IPO Synopsis

Avax Apparels and Ornaments Ltd

Registered Office: 611 6th Floor Jaina,TowerII Distt Centre Janakpuri, Delhi - 110058, New Delhi, India. Phone : +011-4475 0642/+91-9599497767   Fax: 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 Opens On Closes On 07-Jan-25 09-Jan-25 Money Payable On Application Allotment 70.00 0.00 Minimum Application for shares in Nos : 2000 Further Multiples of : 2000 Cr Lead Managers to the Issue Project Cost (.Cr) 1.72 SKI Capital Services Ltd Project Financed through Current Offer (.Cr) 1.92   Post Issue Equity Share Capital (.Cr) 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

No Data Available