The record date is April 7. Investors whose names appear as beneficial owners of shares in the company’s Register of Members or in the records of the depositories on this date will be eligible to receive the bonus shares.
The bonus shares were announced in February and 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’ share price on the BSE is ₹168. The company’s market capitalisation is close to ₹35 crore.
The company was listed on the BSE SME in January 2025. Its initial public offering (IPO) was ₹19.2 million (approximately $1.92 billion). The promoters of the company are Harinderpal Singh Sodhi and Harish Kumar.
Stock Performance and Financials
The stock has delivered strong returns, gaining nearly 200% over the past year. In the last six months alone, it has risen by nearly 180%.
Recently, the company also completed a stock split, under which one share with a face value of ₹10 was split into two shares with a face value of ₹5 each.
On a standalone basis, Avax Apparels and Ornaments reported revenue of ₹34.36 crore in FY 2025, while its net profit stood at ₹1.63 crore.
