Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Avon Moldplast IPO is a fixed price issue of ₹4.51 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹4.51 crore.
Avon Moldplast IPO bidding started from Jul 12, 2018 and ended on Jul 18, 2018. The shares got listed on NSE SME on Jul 26, 2018.
Avon Moldplast IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Turnaround Corporate Advisors Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is K.K.Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,84,000 shares (aggregating up to ₹4.51 Cr) |
| Reserved for Market Maker | 46,000 shares K.K.Securities Ltd. (aggregating up to ₹0.2346 Cr) |
| Net Offered to Public | 8,38,000 shares (aggregating up to ₹4.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 23,70,000 shares |
| Share Holding Post Issue | 32,54,000 shares |
Avon Moldplast IPO offers total 8,84,000 shares. Out of which 4,19,000 (47.40%) allocated to NII, 4,19,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 46,000 (5.20%) |
| NII (HNI) Shares Offered | 4,19,000 (47.40%) |
| Retail Shares Offered | 4,19,000 (47.40%) |
| Total Shares Offered | 8,84,000 (100.00%) |
Avon Moldplast IPO opens on July 12, 2018, and closes on July 18, 2018.
| IPO Open Date | Thu, Jul 12, 2018 |
| IPO Close Date | Wed, Jul 18, 2018 |
| Tentative Listing Date | Thu, Jul 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 18, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
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] <p>Considering poor financial track record and aggressive pricing, Investors may give this issue a miss.</p> Read detail review...
| Listing Date | July 26, 2018 |
| BSE Script Code | |
| NSE Symbol | AVROIND |
| ISIN | INE652Z01017 |
| Final Issue Price | ₹51 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹52.00 |
| Low | ₹49.50 |
| High | ₹51.50 |
| Last Trade | ₹51.65 |
Avon Moldplast Ltd.
A-7/36-39, South of G. T. Road Industrial Area,
Electrosteel Casting Compound
Ghaziabad 201009,
Ghaziabad, Uttar Pradesh
Phone: +91-120-4376091
Email: cs@avonmpl.com
Website: http://www.avonmpl.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Avon Moldplast IPO is a SME IPO of 8,84,000 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.
The IPO opens on July 12, 2018, and closes on July 18, 2018.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Avon Moldplast IPO using UPI as a payment gateway. Zerodha customers can apply in Avon Moldplast IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avon Moldplast IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Avon Moldplast IPO opens on July 12, 2018 and closes on July 18, 2018.
Avon Moldplast IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Avon Moldplast IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Avon Moldplast IPO listing date is on Thursday, July 26, 2018.
Useful Articles
RHP