| TOTAL | 274,000 | 100.00% | ₹1.92 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| sNII (Min) | 14 | 28,000 | ₹1,960,000 |
| bNII (Min) | 68 | 136,000 | ₹9,520,000 |
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 1500.93 | 2205.98 | 1470.21 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 90.61 | 138.19 | 69.44 |
| Net Worth | 405.30 | 314.68 | 176.49 |
| Total Assets | 1089.09 | 484.60 | 346.89 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | 72.02 | 71.50 | N/A |