Avax Apparels and Ornaments Ltd - IPO

Avax Apparels and Ornaments Ltd IPO Details

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.

Objective of issue

Avax Apparels and Ornaments Ltd Contact Details

Avax Apparels and Ornaments Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - secretarial@avaxapparels.com

Website - https:, www.avaxapparels.com