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15 Days Price Change

Avax Apparels &Orna. IPO

Closing In

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WEBSITE Inc. Year: 2005 Industry: Trading Listed Page

Profile
Issue Size --
Profile
Price Range 70  to  70 per share
Profile
Min Investment ₹70
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Incorporated in June 2005, Avax Apparels and Ornaments Limited operates in two distinct business segments: wholesale trading and online retail of silver ornaments. The company wholesales knitted fabric and offers a variety of silver jewelry online, including rings, ladies' payal, gents' kada, plate sets, glass, bangles, bowls, chains, and other ornaments. It supplies these products to major cities across India. Avax Apparels benefits from a strategic location in the heart of the cloth manufacturing hub, giving it a competitive edge in the wholesale trading segment. Additionally, the company enjoys growing demand for its products and has established strong business relationships, contributing to its success. The company’s competitive strengths include its favorable location, a robust network of industry connections, excellent customer relations, a highly experienced and professional team, and a proven track record of management. Read More

Basic Info

Face Value 10 per share

Price 70  to  70 per share

P/E (x) 3.5

Sales( Cr.) 34

PAT( Cr.) 2

EPS 19.8

Draft Prospectus --

Exchange BSE-SME

Promoter

Company Promoters

Mr. Harinderpal Singh Sodhi Mr. Harish Kumar

Pre Issue Share Holding 57%

Post Issue Share Holding 41.97%

Listing Details:

Listing Price: 16.625

Listing Gain: -321.05%

Current Price: 49.9

Gain On Issue: 49.9 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jan 07, 2025
Closing Date Jan 09, 2025
Allotment Jan 10, 2025
Refund Jan 13, 2025
Delivery of Shares Jan 13, 2025
Listing Date Jan 14, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 140,000
Retail (Max) 1 2000 140,000
S-HNI (Min) 2 4000 280,000
S-HNI (Max) 7 14000 980,000
B-HNI (Min) 8 16000 1,120,000

Objective of the Issue

1. To meet the Working Capital requirements of the Company. 2. To meet the General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 137000 19243020 140.5x
Retail 137000 51011950 372.4x
EMP 0 0 0x
Total 274000 71355080 260.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Avax Apparels &Orna. Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 0 15 22 34
Other Income 0 0 0 0 0
Total Income 0 0 15 22 34
Total Expenditure 0 0 14 20 32
Operating Profit 0 0 1 2 3
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 0 0 1 2 2
Provision for Tax 0 0 0 1 1
Profit After Tax 0 0 1 1 2
Adjustments 0 0 0 0 0
Profit After Adjustments 0 0 1 1 2
Adjusted Earnings Per Share 0 0 1.1 2.3 2

Avax Apparels &Orna. Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 0 2 3 7
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other Non-Current Liabilities 0 0 -0 -0 -0
Total Current Liabilities 0 1 2 2 3
Total Liabilities 0 1 3 5 9
Fixed Assets 0 0 0 1 2
Other Non-Current Assets 0 0 0 0 0
Total Current Assets 0 0 3 4 7
Total Assets 0 1 3 5 9

Avax Apparels &Orna. Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0
Cash Flow from Operating Activities 0 -0 -0 0 -1
Cash Flow from Investing Activities 0 -0 -0 -1 -1
Cash Flow from Financing Activities 0 0 1 1 2
Net Cash Inflow / Outflow 0 0 0 -0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0

Avax Apparels &Orna. Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.01 0.02 1.13 2.26 1.96
CEPS(Rs) 0.01 0.02 1.18 2.41 2.35
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 0.02 0.04 2.88 5.14 7.95
Core EBITDA Margin(%) 0 4.68 6.75 9.54 7.75
EBIT Margin(%) 0 4.68 6.56 9.11 7.1
Pre Tax Margin(%) 0 4.68 6.43 8.8 6.64
PAT Margin (%) 0 3.5 4.72 6.26 4.75
Cash Profit Margin (%) 0 3.5 4.91 6.69 5.69
ROA(%) 65.22 3.46 34.35 33.27 23.15
ROE(%) 71.43 88.6 77.96 56.27 33.45
ROCE(%) 71.43 8.36 92.73 71.45 43.8
Receivable days 0 326.06 29.39 42.79 52.14
Inventory Days 0 0 15.32 8.79 4.31
Payable days 0 171.15 23.81 17.29 10.82
PER(x) 0 0 0 0 6.92
Price/Book(x) 0 0 0 0 1.71
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0 0.59 0.03 0.06 0.34
EV/Core EBITDA(x) 0.87 12.55 0.43 0.58 4.27
Net Sales Growth(%) 0 0 4992.48 50.05 55.75
EBIT Growth(%) 0 200 7048.15 108.31 21.3
PAT Growth(%) 0 124.44 6775.25 99.02 18.08
EPS Growth(%) 0 124.44 4557.77 99.02 -13.06
Debt/Equity(x) 0 18.18 0 0.23 0.1
Current Ratio(x) 11.5 0.81 1.86 2.29 2.77
Quick Ratio(x) 11.5 0.81 1.5 2.03 2.64
Interest Cover(x) 0 0 48.98 29.05 15.42
Total Debt/Mcap(x) 0 0 0 0 0.06

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 55% 0% 0% 0%
Operating Profit CAGR 50% 0% 0% 0%
PAT CAGR 100% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 185% NA% NA% NA%
ROE Average 33% 56% 66% 66%
ROCE Average 44% 69% 58% 58%

Company Contact Information

Avax Apparels And Ornaments Ltd.

611 6th Floor Jaina Tower I I Distt. Centre Janakpuri West Delhi

IPO Lead Manager(s)

Avax Apparels And Ornaments Ltd.

SKI Capital Services Limited

Registrar Info

Avax Apparels And Ornaments Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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