Avax Apparels and Ornaments Ltd IPO
Avax Apparels and Ornaments Ltd IPO Price Range is ₹70 - ₹70, with a minimum investment of ₹1,40,000 for 2000 shares per lot.
Subscription Rate
247.168x
Minimum Investment
₹1,40,000
/ 2000 shares
IPO Status
Price Band
₹70 - ₹70
Bidding Dates
Jan 7, 2025 - Jan 9, 2025
Issue Size
₹1.92 Cr
Lot Size
2000 shares
Min Investment
₹1,40,000
Listing Exchange
BSE
Avax Apparels and Ornaments Ltd IPO Application Timeline
IPO Subscription Status
IPO subscribed over
🚀 247.168x
This IPO has been subscribed by 372.354x in the retail category and 0x in the QIB category.
Subscription Rate
| Total Subscription | 247.168x |
| Retail Individual Investors | 372.354x |
| Qualified Institutional Buyers | 0x |
| Non Institutional Investors | 140.569x |
| Name | Avax Apparels and Ornaments Ltd |
Strengths and Risks
Strengths
Companys Core Business.
Qualified & Experienced Team.
Customers Base.
Geographic Exposure.
Competitive Advantage.
Corporate Governance.
Industry Growth Trends.
Wide Product Range.
Risks
The company Promoters are not the original promoters of the Company.
The company does not have long term contracts with most of its suppliers and customers.
Its Promoters have limited experience in the current line of business.
The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
The company depends on a limited number of customers for a significant portion of its revenue. The loss of any of the company major customer due to any adverse development or significant reduction in business from its major customer may adversely affect the companys business, financial condition, results of operations and future prospects.
The company has experienced negative cash flows from operating and investing activities in the past.
The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.
The Company has entered into certain related party transactions and may continue to do so in the future.
Reliance has been placed on declarations and affidavits furnished by its Directors and Key Management Personnel, for details of their details included in this Prospectus.
The Company has delayed payment of Statutory dues.
How to Apply for Avax Apparels and Ornaments Ltd IPO on INDmoney
- Download the INDmoney app and complete your KYC.
- Go to INDstocks → IPO, or just search “IPO”.
- Tap on Avax Apparels and Ornaments Ltd IPO from the list of live IPOs.
- View key details like price band, lot size, and dates.
- Tap Apply Now and choose your number of lots.
- Use INDpay UPI for instant mandate tracking.
- Your funds will be blocked until the share allotment is finalized.