Avax Apparels and Ornaments Limited

Company Profile
Company Name Avax Apparels and Ornaments Limited
Open Date 20-09-2024
Close Date 24-09-2024
Exchange BSE SME
Lot Size 2,000 Shares
Issue Price ₹70 per share
Issue Size 2,74,000 shares
Application Amount ₹1,40,000
Recommendation Avoid
Avax Apparels and Ornaments Limited was originally incorporated as “Ethnic Designers Private Limited” on June 2, 2005. The registered office is located at West Delhi, India. The company is engaged in the business of wholesale trading of knitted cloth and online retail of silver ornaments. The company has 7 full-time employees as on Sep 13, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 28.87 1,470.20 2,205.98
EBITDA 1.35 99.22 210.07
Net Profit 1.02 69.44 138.18
RoCE 82.32% 54.66% 63.79%
ROE 61.45% 39.35% 43.91%
P/E 74.47 7.72 3.88

Tentative Timeline

Opening Date 20-09-2024
Closing Date 24-09-2024
Basis of Allotment 25-09-2024
Initiation of Refunds 26-09-2024
Credit of Shares to Demat 26-09-2024
Listing Date 27-09-2024

Objects of the Issue

To meet Working Capital Requirements
General Corporate Purposes

Contact Information

Registered Office Avax Apparels And Ornaments Limited 611 6th Floor R Jaina Tower II Distt. Centre Anakpuri, West Delhi,-110058
Phone +011-44750642
Email secretarial@avaxapparels.com
Website https://avaxapparels.com/

Offer Documents

Avax Apparels and Ornaments IPO DRHP
Avax Apparels and Ornaments IPO RHP

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

Retail Shares Offered 50.00% of the Net Issue
Other Shares Offered 50.00% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 57.01%
Shareholding Post Issue (Promoters) 41.97%

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