Avax Apparels Makes Stellar BSE SME Debut with 90% Premium

Avax Apparels and Ornaments Limited made a remarkable stock market debut today, listing at Rs 133 per share on the BSE SME platform - a 90% premium over its issue price of Rs 70. The company's market valuation post-listing stands at Rs 14.51 crore. The IPO, which raised Rs 1.92 crore, had received an overwhelming response with 113.28 times oversubscription. The company operates in wholesale trading of knitted cloth and online retail of silver ornaments, with its manufacturing facilities located in Punjab. This strong listing follows the company's successful IPO that closed on January 9, 2025.

Source: Business Standard