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Avax Apparels Ipo


Objects of the Issue

  • To meet out the Working Capital requirements of the Company;

  • To meet out the General Corporate Purposes; and

Avax Apparels IPO Review

  • IPO Watch – Avoid

  • Canara Bank –

  • DRChoksey FinServ –

  • Emkay Global –

  • Hem Securities –

  • IDBI Capital –

  • Marwadi Shares –

  • Nirmal Bang –

  • SBICAP Securities –

  • Sharekhan –

  • SMC Global –

  • Sushil Finance –

  • Swastika Investmart –

  • Ventura Securities –

  • Geojit –

  • Reliance Securities –

  • Capital Market –

  • BP Wealth –

  • ICICIdirect –

  • Choice Broking –

IPO Lead Managers aka Merchant Bankers

  • Ski Capital Services Limited

ApplicationLot SizeSharesAmount
Retail Minimum12,000₹1,40,000
Retail Maximum12,000₹1,40,000
S-HNI Minimum24,000₹2,80,000

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

Period EndedRevenueExpenseProfit After TaxAssets
2022₹0.29₹0.28₹0.01₹0.58
2023₹14.70₹13.76₹0.69₹3.47
2024₹22.06₹20.12₹1.38₹4.85
September 2024₹15.01₹13.75₹0.91₹10.89

KPIValues
ROE:43.91%
ROCE:61.68%
EBITDA Margin:9.52%
PAT Margin:6.26%
Debt to equity ratio:0.23
Earning Per Share (EPS):₹18.06 (Basic)
Price/Earning P/E Ratio:2.96
Return on Net Worth (RoNW):43.91%
Net Asset Value (NAV):₹41.13

CompanyEPSPE RatioRoNW %NAVIncome
Anand Rayons Limited2.0921.608.37 %25.31.59 Cr.
Aarnav Fashions Limited1.3341.34.3%43.33.93 Cr.

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
Issue Type:Fixed Price Issue
IPO Listing:BSE SME
Retail Quota:Not more than 50%
QIB Quota:Not more than 00%
NII Quota:Not more than 50%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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