Avax Apparels And Ornaments Limited was founded in June 2005. It is an apparel trading company and an online company dealing extensively in finished and unfinished apparel products in India and jewellery under the brand name Blushine.
The company is engaged in wholesale and online retail of silver jewellery. The company is active in the wholesale of knitwear. It buys directly from the manufacturers and supplies wholesale to companies and manufacturers of readymade garments in Punjab. They offer a wide range of designs and items with a choice of weight of products, such as silver rings, silver ladies page, silver men’s kada, silver plate sets, silver glass, silver bangles, silver bowls, silver chains and other silver jewellery.
Avax Apparels IPO open date is January 7, 2025 and the IPO will close on January 9, 2025. Avax Apparels IPO price band is ₹70 per share. The retail quota is 50%, QIB is 0%, and HNI is 50%.
Avax Apparels IPO to list on BSE on January 14, 2025. The allotment of Avax Apparels IPO date is January 10, 2025. The company reported revenue of ₹22.06 crores in 2024 against ₹14.70 crore in 2023. The company reported profit of ₹1.38 crores in 2024 against Profit of ₹0.69 crores in 2023.
Avax Apparels IPO Details
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹70 Per Share |
| Issue Size: | Approx ₹1.92 Crores |
| Fresh Issue: | Approx ₹1.92 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
Avax Apparels IPO Timeline
The Avax Apparels IPO date is January 7 and the close date is January 9. The Avax Apparels IPO allotment will be finalized on January 10 and the IPO listing on January 14.
| IPO Open Date: | January 7, 2025 |
| IPO Close Date: | January 9, 2025 |
| Basis of Allotment: | January 10, 2025 |
| Refunds: | January 13, 2025 |
| Credit to Demat Account: | January 13, 2025 |
| IPO Listing Date: | January 14, 2025 |
Avax Apparels And Ornaments SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹70.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹280000 |
Avax Apparels and Ornaments Ltd: Comprehensive Financial Overview
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,089.09 | 484.6 | 346.89 | 57.66 |
| Revenue | 1,500.93 | 2,205.98 | 1,470.21 | 28.87 |
| Profit After Tax | 90.61 | 138.19 | 69.44 | 1.01 |
| Net Worth | 405.3 | 314.68 | 176.49 | 1.65 |
| Total Borrowing | 72.02 | 71.5 | 30 |
