Avax Apparels And Ornaments
Listed
Listed
IPO Timeline
Issue open date
7 Jan 2025Issue close date
9 Jan 2025UPI mandate deadline
9 Jan 2025Allotment finalization
10 Jan 2025Refund initiation
13 Jan 2025Share credit
13 Jan 2025Listing date
14 Jan 2025Mandate end date
24 Jan 2025Lock-in end date for anchor investors (50%)
9 Feb 2025Lock-in end date for anchor investors (remaining)
10 Apr 2025Key Dates
Open
7 Jan 2025Close
9 Jan 2025Listing
14 Jan 2025Quick Stats
Issue Size:2cr
Lot Size:2000 shares
About the Company
Avax Apparels And Ornaments Limited, incorporated in June 2005, is engaged in wholesale trading of knitted fabric and online retail of silver ornaments. The company supplies knitted fabric to readymade garment manufacturers and has recently invested in machinery to begin manufacturing its own knitted cloth. It also offers a range of silver jewellery, including rings, payals, kadas, bangles, and other items, with distribution across major cities in India.
Strengths
- Strong network with key sector players for strategic gains.
- Strategic location for efficient operations and cost savings.
- Excellent customer relations ensuring satisfaction and repeat business.
Risks
- Possible shift to focus only on the textile business, reducing reliance on silver ornaments.
- Seasonal demand fluctuations may impact revenue for silver ornaments and knitted fabric.
- Economic downturns could lower discretionary spending on silver ornaments.
- Vendor issues, counterfeits, or negative publicity may harm the brand.
- Lack of long-term contracts adds uncertainty to repeat business.
Avax Apparels And Ornaments IPO – Frequently Asked Questions
- The price band for the Avax Apparels And Ornaments IPO is set at ₹70 to ₹70 per share.
- The Avax Apparels And Ornaments IPO opens on January 7, 2025 and closes on January 9, 2025.
- The tentative listing date for the Avax Apparels And Ornaments IPO is January 14, 2025.
- You can apply for the Avax Apparels And Ornaments IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Avax Apparels And Ornaments, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Avax Apparels And Ornaments IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).