The IPO of Avax Apparels And Ornaments Limited will be open for subscription from January 7, 2025, to January 9, 2025, with a fixed price of ₹70 per share and a face value of ₹10 per share. Investors can apply in lots of 2,000 shares. The total issue size consists of 2,74,000 shares, aggregating to ₹1.92 crore, entirely through a fresh issue. The IPO will follow a Fixed Price Issue format and is set to list on the BSE SME platform.
Key dates for the IPO include the basis of allotment on January 10, 2025, initiation of refunds on January 13, 2025, and credit of shares to demat accounts on the same day. The shares are scheduled to be listed on January 14, 2025.
Established in June 2005, Avax Apparels And Ornaments Limited operates in two distinct business segments: wholesale trading and online retail of silver ornaments. The company is engaged in the wholesale trading of knitted fabric and offers a diverse range of silver ornaments online, including rings, ladies' payal, gents' kada, plate sets, glass, bangles, bowls, chains, and other jewelry. Its distribution network spans all major cities across India.
Avax Apparels And Ornaments Limited enjoys several competitive advantages in wholesale trading. Strategically located in a key cloth manufacturing hub, the company benefits from proximity to suppliers, which enhances efficiency and cost-effectiveness. Additionally, the increasing demand for its products and the management's strong business relationships have been instrumental in driving the company's growth and success in this segment.
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.