The allotment status for the Avax Apparels and Ornaments IPO is set to be released today, January 10, 2025, after the IPO subscription closed successfully on January 9, 2025. This IPO has attracted significant interest from investors and has become a topic of focus for those awaiting the results of their allotment.
IPO Subscription Details
The Avax Apparels and Ornaments IPO was open for subscription from January 7 to January 9, 2025, offering a total of 2.74 lakh shares at a fixed price of ₹70 per share. The IPO, which aimed to raise ₹1.92 crore, saw remarkable demand, with an overall subscription of 260.42 times.
- Retail segment subscription: 372.35 times
- Non-institutional investors (NII): 140.46 times
This strong reaction underscores the high level of investor trust in the company and its potential for future growth.
How to Check Allotment Status
Investors can track the status of their IPO allotment by visiting the website of the registrar or the BSE website. Follow the steps below for each method:
1. Registrar’s Website (Skyline Financial Services)
- Visit the registrar’s website: Skyline Financial Services
- Select the Avax Apparels and Ornaments IPO from the dropdown menu.
- Enter your PAN, Application Number, or Client ID.
- Hit the Search button to view your allotment status.
2. BSE Website
- Go to the BSE website and locate the IPO allotment section.
- Choose Equity as the issue type and fill in the necessary details, like your PAN or Application Number.
- Submit the details to check your status.
Key Dates to Remember
- Allotment Date: January 10, 2025
- Shares Credited to Demat Account: January 13, 2025
- Listing Date: January 14, 2025
The Grey Market Premium (GMP) indicates the demand for IPO shares in the unlisted market. However, investors should note that GMP is not a guarantee of returns and carries its own risks.
For those allotted shares, the credit will be reflected in their demat accounts by January 13, 2025, while refunds for unsuccessful applications will also be initiated on the same day. The company’s shares are expected to debut on the BSE SME platform on January 14, 2025. Before investing in any IPO, including Avax Apparels and Ornaments IPO, it’s crucial to conduct thorough research.
Stay updated and ensure you check your allotment status through the official channels mentioned above. Good luck!
