ListedSMETextileAVAX

Avax Apparels And Ornaments IPO

Avax Apparels And Ornaments IPO is an SME IPO raising ₹1 Cr at a fixed price of ₹70 a share. It listed on 14 Jan 2025 at ₹133, +90.0% against its issue price of ₹70, and trades at ₹32 today (−9.6% since issue, after adjusting for its 2:1 stock split). It was subscribed 243× in total.

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₹70

Issue price

₹32

Price now

−9.6%

Since issue price

14 Jan 2025

Listed on

243×Subscribed (final) · all exchanges

243.2 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹70

Cut-off price₹70

Issue size₹1 Cr

Shares per lot2000

Minimum application₹1,40,000

Minimum quantity2000

Face value₹10

Listing exchangesBSE

ISININE0NQ401016

Bidding hours10:00 – 17:00 IST

Bidding window7 Jan 2025 – 9 Jan 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.