Avax Apparels And Ornaments IPO Allotment Status

Summary

Avax Apparels And Ornaments Limited, established in June 2005, operates in two distinct business segments: wholesale trading of knitted fabric and online retail of silver ornaments. Their silver ornaments product line includes a diverse range of items such as rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and various other jewelry pieces. The company has strategically positioned itself in a major cloth manufacturing hub, providing significant advantages in their wholesale trading operations.

The company has launched its IPO with a total issue size of ₹1.92 crore through a fresh issue of 2.74 lakh shares. The IPO opened on January 7, 2025, and closed on January 9, 2025. The allotment date for the Avax Apparels And Ornaments IPO is set for Friday, January 10, 2025.

Steps to Check Avax Apparels And Ornaments IPO Allotment Status on Registrar Site

• Visit Skyline Financial Services Private Ltd website.
• Select "Avax Apparels And Ornaments IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Avax Apparels And Ornaments IPO Allotment Status on BSE SME

• Visit the BSE SME IPO Allotment Page.
• Select "Avax Apparels And Ornaments IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Avax Apparels And Ornaments Subscription Status

The IPO received strong investor interest, being subscribed 260.42 times overall. Here is a category-wise breakdown of the subscription as of 6:19:09 PM on January 9, 2025:

• Retail Category: 372.35 times
• Non-Institutional Investors (NII): 140.46 times

As of 6:19:09 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Working Capital: Meeting the working capital requirements of the company.
• General Corporate Purposes: Supporting various business objectives and operational needs.

Avax Apparels And Ornaments IPO - Listing Details

The shares are scheduled to list on January 14, 2025, on the BSE SME platform. The impressive subscription rate of 260.42 times demonstrates strong investor confidence in Avax Apparels And Ornaments' business model and growth prospects. The funds raised will support the company's working capital requirements and operational needs, positioning it for future growth. Investors can check their allotment status through the registrar's website or BSE SME on January 10, 2025. The shares are set to debut on January 14, 2025, marking an important milestone for the company.