Avax Apparels And Ornaments IPO Overview

Introduction:
Avax Apparels And Ornaments Limited is all set to launch its IPO from January 7 to January 9, 2025. The company, known for its wholesale trading and online retail of silver ornaments, aims to raise ₹1.92 crores through this fixed-price issue. This article provides detailed insights into the IPO, including GMP updates, subscription status, price, and expert reviews.

Key Details of Avax Apparels And Ornaments IPO

• IPO Date: January 7 to January 9, 2025
• Listing Date: January 14, 2025 (Tentative)
• Issue Type: Fixed Price Issue
• IPO Price: ₹70 per share
• Lot Size: 2000 shares
• Total Issue Size: ₹1.92 crores
• Market Maker: SKI Capital Services Limited
• Registrar: Skyline Financial Services Pvt. Ltd

Company Overview:

Incorporated in 2005, Avax Apparels And Ornaments Limited operates in wholesale trading and online retail of silver ornaments. The company benefits from its strategic location in the textile manufacturing hub, offering a competitive edge in the market.

Competitive Strengths:

1. Locational Advantage: Proximity to textile hubs.
2. Strong Customer Relations: Trusted network in the market.
3. Experienced Management: Professional leadership with a proven track record.

Avax Apparels And Ornaments IPO GMP and Subscription Status

• GMP (Grey Market Premium): As of now, the GMP indicates moderate demand in the secondary market. Stay updated for the latest GMP trends.
• Subscription Status: The IPO received strong interest from retail and HNI investors, with significant oversubscription reported on Day 2.

Investment Opportunities:

With a minimum investment of ₹1,40,000 for retail investors, this IPO is ideal for those seeking exposure to the wholesale trading and ornament sectors. However, it’s crucial to assess the financials and business risks before making investment decisions.

Company Financials

Should You Invest in Avax Apparels And Ornaments IPO?

1. Pros:
   • Strong revenue growth.
   • Strategic location advantages.
   • High demand for silver ornaments and fabrics.
2. Cons:
   • Small issue size limits liquidity.
   • Dependency on market sentiment.

FAQs

1. What is the price of Avax Apparels And Ornaments IPO?
   The IPO price is ₹70 per share.
2. What is the minimum investment for retail investors?
   The minimum investment is ₹1,40,000 for one lot of 2000 shares.
3. What is the GMP of Avax Apparels And Ornaments IPO?
   The latest GMP trends indicate moderate demand; investors are advised to track updates regularly.
4. When will the allotment for Avax Apparels And Ornaments IPO be finalized?
   The allotment is expected to be finalized on January 10, 2025.
5. Where will Avax Apparels And Ornaments IPO be listed?
   The IPO will be listed on the BSE SME platform.

Conclusion:

The Avax Apparels And Ornaments IPO presents an exciting opportunity for investors, especially those looking to explore the wholesale trading and ornament sectors. With its strategic advantages and growing market presence, this IPO could be a valuable addition to your investment portfolio. However, always assess the risks and consult financial advisors before investing.

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