How To Check Avax Apparels And Ornaments IPO Allotment Status On Skyline Financial
Shares of Avax Apparels and Ornaments are expected to debut on the BSE SME on Tuesday, January 14.
Avax Apparels And Ornaments IPO share allotment status is expected to be finalised on Friday, Jan. 10, following a strong subscription. The three-day subscription window for the BSE SME issue was open from Jan. 7 to Jan. 9.
Avax Apparels And Ornaments IPO was subscribed 260.42 times on the last day of bidding as investors across categories applied for 6,77,10,000 shares against the 2,60,001 shares on offer.
The Non-Institutional Investors (NIIs) category was subscribed 372.35 times, while retail investors booked 140.46 times the shares allocated for them.
Avax Apparels And Ornaments IPO price band was set at Rs 70 per share, making it a fixed price issue. The Rs 1.92-crore SME IPO was a fresh issue of 2.74 lakh shares with no offer-for-sale (OFS) component.
The investors, who have applied for Avax Apparels And Ornaments IPO, can check the share allotment status on the websites of BSE and the issue registrar. Skyline Financial Services Pvt. is the registrar for the issue.
Steos To Check Avax Apparels And Ornaments IPO Allotment Status on BSE
Open the Application Status page of BSE here.
Choose "Equity" as the issue type.
Select "Avax Apparels And Ornaments Ltd." from the list of companies.
Enter your IPO application number or PAN.
Verify the captcha by clicking on the "I am not a Robot" box.
Click the "Submit" button to check the details of the allotment status.
Steps To check Avax Apparels And Ornaments IPO Allotment Status on Skyline Financial Services
Visit the IPO allotment page of Skyline Financial Services Pvt. here.
Select "Avax Apparels And Ornaments Ltd." on the Check Application Status page.
Choose either DPID/Client ID, Application Number or PAN.
Enter the required details based on your selection.
Click 'Search' to see the allotment status.
Avax Apparels And Ornaments IPO: GMP Today
The grey market premium on the Avax Apparels And Ornaments IPO was Rs 10 as of 6:56 a.m. on Jan. 10, marking a premium of 14.29%. According to InvestorGain, shares of the company are likely to list at Rs 80 on the bourses if the current trends are sustained.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
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Use Of IPO Proceeds
Avax Apparels And Ornaments Ltd. has proposed to use the net proceeds from the IPO to fund its working capital requirement and for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
