Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
- Wholesale trading
- Online retail of silver ornaments
The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.
The company has several key advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company's success in this segment.
Competitive Strengths
- Locational advantage
- Good network and connections with the players in the Sector
- Excellent Customer Relations
- Experienced and professional Team
- Good Track record of the management
As of September 2024, the company has 7 full term employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 1,089 | 485 | 347 |
| Revenue | 1,501 | 2,206 | 1,470 |
| PAT | 91 | 138 | 69 |
| Net Worth | 405 | 315 | 176 |
| Total Borrowing | 72 | 72 | — |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 130,000 (47%) | — |
| Retail (RII) | — | 130,000 (47%) | — |
| Market Maker | — | 14,000 (5%) | — |
| Total | — | 274,000 (100%) | — |
* Amount calculated at upper price band (₹70) · ** Total includes all investor categories
- 1 Initiation of Refund 13 Jan 2025
- 2 Credit of Shares to Demat 13 Jan 2025
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 4x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹18 compares to post-issue EPS of ₹17 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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