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AVSL Industries Limited IPO (AVSL Industries IPO) Detail

September 15, 2016 - September 28, 2016

AVSL Industries IPO is a fixed price issue of Rs 5.18 crores.

AVSL Industries IPO bidding started from September 15, 2016 and ended on September 28, 2016. The shares got listed on NSE SME on October 6, 2016.

AVSL Industries IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Sarthi Capital Advisors Private Limited is the book running lead manager of the AVSL Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to AVSL Industries IPO RHP for detailed information.

AVSL Industries IPO Details

IPO Date September 15, 2016 to September 28, 2016
Listing Date October 6, 2016
Face Value ₹10 per share
Price ₹36 per share
Lot Size 3000 Shares
Total Issue Size1,440,000 shares
(aggregating up to ₹5.18 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue3,891,120
Share holding post issue5,331,120

AVSL Industries IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000
Lot Size Calculator

About AVSL Industries Limited

Incorporated in 2003, AVSL Industries Limited is engaged in manufacturing of PVC Products which includes PVC Compound, HDPE/LDPE Compound, PVC Filler, and HDPE/LDPE Tape etc. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.These products are raw material for HT/ LT Power Cables, Telecom Cables and PVC Pipes and Fittings. They also Imports/Exports of Agro based commodities such as Pulses, Food Grains, Red Kidney Beans, Black Eye Beans ,Green Moong Beans and White Kidney Beans. AVSL also supply best quality Cloves, Cloves Stem , Coriander , Raw Cashew-nut Shells.

They are also engaged in exports of Non Basmati Rice. Visit chittorgarh.com for more detail.At present company mainly exports non- basmati rice and wheat flour to Madagascar and planning to explore the same to Ivory Coast, Comoros and Turkey. Company also imports clove, clove stems, cow peas, black eyed beans, bamboo beans, moong beans, raw cashew nuts etc from Madagascar, Ivory Coast and Comoros. Company main import and export is done with Madagascar.

Objects of the Issue (AVSL Industries IPO Objectives)

The objects of the Issue are:

1. To meet the working capital requirements of the Company;
2. Issue Expenses.

AVSL Industries IPO Review (Avoid)

[Dilip Davda]  

Considering exorbitant pricing, one may give it a miss.

Read detail review...

AVSL Industries IPO Prospectus

AVSL Industries IPO Rating

19
1.9
Rating:Rated 1.9 stars
Vote Here ...

AVSL Industries IPO Listing Details

Listing Date October 6, 2016
BSE Script Code
NSE Symbol AVSL
ISIN INE522V01011
Final Issue Price ₹36 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹36.00
₹38.00
₹36.00
₹38.00
₹36.00

Check IPO Performance…

AVSL Industries Limited Contact Details

AVSL Industries Limited
C-611-612,
DSIDC Industrial Area,
Narela, New Delhi
Phone: +91 11 45611234
Email: avsl_pvc@yahoo.co.in
Website: http://www.avsl.co.in

AVSL Industries IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

AVSL Industries IPO - Buy or Not

AVSL Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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AVSL Industries IPO FAQs

AVSL Industries IPO is a SME IPO of 1,440,000 equity shares of the face value of ₹10 aggregating up to ₹5.18 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 15, 2016, and closes on September 28, 2016.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The AVSL Industries IPO opens on September 15, 2016 and closes on September 28, 2016.

AVSL Industries IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.

You can apply in AVSL Industries 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 AVSL Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the AVSL Industries IPO allotment status.

The AVSL Industries IPO listing date is on October 6, 2016.
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AVSL Industries IPO Message Board

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15 Comments

13. deepak SSKI |   Link |  Bookmark |October 18, 2016 11:13:24 AM
Anybody tracking avsl industries. I struck on ipo price @ 36
12. STOCKT |   Link |  Bookmark |September 29, 2016 12:35:04 AM
lower circuit day 1
11. STOCKT |   Link |  Bookmark |September 28, 2016 2:25:40 AM
SARTHI BOTH SME BOMBED TODAY.

