IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
To be announced
About Company
The company operates in two distinct business lines wholesale trading and online retail of silver ornaments. The wholesale trading segment is involved with the trading of knitted clothes - buying directly from the manufacturers and supplying to the wholesale dealers.
On the retail front, it is involved in the business of selling silver items online. It offers a wide variety of silver items based on weight, design, and other specifications.
The company promoters are Harinderpal Singh Sodhi and Harish Kumar.
Avax Soft Technologies Ltd. IPO Details
Avax Soft Technologies Ltd. IPO dates are not yet announced. However, we will update the page when they are available.
Avax Soft Technologies Ltd. IPO will contain fresh shares worth Rs. 191.80 lakh. The IPO share price is fixed at Rs. 70 per equity share.
Avax Soft Technologies Ltd. IPO Objective
The company proposes to utilise the net proceeds from the offer to fund the following objects.
- To meet the working capital requirements
- Finance general corporate purposes
- Meet issue expenses
Should you invest in Avax Soft Technologies Ltd.?
- It has a good network and enjoys connections with the other players in the market.
- The Indian knitted market is well-established and is recognised for offering quality products in the global market.
- The company ventures into the rapidly growing online market space with a large number of websites and e-commerce platforms.
IPO Financials
| Particulars | Period ending on December 31, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 1,233.07 | 28.87 | NA |
| Profit After Tax (PAT) | 68.95 | 1.01 | 0.45 |
| EBITDA | 94.43 | 1.35 | 0.45 |
| EPS | 9.01 | 0.94 | 0.42 |
Know before investing
Strengths
3-
Avax Soft Technology is led by experienced promoters.
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It has maintained successful relationships with customers.
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A good track record of the promoters.
Risks
3-
Company operation is limited by the availability of capital.
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The company is taken over by the new promoters which may lead to legacy issues.
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The company doesn’t have long-term contracts with suppliers.
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Avax Soft Technologies IPO FAQs
The total issue size of Avax Soft Technologies Ltd. IPO is Rs. 191.80 lakh comprising fresh equity shares. The IPO share price is fixed at Rs. 70 per share.
Will be updated soon.
Will be updated soon.
Will be updated soon.
Retail investors can apply for a minimum of one lot.
Will be updated soon.
You can check the IPO share allotment status froM Angel One’s mobile app. Log in to the app and validate with OTP.
To check the allotment status, enter your application number, DP ID, and PAN number into the app.
Listing gains cannot be measured before the listing of the IPO on the stock exchange.
Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted or the bank will unblock the amount after the UPI mandate expiry date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
You are allowed to submit only one application using one PAN card.
Will be updated soon.
