Apollo Fashion International Unlisted Shares
Apollo Fashion International Limited makes leather footwear, jackets, bags and belts for fashion brands from factories in Noida. It took over the fashion division of Apollo Green Energy in June 2024.
Read the full company profile
Key facts
Apollo Fashion International share details
- Lot size
- 1,000 shares
- Min. investment
- ₹42,000
- Face value
- ₹10
- Implied market cap
- ₹125 Cr
- Shares outstanding
- 29,765,210
- Founded
- 2023
- Headquarters
- New Delhi
- Website
- apollofashioninternational.com
- ISIN
- INE0RYY01014
- CIN
- U46411DL2023PLC419636
- Lock-in after IPO
- 6 months
Price history
Apollo Fashion International share price chart
1Y change
-27.59%
High
₹58.00
Low
₹42.00
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About
About Apollo Fashion International
Apollo Fashion International Limited (AFIL) is a private label manufacturer of leather goods. It makes footwear, leather garments and outerwear, bags, belts and other accessories for fashion brands, retailers and importers. Its two main factories are in Noida, Uttar Pradesh, and it supplies buyers in the US, UK, Canada, Europe and India. The registered office is in Saket, New Delhi.
The company was incorporated in September 2023 to take over the fashion division of Apollo Green Energy Limited as a going concern. The transfer took effect from 1 June 2024 under a Business Transfer Agreement dated 9 July 2024. Because of this, the FY25 numbers are the first full year of the business inside this company.
In FY25, AFIL reported revenue from operations of ₹18,243.58 lakh and a net profit of ₹1,307.27 lakh. The year-end balance sheet showed total assets of ₹14,919.70 lakh and total equity of ₹4,957.18 lakh. Cash generated from operating activities was ₹1,326.66 lakh. These are figures from the FY25 annual report, which the company publishes on its own website.
As on 31 March 2025, the company had 29,765,210 equity shares of ₹10 each. Apollo Green Energy Limited held 37.52% after receiving shares for the business transfer. Kanwar Family Administrative Services Private Limited held 8.67%, Mr. Raaja Kanwar 5.16% and Mrs. Kamayani Singh Kanwar 4.03%. Mr. Raaja Kanwar is the Chairman of the company.
AFIL is an unlisted public company and has not yet listed on a stock exchange. Its shares trade off-market through dealers at indicative prices, which can differ from any price at which the shares may later list. IPO Guru shows an indicative price of ₹44 per share with a lot size of 1000 shares. This is information, not a recommendation to buy or sell.
Strengths
- Revenue from operations was ₹18,243.58 lakh in FY25 and the company reported a net profit of ₹1,307.27 lakh, so the business was profitable in its first full year after the transfer.
- The company generated ₹1,326.66 lakh of cash from operating activities in FY25, close to its reported profit of ₹1,307.27 lakh.
- It runs separate factories for footwear and for leather garments and accessories in Noida, so each unit is set up for its own product type.
- It sells to buyers in the US, UK, Canada, Europe and India and makes under the customer's own label, which keeps design and brand risk with the buyer.
- Total equity rose to ₹4,957.18 lakh at 31 March 2025 as the company issued shares and retained its FY25 profit.
- The board includes the Chairman Mr. Raaja Kanwar and two independent directors, Mr. Sunil Agrawal and Mr. Ravikant Umakant Mishra.
Risks
- Borrowings were large against equity. Current borrowings were ₹6,365.75 lakh at 31 March 2025, against total equity of ₹4,957.18 lakh.
- Finance cost rose to ₹508.02 lakh in FY25 from ₹190.29 lakh in the earlier period, which takes a bigger share of operating profit.
- Trade receivables rose to ₹4,675.37 lakh at 31 March 2025 from ₹2,171.19 lakh a year earlier, so a delay in customer payments would hit cash.
- Inventories of ₹4,857.72 lakh tie up a lot of money, and leather prices and fashion trends can change quickly.
- The business history inside this company is short. It was incorporated in September 2023 and the fashion division moved to it only from 1 June 2024, so earlier years are not directly comparable.
- Some export sales were made in the name of Apollo Green Energy Limited, which is also its largest shareholder, so the company depends on related-party arrangements.
- Revenue comes mainly from exports, so currency moves and the rules of overseas markets can affect margins.
- The company is unlisted. There is no exchange price, trading volume can be thin, and the indicative price may differ from any later listing price.
Financials
Apollo Fashion International financial performance
Revenue, profit and balance-sheet figures by fiscal year.
Revenue & PAT (₹ Cr)
Revenue
PAT
| Metric | FY25Latest |
|---|---|
| Revenue (₹ Cr) | 182 |
| PAT (₹ Cr) | 13.07 |
| PAT Margin (%) | 7.16 |
| RoNW (%) | 26.37 |
| EPS (₹) | 6.65 |
| Total Assets (₹ Cr) | 149 |
| Net Worth (₹ Cr) | 49.57 |
Swipe the table sideways for earlier years →
Leadership
Management team
Raaja Kanwar
Chairman
Chairman of the board and a promoter shareholder.
Shiraz Askari
Whole Time Director
Whole Time Director on the board.
Zefaan OS Kanwar
Director
Non-independent director on the board.
Sunil Agrawal
Independent Director
Independent director on the board.
Ravikant Umakant Mishra
Independent Director
Independent director on the board.
Rupesh Singhal
Chief Financial Officer
Chief Financial Officer of the company.
Neha Arora
Company Secretary
Company Secretary of the company.
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Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
