Price Band
₹70 - ₹70
Lot Size
2000
Issue Size
₹1.92 Cr
GMP
N/A
Subscription
260.42x
Analyzing...
IPO Schedule
1
Open
7 Jan 2025
2
Close
9 Jan 2025
3
Allotment
-
4
Listing
14 Jan 2025
About Avax Apparels & Ornaments
Avax Apparels & Ornaments is an SME focused on the apparel and ornaments sector. Specific details regarding their business model, product lines, or target market are not provided, requiring further investigation for a complete assessment.
Key Strengths
- High Return on Equity (ROE) of 43.91% suggests efficient utilization of shareholder equity.
- Low Price-to-Earnings (P/E) ratio of 3.88 indicates a potentially undervalued stock compared to earnings, assuming earnings are sustainable.
- SME segment listing may attract investors seeking high-growth opportunities, despite increased volatility.
- Fixed price IPO simplifies the investment decision, removing the uncertainty of price discovery within a range.
- Potential for growth in the apparel and ornaments market depending on their specific niche and market strategy.
Risk Factors
- •Small issue size (₹1.92 Cr) may lead to limited liquidity post-listing.
- •Limited information available on the company's specific operations and competitive landscape.
- •SME segment companies often carry higher risk due to their smaller size and vulnerability to market fluctuations.
- •Dependence on the overall performance of the apparel and ornaments sector.
Valuation Analysis
The IPO appears attractively priced based on the low P/E ratio; however, further due diligence is needed to assess the sustainability of earnings and the company's long-term growth prospects, especially considering the SME nature of the offering.
IPO Details
ExchangeBSE
SegmentSME
ISININE0NQ401016
Face Value₹10
Lot Size2000
Issue Size₹1.92 Cr
Key Metrics
ROE43.91%
ROCE61.68%
P/E Ratio3.88
Industry P/E20
EPS18.06
PAT Margin6.26%
Growth & Quality
ProfitableYes ✓
Subscription
Total27.92x
Documents
RHP not available
Key Dates
Open Date7 Jan 2025
Close Date9 Jan 2025
Listing14 Jan 2025