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News Details

16/09/2024 15:40

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Avax Apparels and Or announces launch of initial public offering

Avax Apparels and Ornaments Ltd. has announced public offering of 274000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 191.80 lakhs.

The company's initial public offer (IPO) will open on 20 September 2024 and is expected to close on 24 September 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 274000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Avax Apparels and Ornaments Ltd. anticipates using the proceeds of the issue for .

SKI Capital Services Limited as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.