The record date for the bonus shares is April 7. Investors whose names appear as beneficial owners in the company’s Register of Members or in the records of depositories on this date will be eligible to receive the bonus shares.
The company had announced these bonus shares in February, and they will be allotted on April 8. The face value of each share is ₹5.
Share Price and Company Details
At present, Avax Apparels and Ornaments shares are trading at ₹168 on the BSE. The company’s market capitalisation is around ₹35 crore.
The company was listed on the BSE SME platform in January 2025. Its initial public offering (IPO) size was ₹19.2 million (about $1.92 billion). The promoters of the company are Harinderpal Singh Sodhi and Harish Kumar.
Stock Performance and Recent Changes
The company’s stock has performed strongly over time. It has gained nearly 200% in the past one year and about 180% in the last six months.
Recently, the company also carried out a stock split. Under this, one share with a face value of ₹10 was split into two shares of ₹5 each.
Financial Performance
In FY 2025, Avax Apparels and Ornaments reported a standalone revenue of ₹34.36 crore. During the same period, the company’s net profit was ₹1.63 crore.
