Another company is set to launch its IPO on January 7, 2025, which falls on a Tuesday. The Initial Public Offering will close on January 9, 2025, Thursday. The company is Avax Apparels and Ornaments.
Through this Issue, the company plans to raise ₹1.92 crore by issuing a total of 2,74,000 shares. This entire amount will be raised through a fresh issue.
For retail investors, the minimum lot size is 2,000 shares. It’s a fixed-price issue, and the shares will be listed on the BSE SME platform. The price for each share has been fixed at ₹70. The shares are scheduled to be listed on January 14, 2025.
IPO Key Highlights
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Date | 7 January, 2025 (Tuesday) to 9 January, 2025 (Thursday) |
| Pricing Information | Face Value | ₹10 per share |
| Price | ₹70 per share | |
| Offer Structure | Total Issue Size | 2,74,000 shares (₹1.92 Cr) |
| Fresh Issue | 2,74,000 shares (₹1.92 Cr) | |
| Investor Details | Lot Size | 2,000 Shares |
| Issue Type | Fixed Price Issue IPO | |
| Listing At | BSE SME | |
| Market Maker Portion | Market Maker Portion | 14,000 shares |
Important Dates of the Issue
7 January, 2025 (Tuesday)
9 January, 2025 (Thursday)
10 January, 2025 (Friday)
13 January, 2025 (Monday)
13 January, 2025 (Monday)
14 January, 2025 (Tuesday)
What is GMP of Avax Apparels And Ornaments Ltd IPO today?
As of January 13, 2025, the Grey Market Premium (GMP) for the Avax Apparels And Ornaments Ltd IPO is ₹10. This indicates that the shares are expected to list at approximately ₹80 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Company Financials
| Particulars | 30 Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Assets | 1,089.09 | 484.6 | 346.89 | 57.66 |
| Revenue | 1,500.93 | 2,205.98 | 1,470.21 | 28.87 |
| Total Expenses | 1,075.00 | 2,011.90 | 1,075.68 | 27.52 |
| Profit After Tax | 90.61 | 138.19 | 69.44 | 1.01 |
| Net Worth | 405.3 | 314.68 | 176.49 | 1.65 |
The company’s assets have grown a lot over the past couple of years. In FY 2022, they had ₹57.66 lakhs in assets, and by FY 2024, this shot up to ₹484.6 lakhs. That’s a big jump!
Their revenue has also increased quite a bit. It went from ₹28.87 lakhs in FY 2022 to ₹205.98 lakhs in FY 2024.
Expenses have grown too, almost in the same proportion. In FY 2022, they spent ₹27.52 lakhs, which went up to ₹211.90 lakhs by FY 2024.
But here’s the exciting part – their profit after tax. Back in FY 2022, it was just ₹1.01 lakhs, but by FY 2024, it had skyrocketed to ₹138.19 lakhs. That’s pretty impressive!
All in all, the numbers make the company look like it’s in a best position financially.
Company's Key Performance Indicator
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 43.91% |
| Return on Capital Employed (ROCE) | 61.68% |
| Return on Net Worth (RoNW) | 43.91% |
| PAT Margin | 6.26 |
| Price to Book Value | 1.70 |
| EBITDA Margin | 9.52 |
| Net Asset Value | 41.13 |
Net Cash Flow Overview
| Particulars | September 30, 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Net cash from operating activities | -20.19 | 10.95 | -35.67 | -13.98 |
| Net cash from investing activities | -4.80 | -86.52 | -17.91 | -2.58 |
| Net cash used in financing activities | 0.11 | 67.55 | 73.45 | 30.00 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum) | 1 | 2,000 | ₹1,40,000 |
| Retail Investor (Maximum) | 1 | 2,000 | ₹1,40,000 |
| HNI Investor (Minimum) | 2 | 4,000 | ₹2,80,000 |
Investor Category-Wise Reservation
| Investor Category | Shares Reserved |
|---|---|
| Shares Reserved for Retail Category | 50% of the Net Issue |
| Shares Reserved for Others | 50% of the Net Issue |
Revenue from India vs International Customers
| Category | 30 Sep 2024 (₹ Lakhs) | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|---|
| Revenue from India | 1,500.93 | 2,205.98 | 1,470.20 | 28.87 |
| Revenue from Outside India | - | - | - | - |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS Basic (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Avax Apparels and Ornaments Limited | 18.06 | 3.88 | 10.00 |
| Aarnav Fashions Limited | 1.33 | 41.30 | 10.00 |
| Anand Rayons Limited | 2.09 | 21.60 | 10.00 |
Key Objectives of the Issue
The fund collected through this Issue will be utilized for the following purposes.
1. Working Capital Requirements.
2. General Corporate Purposes.
3. Issue related expenses.
Final Words:
Popular Questions
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more such reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Avax Apparels And Ornaments Ltd Public Offer, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an public offering or any other securities to make sure that it suits your financial plans and risk tolerance.
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