Avon Weighing Systems Limited IPO Message Board (Page 4)

AVON WEigh- To-marrow this share is likely to go atleast upto
20. BRUSHMAN IND. can be watched tomarrow.

what is premium of avon

Be prepared for a Dhamakedaar listing...

I did not get allotment.... i shall buy 3500 shares if lists below Rs. 20

best of luck to all...

Avon Weighing Systems to list on July 3

After receiving an overwhelming response from investors, Avon Weighing Systems will list on the BSE with its equity shares on July 03, 2008. The issue was fixed priced issue of Rs 10 each, which subscribed 45 times.

The company engaged in the business of selling weighing systems in India had entered the capital markets on 9th June 2008 with a public issue of 1,37,33,033 Equity Shares of Rs 10 each at par aggregating to Rs 1373.30 lacs. This comprises of promoters’ contribution of 38,96,633 Equity Shares aggregating to Rs 389.66 lacs, leaving a net offer to the public of 98,36,400 Equity Shares aggregating Rs 983.64 lacs constituting 59.33% of the post issue paid-up capital of the Company.

Keynote Corporate Services Limited was the Lead Manager for the Issue and Datamatics Financial Services Limited was the Registrar to the Issue.

Avon proposed to part finance its Rs 17.30 crore plan through the net proceeds of the Issue. The plan include setting up of facility for manufacturing of a range of weighing systems, open four showrooms for display and sale of its weighing systems in Mumbai, Delhi, Chennai and Hyderabad, and purchase of additional office premises in Mumbai. The project is proposed to be funded through IPO of Rs 9.83 crores, promoters contribution of Rs 4.36 crores, internal accruals of Rs. 0.50 crore and a term loan of Rs.2.60 crores from Bank of India.

The proposed manufacturing plant will be set up at Baddi in Himachal Pradesh with technical assistance from Tanita Corporation of Japan. Avon will be able to enjoy fiscal incentives provided by the Himachal Pradesh government for setting up plant at Baddi.

All the people who are having share should not sale it on listing as i have infomation that it would reach at 30rs to 40rs on intraday high. its fundamentally strong and is fairly price.

HI, GUYS LISTING DATE STILL NOT CONFIRMED. I WISH YOUR BEST OF LUCK FOR THIS IP BECAUSE U KNOW MARKET KI TAO BAND BAJI HUI HAI. GOOD LUCK

Listing Circular realesed on B S E .
Listing is on tomorrow 3rd July

has anyone received the shares in the demat a/c.
i have not.
then how can the stock list tommorrow

Yes, Even I called to registrar and got the reply that listing is tomorrow i.e. 3rd July 2008.

I think this is a good day for listing, as markets are now bouncing-back and thus this script could catch good buying attention.

mr informer, you are giving wrong news listing is on 3-7-2008

Sorry no listing tommorrow, listing is on Monday, 7th June.
Archidply is listing on Friday, which is not good day for listing of a new company.

arre kuch to dete.......allotement mai

listing tomorrow

Hi all,

Any idea should we sell it at listing price or wait so that the price gets increased.Whats the expected price of listing.

dp id 1202940200003150

shares alloteed-Nil

I got the refund through ECS...

hey i got my money back, it did not land in my online demat , the money came back to my icici online bank account, just checked

they returened money so quickly

:( poo me , i did not get any Avon share :(

i cant see any allotment details in my r money
also
i datametric ipo allotment site not working :(

can any body tell the status of application no.356226

pls check mine too

dp id 1202940200003150