Avax Apparels And Ornaments Ltd IPO

कंपनी के बारे में

Avax Apparels and Ornaments Limited was founded in 2005 with a focus on two distinct business lines: wholesale trading of knitted cloth and online retail of silver ornaments. The company operates from its registered office in New Delhi, with additional offices and a factory cum warehouse in Punjab. The 'wholesale trading of knitted cloth' segment accounts for the majority of the company’s revenue, contributing 96.38% in fiscal 2024. The company recently invested in manufacturing equipment for knitted cloth, aiming for backward integration to enhance profitability. Contributing 3.62% of the company’s revenue in fiscal 2024, 'online retail of silver ornaments' segment caters to the growing online market for silver jewelry, providing ethnic and modern designs across major Indian cities.