IPO Details

Avax Apparels and Ornaments Ltd
Registered Office: 611 6th Floor Jaina,TowerII Distt Centre Janakpuri,Delhi-110058, New Delhi
Tel. No: +011-4475 0642/+91-9599497767
Fax No:
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
20-Sep-2024	24-Sep-2024	₹70.00 - 0.00	₹0.00 - 0.00

Minimum Application for shares in Nos : 2000	Further Multiples of : 2000

	(₹ 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
Skyline Financial Services Pvt