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IPO

IPO Details


Avax Apparels and Ornaments Ltd
Registered Office: 611 6th Floor Jaina, TowerII Distt Centre Janakpuri, Delhi - 110058, New Delhi
Phone: +011-4475 0642/+91-9599497767
Email: secretarial@avaxapparels.com
Website: https://www.avaxapparels.com
Initial public offer of 2,74,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Avax Soft Technologies Limited ("The Company" or "ASTL" or "The Issuer") at an issue price of Rs. 70 per equity share for cash, aggregating up to Rs. 1.92 crores ("Public Issue") out of which 14,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 0.10 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 2,60,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 1.82 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 26.36% and 25.02% respectively of the post-issue paid-up equity share capital of the company.
Issue Money Payable On
Opens On Closes On Application Allotment
07-Jan-2025 09-Jan-2025 ₹ 70.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 1.72 SKI Capital Services Ltd
Project Financed through Current Offer 1.92
Post Issue Equity Share Capital 1.04
Issue Price ₹70.00
Projects
Working Capital Requirement
General Corporate Purposes
Promoted By
Harinderpal Singh Sodhi
Harish Kumar
Listing At
BSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

81,361.87 -82.79 (-0.10%)

Nifty

24,793.25 -18.80 (-0.08%)

GLOBAL INDICES

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85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,237.75 -472.95(-1.99%)