Avax Apparels and Ornaments Ltd. IPO

Our Company operates within two distinct business segments, namely, the wholesale trading of knitted cloth, and the online retail of silver ornaments. Our wholesale trading business is based in the Punjab region of India. We specialize in sourcing and supplying knitted cloth. We have a ... strong presence in the local market and we have established relationships with many suppliers and manufacturers in the region. We are known for our competitive prices and high-quality products. We always keep in mind the latest fashion trends while sourcing our products. We are committed to providing excellent customer service, timely delivery and building long-term relationships with our clients. Our online retail of silver ornaments business is conducted through our e-commerce portal https://blushines.com/ . We offer a wide variety of silver jewellery items including necklaces, bracelets, earrings, and rings. All of our products are made of high-quality sterling silver. We also provide an option for customization for our customers. Our e-commerce portal is user-friendly and secure, making it easy for customers to browse and purchase our products. We are knowledgeable about the latest fashion trends and can help customers find the perfect piece of jewellery to suit their needs. Our mission is to provide customers with beautiful and affordable silver jewellery, and we strive to make every customer happy with their purchase. Read more

Our Company was originally incorporated on June 2, 2005 as a private limited Company under the name and style of “Ethnic Designers Private Limited'' under the provisions of Companies Act, 1956 with the Registrar of Companies, NCT of Delhi & Haryana vide CIN U51311DL2005PTC137127. ... Pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on September 06, 2021 the Object of the Company was changed vide a fresh Certificate of Incorporation dated October 4, 2021 issued by Registrar of Companies, NCT of Delhi & Haryana vide CIN U51100DL2005PTC137127. Pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on September 6, 2021 the name of the Company was changed to Avax Soft Technologies Private Limited vide a fresh Certificate of Incorporation dated October 11,2021 issued by Registrar of Companies, NCT of Delhi & Haryana. Pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on November 09, 2022 our Company was converted into a Public Limited Company and the name of the Company was changed to Avax Soft Technologies Limited vide a fresh Certificate of Incorporation dated November 18, 2022 issued by Registrar of Companies, NCT of Delhi & Haryana vide CIN U5110DL2005PLC137127. Further pursuant to shareholders’ resolution passed at Extra Ordinary General Meeting held on May 08, 2023 the name of the Company was changed to Avax Apparels and Ornaments Limited vide a fresh Certificate of Incorporation dated June 15, 2023 issued by Registrar of Companies, NCT of Delhi & Haryana vide CIN U14101DL2005PLC137127

Wholesale trading in India is a significant industry that employs a large number of workers, mostly in the informal sector. It provides livelihoods for many families across the country and is an important contributor to India's economy. The sector is primarily concentrated in large cities and ... towns, with significant activity in places like Mumbai, Kolkata, and Delhi. The wholesale trading industry in India traditionally includes textiles, garments, and handicrafts, but it has grown to encompass a wide range of goods in recent years. The industry has faced challenges due to increasing competition from other countries and changes in global trade policies, as well as the impact of e-commerce. However, it continues to be a major source of employment and an important part of India's economy. Online retail of silver ornaments in India has also become increasingly popular in recent years. The growth of e-commerce in India has made it possible for consumers to shop for silver ornaments from the comfort of their own homes. This has been especially beneficial for consumers living in remote areas or smaller towns where access to silver ornament retail outlets may be limited. The online retail of silver ornaments has also provided a new sales channel for small businesses and independent artisans, allowing them to reach a wider audience and grow their businesses. In this way, online retail has expanded the market and provided opportunities for more players in the industry. Read more