Avax Apparels IPO share allotment. Check status, GMP, listing date and other details

The shares allotment for Avax Apparels and Ornaments IPO will be finalised on Friday and investors will get to know the number shares they were allotted as against the shares bid for. Investors can check Avax Apparels IPO allotment status through BSE or the registrar.

Here's how you can check the allotment status through BSE

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)


Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

Follow the below steps to know IPO allotment status of Avax Apparels through the registrar's website of Skyline Financial Services

Step 1: Visit the Skyline Financial Services website (https://www.skylinerta.com/ipo.php)

Step 2: Select Avax Apparels and Ornaments IPO

Step 3: Enter the PAN details and click search to know the status

What is the GMP of Avax Apparels and Ornaments

On the allotment day, Avax Apparels and Ornaments GMP is around Rs 10, which indicates a premium of 14% over the issue price. The company's shares will debut on the exchanges on January 14.

Also Read: India's equity fundraising hits nearly Rs 4 lakh cr in 2024, driven by 3x jump in IPO proceeds

Avax Apparels and Ornaments IPO subscription details

The company has business segments - wholesale trading of knitted cloth and online retail of silver ornaments. For the knitted cloth business, the company directly buys from manufacturers and supplies wholesale to companies and readymade garment manufacturers in Punjab. Knitted cloth is used for the manufacturing of jackets.

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital intensive sophisticated mills sector at the other end.

The Indian textile and apparel industry is expected to grow at 10% CAGR from 2019-20 to reach $190 billion by 2025-26. India has a 4% share of the global trade in textiles and apparel.