excellent ipo again demand will be so much that this stock will easily cross 50 rs on listing. imagine only 96 lakh shares with total amount less than 10 crore big hit being largest distributor in weighing system and the growth plans better buy avon from secondary market than go for birla cotsyn
ya MR. K.B its TRUE.... i have visited MONEYCONTROL.COM. and the INDUSTRY Grouth of this sector will be 20 to 25% ... its good ipo ... is me sab ko acha paisa millega..... one can also go for intraday gain....
I think the infomation given by MitZ is accurate and it TRUE. IPO is good one and would gave good listing gain. being small IPO with smalyl prize and company is also good one with previous records it will give good gain to investors.... please all investor have a look at MitZ Post.... it TRUE
I request all the readers and chittorgrah people not to allow people to display wroung infomation... plz its good ipo Its peer are Avery India who's current prize is 55rs. with 9.5P/E and eps 6rs. and avon is also going to use japanise technology for its manufac. plant at HP. I request all investors to not to panic with the wroung infomaiton ... all the best......
Please All readers plz have a look at this article.... its displayed on moneycontrol.com
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 such as exemption of payment of Central Excise duty for 10 years, 100% income tax exemption for initial 5 years and thereafter 30% for further period of 5 years, Capital investment subsidy for 6 years @15% on their investment in plant & machineries subject to a ceiling of Rs. 30 lacs, Central Sales Tax @1%, Electricity Duty exemption on captive power generated from D.G set/Hydel unit upto 31/03/2009, Price preference upto 15% for SSI. The Company has acquired land and building admeasuring 20982 sq. feet at Himuda Industrial Area, Bhatoli Kalan, Baddi, Himachal Pradesh for the proposed plant.