Avax Soft Technologies has two unique business lines: wholesale trading and online silver ornament selling. The wholesale trading section deals in knitted clothing, purchasing directly from producers and supplying wholesale dealers.
On the retail front, it is in the business of selling silver products through the internet. It provides a large range of silver objects depending on weight, design, and other criteria. The IPO dates for Avax Soft Technologies Ltd. have not yet been disclosed. However, we will update the website as soon as it becomes accessible. The IPO of Avax Soft Technologies Ltd. would include new shares totaling Rs. 191.80 lakh. The initial public offering (IPO) share price is determined at Rs. 70 per equity share.
The company promoters are Harinderpal Singh Sodhi and Harish Kumar.
Avax Soft Technologies Ltd. IPO Objective
The company proposes to use the net proceeds from the offer to fund the following objects:
- To meet the working capital requirements
- Finance and general corporate purposes
- Meet issue expenses
Avax Soft Technologies 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 |
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 recognized 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.
Strengths
- Avax Soft Technology is led by experienced promoters.
- It has maintained successful relationships with customers.
- A good track record of the promoters.
Risks
- Company operation is limited by the availability of capital.
- The company is taken over by the new promoters which may lead to legacy issues.
- The company doesn’t have long-term contracts with suppliers.
Avax Soft Technologies IPO FAQs:
Q1. What will be Avax Soft Technologies Ltd. IPO lot size?
Ans. Will be updated soon.
Q2. When will Avax Soft Technologies Ltd. IPO open for subscription?
Ans. Will be updated soon.
Q3. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot.
Q4. When will Avax Soft Technologies Ltd. list on exchanges?
Ans. Will be updated soon.
Q5. What would be the listing gains on the Avax Soft Technologies Ltd. IPO?
Ans. Listing gains cannot be measured before the listing of the IPO on the stock exchange.
Q6. I have finished the application process for the Avax Soft Technologies Ltd. IPO, but the funds are not yet debited. What is the reason?
Ans. 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.
Q7. How do I approve the UPI mandate request for the Avax Soft Technologies Ltd. IPO?
Ans. Login to your UPI handle to approve the payment mandate and complete the IPO application process.
Q8. Can I submit more than one application for the public issue of Avax Soft Technologies Ltd. using one PAN?
Ans. You are allowed to submit only one application using one PAN card.
Q9. What is the minimum order quantity for the Avax Soft Technologies Ltd. IPO?
Ans. Will be updated soon.
Q10. What is the Avax Soft Technologies Ltd. IPO?
Ans. 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.
Q11. When will Avax Soft Technologies Ltd. IPO allotment be available?
Ans. Will be updated soon.