THIS ONE ALSO SHOULD BE CRASHING HITTING LOWER 20 PC CIRCUIT.
10. Ganesh Rajput |   Link |  Bookmark |September 21, 2016 10:12:33 AM
I not know this IPO . please write details.
9. Ganesh Rajput |   Link |  Bookmark |September 21, 2016 10:11:26 AM
I not know this IPO . please write details.
8. Durairaj,Tiruppur |   Link |  Bookmark |September 20, 2016 12:01:54 AM (300+ Posts)
Few points from DRHP...
1. Book Value of the shares as on 31.03.2016 is Rs.15.66
2. Average cost of Acquisation by Promoters is Rs.0.44 per share
2. Average Capacity utilisation for the 3 years has not even crossed 50%
3. Company was incorporates as a private ltd in 2003 with the name of Udhav Fashion
Apparels Private Limited
4. Company inviolved in the Manufacturing and trading. It has plants for producing raw material for Power Cable at Narela, Delhi and Halol, Gujarat and also have office at Netaji
Subhash Place, Delhi for trading.
5. Commenced its operations of manufacturing of PVC products in the year 2009
6. started Export and Import of Agro
based commodities such as Rice, Wheat Flour, Pulses, Spices, Food Grains and Dry Fruits in the year 2015 from our office at Netaji Subhash Place, Delhi.
Negative cashflow for the year ended March 2016 is too high and receviables as on March 2016 is almost 1/3rd of its sales seems to be not a good sign....
8.1. DK GOYAL |   Link |  Bookmark |September 23, 2016 5:28:11 PM
Good Analysis.....nd very good judge....
Thanks
7. STOCKT |   Link |  Bookmark |September 18, 2016 4:08:05 PM
also do remember 7 out of 8 sme are now at discount . this is another one in line.
6. STOCKT |   Link |  Bookmark |September 18, 2016 4:08:04 PM
also do remember 7 out of 8 sme are now at discount . this is another one in line.
5. atul |   Link |  Bookmark |September 16, 2016 10:52:55 PM (300+ Posts)
They are super loot.do not fall in prey
5.1. DURAISWAMY |   Link |  Bookmark |September 17, 2016 8:26:13 AM
I AGREE
4. DURAI GOUNDER |   Link |  Bookmark |September 16, 2016 11:43:33 AM
Amsons and funny SoftWARE TRADING BELOW ITS ISSUE PRICE BEWARE OF SME IPOS. MY AMOUNT 2.4 LAKHS TRAPPED. I DID NOT FIND WAYS TO ESCAPE . I AM SHARING MY REAL EXPERIENCE. PLEASE DO NOT APPLY
3. STOCKT |   Link |  Bookmark |September 16, 2016 12:18:15 AM
CRAP COMPANY HAVE ONLY 3 THOUSAND RS PROFIT. ALSO SALES ARE TOO LOW.

DONT WATSE UR HARD EARNED MONEY IN CRAP.

TEACH GREEDY PROMOTERS A LESSON AND NOT TO COME UP WITH ANY SME IPO

LOOKING AT THE WAY RECENT SME HAVE PERFORMED LETS BOYCOTT ALL SME.

INSTEAD YOU CAN LOOK FOR SECONDARY MARKET SME

THERE ARE QUITE A GOOD ONES LIKE AMBITION MICA, LANCER CONTAINERS,FOURTH DIMENSION, HITECH PIPE, HEC INFRA,LOYAL EQUIPMENT, JIYA ECOPRODUCTS. BUY THESE SME THEY WILL DOUBLE FROM HERE ON AND ARE STILL VAIABLE AT VERY CHEAP PRICE
2. UMESH PANDYA |   Link |  Bookmark |September 15, 2016 1:58:07 PM
How NSE is allowing premium ?
1. Sultan Mirza |   Link |  Bookmark |September 15, 2016 11:40:17 AM
https://www.nseindia.com/marketinfo/ipochart/ipochartSME.jsp?issue=AVSLEQ&ir=I&cn=C&sd=D&cnlink=N