IPO IPO-Synopsis
Avax Apparels and Ornaments Ltd

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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 Rs10/- each (the "Equity Shares") of Avax Soft Technologies Limited ("The Company" or "ASTL" or "The Issuer") at an issue price of Rs70 per equity share for cash, aggregating up to Rs1.92 crores ("Public Issue") out of which 14,000 equity shares of face value of Rs10 each, at an issue price of Rs70 per equity share for cash, aggregating Rs0.10 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 Rs10 each, at an issue price of Rs70 per equity share for cash, aggregating upto Rs1.82 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-25 09-Jan-25 Rs70.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs 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 Rs70.00  
Projects
Working Capital RequirementGeneral Corporate Purposes
Promoted By
Harinderpal Singh Sodhi
Harish Kumar
Listing At
BSE - SME 
Registrar to the Issue
Skyline Financial Services Pvt