Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Thu, Jul 12, 2018 - Wed, Jul 18, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jul 12, 2018
IPO Close
Wed, Jul 18, 2018
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹16.60 Cr
| IPO Date | 12 to 18 Jul, 2018 |
| Listed on | Thu, Jul 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 8,84,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 46,000 shares K.K.Securities Ltd. (agg. up to ₹0.2346 Cr) |
| Fresh Issue (Ex Market Maker) | 8,38,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 8,38,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 23,70,000 shares |
| Share Holding Post Issue | 32,54,000 shares |
| NSE Symbol | AVROIND |
| ISIN | INE652Z01017 |
Avon Moldplast IPO comprises a total issue size of 8,84,000 shares. The net offer to the public is 8,38,000 shares, after excluding 46,000 shares allotted on a firm basis. Of the Net offer 4,19,000 (50.00%) allocated to NII 4,19,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,19,000 | 50.00% | 47.40% |
| Retail Shares Offered | 4,19,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 46,000 | 5.20% | |
| Total Shares Offered | 8,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To acquire additional molds of chair, cupboard, table etc. at the existing manufacturing facilities of our Company located at A-7/36-39, South of G. T. Road Industrial Area, Electrosteel Casting Compound, Ghaziabad 201009, Uttar Pradesh | 2.12 |
| 2 | To meet the incremental working capital requirements | 1.50 |
| 3 | General Corporate Purpose | 0.60 |
The Avon Moldplast IPO is subscribed 1.38 times on July 18, 2018 5:00:00 PM (Day 5). The public issue subscribed 0.4 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.24 | 4,19,000 | 9,40,000 |
| Retail | 0.4 | 4,19,000 | 1,68,000 |
| Total | 1.38 | 8,38,000 | 11,58,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker, market making fees, selling commissions, Underwriting, SCSB commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers, etc., Advisor to the Company and other out of pocket expenses | 0.29 |
| 2 | Advertisement and Marketing expenses | 0.03 |
| 3 | Printing and Stationery (including courier and transportation charges) | 0.02 |
| 4 | Others (Processing fees, listing fee, Corporate Action charges etc) | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹52.00 |
| Low | ₹49.50 |
| High | ₹51.50 |
| Last Trade | ₹51.65 |
Lead Manager Reports
Avon Moldplast IPO is a SME IPO of 8,84,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jul 12, 2018, and closes on Wed, Jul 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 Thu, Jul 12, 2018 and closes on Wed, Jul 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 Thu, Jul 26, 2018.
