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Avax Apparels IPO vs Unilex Colours IPO

Comparison between Avax Apparels IPO and Unilex Colours IPO.

IPO Details

Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Unilex Colours IPO is a SME Bookbuilding proposed to list at NSE SME.

 Avax Apparels IPOUnilex Colours IPO
LogoAvax Apparels IPO LogoUnilex Colours IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSKI Capital Services Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSKI Capital Services Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Avax Apparels IPO is up to ₹1.82 Cr whereas the issue size of the Unilex Colours IPO is up to ₹29.65 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Unilex Colours IPO is ₹87.00 per share.

 Avax Apparels IPOUnilex Colours IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹82.00 per share
Issue Price (Upper)₹87.00 per share
Issue Price (Final)₹70.00 per share₹87.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size2,60,000 shares34,08,000 shares
Fresh Issue Size (Amount)up to ₹1.82 Crup to ₹29.65 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total2,60,000 shares34,08,000 shares
Issue Size Total (Amount)up to ₹1.82 Crup to ₹29.65 Cr

IPO Timetable

Avax Apparels IPO opens on Jan 07, 2025, while Unilex Colours IPO opens on Sep 25, 2024. The closing date of Avax Apparels IPO and Unilex Colours IPO is Jan 09, 2025, and Sep 27, 2024, respectively.

 Avax Apparels IPOUnilex Colours IPO
Anchor Bid DateSep 24, 2024
Issue OpenJan 07, 2025Sep 25, 2024
Issue CloseJan 09, 2025Sep 27, 2024
Basis Of Allotment (Tentative)Jan 10, 2025Sep 30, 2024
Initiation of Refunds (Tentative)Jan 13, 2025Oct 01, 2024
Credit of Share (Tentative)Jan 13, 2025Oct 01, 2024
Listing date (Tentative)Jan 14, 2025Oct 03, 2024
Anchor Lockin End date 1Oct 30, 2024
Anchor Lockin End date 2Dec 29, 2024

Financials & KPIs

Avax Apparels IPO P/E ratio is 3.88, as compared to Unilex Colours IPO P/E ratio of 14.13.

 Avax Apparels IPOUnilex Colours IPO
Financials

Avax Apparels And Ornaments Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,089.09484.6346.8957.66
Total Income1,500.932,205.981,470.2128.87
Profit After Tax90.61138.1969.441.01
Net Worth405.3314.68176.491.65
Total Borrowing72.0271.530
Amount in ₹ Lakhs

Unilex Colours and Chemicals Limited Financial Information (Restated Consolidated)

Unilex Colours and Chemicals Limited's revenue increased by 3% and profit after tax (PAT) rose by 24% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets9,068.357,072.317,669.84
Total Income14,932.8814,441.8415,156.73
Profit After Tax616.67497.07471.17
Net Worth3,6863,202.892,805.98
Reserves and Surplus2,684.32,868.992,472.08
Total Borrowing2,161.41,166.831,135.09
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)57.00100.00
Promoter Shareholding (Post-Issue)41.9773.56
P/E Ratio3.8814.13
Market Cap₹7.27 Cr.₹118.47 Cr.
ROE43.91%17.93%
ROCE61.68%6.32%
Debt/Equity0.59
EPS₹18.06₹6.16
RoNW43.91%16.73%

Shares Offered

In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Unilex Colours IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 6,81,600 shares in Unilex Colours IPO.

 Avax Apparels IPOUnilex Colours IPO
Anchor Investor Reserveration0 shares10,20,800 shares
Market Maker Reserveration14,000 shares1,92,000 shares
QIB0 shares6,81,600 shares
NII1,30,000 shares5,12,000 shares
RII1,30,000 shares11,93,600 shares
Employee0 shares
Others
Total2,60,000 shares34,08,000 shares

Bids Received (Subscription)

Avax Apparels IPO subscribed 260.42x in total, whereas Unilex Colours IPO subscribed 35.03x.

 Avax Apparels IPOUnilex Colours IPO
QIB (times)15.58x
NII (times)140.46x60.74x
Big NII (times)
Small NII (times)
RII (times)372.35x35.11x
Employee (times)
Other (times)
Total (times)260.42x35.03x