Avax Apparels And Ornaments IPO
smelistedAbout the company
Avax Apparels and Ornaments is involved in wholesale trading of knitted cloth for garment manufacturers and online retail of silver ornaments. Based in Punjab, the company sources high-quality fabrics for jackets and has recently invested in machinery for in-house production to reduce outsourcing and improve cash flow. Additionally, Avax offers a wide range of silver jewelry online, focusing on affordable pieces with intricate designs. The company capitalizes on the growing e-commerce trend, particularly in the rising online silver jewelry market in India.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed07 Jan 2025Bidding starts for all investor categories
IPO Closes
Completed09 Jan 2025Last day to place your bid
Basis of Allotment
Completed10 Jan 2025Share allotment finalised
Refund Initiation
Completed13 Jan 2025Refunds credited for non-allottees
Credit to Demat
Completed13 Jan 2025Allotted shares credited to demat account
Listing on Exchange
Completed14 Jan 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹140,000 | 1 | ₹140,000 | 1 lot only |
| HNI | 2 | 4000 | ₹280,000 | 2 | ₹280,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 71,429 | 0.5 | 0 | 0.00x | 100% |
| NII | 15% | 21,429 | 0.15 | 0 | 0.00x | 100% |
| Retail | 35% | 50,000 | 0.35 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
