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Avon Moldplast IPO is a fixed price issue of Rs 4.51 crores.
Avon Moldplast IPO bidding started from July 12, 2018 and ended on July 18, 2018. The shares got listed on NSE SME on July 26, 2018.
Avon Moldplast IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Turnaround Corporate Advisors Private Limited is the book running lead manager of the Avon Moldplast IPO, while Mas Services Limited is the registrar for the issue.
Refer to Avon Moldplast IPO RHP for detailed information.
| IPO Date | July 12, 2018 to July 18, 2018 |
| Listing Date | July 26, 2018 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 884,000 shares (aggregating up to ₹4.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,370,000 |
| Share holding post issue | 3,254,000 |
| Market Maker portion | 46,000 shares |
Avon Moldplast IPO offers 884,000 shares. 419,000 (47.40%) to NII, 419,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 46,000 (5.20%) |
| Other Shares Offered | 419,000 (47.40%) |
| Retail Shares Offered | 419,000 (47.40%) |
| Total Shares Offered | 884,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
Incorporated in 1996, Uttar Pradesh based Avon Moldplast Limited is a company engaged in manufacturing of quality plastic molded furniture under the brand name of "AVON".
The Company's Product Portfolio includes Molded Chairs, Molded Stools, Molded Tables, Molded Baby Chairs and Baby Desks. It has a fully functional manufacturing facility located Ghaziabad, Uttar Pradesh.
The products manufactured by the company are supplied to its distributor network spread PAN India, from where it is sold into the retail market. It has a long-standing and established network of more than 100 distributors, who further have well established retail network which roughly works out to 10,000 direct selling agents.
| Particulars | For the year/period ended (in Rs.) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 120,301,979 | 101,884,836 | 80,429,705 | 67,795,401 | 47,997,018 | 45,409,170 |
| Total Revenue | 189,244,030 | 138,506,251 | 99,979,236 | 80,397,967 | 61,757,249 | 60,746,589 |
| Profit After Tax | 6,932,735 | 996,751 | 555,158 | 365,599 | 489,218 | 27,157 |
The objects of the Issue are:
1. To acquire additional molds of chair, cupboard, table etc., at the existing manufacturing facilities of our Company
2. To meet the incremental working capital requirements
3. General Corporate Purpose
[Dilip Davda]
Considering poor financial track record and aggressive pricing, Investors may give this issue a miss.
Read detail review...The Avon Moldplast IPO is subscribed 1.38 times on July 18, 2018 5:00:00 PM. The public issue subscribed 0.40 times in the retail category, times in the QIB category, and 2.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.24 |
| Retail | 0.40 |
| Total | 1.38 |
| Listing Date | July 26, 2018 |
| BSE Script Code | |
| NSE Symbol | AVROIND |
| ISIN | INE652Z01017 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹51.00 |
| ₹52.00 |
| ₹49.50 |
| ₹51.50 |
| ₹51.65 |
Avon Moldplast Limited
A-7/36-39, South of G. T. Road Industrial Area,
Electrosteel Casting Compound
Ghaziabad 201009,
Phone: +91-120-4376091
Email: cs@avonmpl.com
Website: http://www.avonmpl.com/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
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Avon Moldplast IPO is a SME IPO of 884,000 equity shares of the face value of ₹10 aggregating up to ₹4.51 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 12, 2018, and closes on July 18, 2018.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Avon Moldplast IPO opens on July 12, 2018 and closes on July 18, 2018.
Avon Moldplast IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Avon Moldplast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Avon Moldplast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Avon Moldplast IPO allotment status.
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