Fixed Price IPO | ₹14 Cr | Listed at BSE | Mon, Jun 9, 2008 - Thu, Jun 12, 2008
Avon Weighing Systems IPO is a fixed price issue of ₹13.73 crores. The issue is entirely a fresh issue of 1.37 crore shares of ₹13.73 crore.
Avon Weighing Systems IPO bidding started from Jun 9, 2008 and ended on Jun 12, 2008. The shares got listed on BSE on Jul 3, 2008.
Avon Weighing Systems IPO price is ₹10 per share.
Keynote Financial Services Ltd. is the book running lead manager and Datamatics Business Soultions Ltd. is the registrar of the issue.
Refer to Avon Weighing Systems IPO RHP for detailed Information.
IPO Open
Mon, Jun 9, 2008
IPO Close
Thu, Jun 12, 2008
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹16.58 Cr
| IPO Date | 9 to 12 Jun, 2008 |
| Listed on | Thu, Jul 3, 2008 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 1,37,33,033 shares (agg. up to ₹14 Cr) |
| Reserved for Private Promoter | 38,96,633 shares (agg. up to ₹4 Cr) |
| Fresh Issue | 98,36,400 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 98,36,400 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 28,47,284 shares |
| Share Holding Post Issue | 1,65,80,317 shares |
| BSE Script Code | 532995 |
| ISIN | INE207I01016 |
Avon Weighing Systems IPO comprises a total issue size of 98,36,400 shares. The net offer to the public is 59,39,767 shares, after excluding 38,96,633 shares allotted on a firm basis. Of the Net offer 49,18,200 (50.00%) allocated to NII 49,18,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 49,18,200 | 50.00% | 50.00% |
| Retail Shares Offered | 49,18,200 | 50.00% | 50.00% |
| Firm Reservations | |||
| Private Promoter Shares Offered | 38,96,633 | 39.61% | |
| Total Shares Offered | 98,36,400 | 100.00% | 100.00% |
Incorporated in 1999, Avon Weighing Systems Limited engaged in the business of selling weighing systems in India. Avon is classified as a small-scale industry. Avon is the authorised dealer and one of the distributors of A&D and Tanita’s weighing systems in India.
A&D is the third largest manufacturer of weighing systems in the world and they manufactures Analytical balances, Precision industrial balances, Moisture meters, Laboratory balances, Jewellery scales, Table top balances, Platform scales, Compact scales, Load cells, Weighing indicators and Viscosity meter etc. TANITA Corporation is one of the largest manufacturers for personal weighing scales, Mechanical/Digital bathroom & body fat monitor/scales, digital baby scale, professional fitness products - body composition analyzers/scales, etc.
Currently, they have manufacturing plant in Baddi (H.P.) where Avon manufactures the compact scales, platform scales, weighbridge & Tablet Calculation Systems- Auto Feeders with SQC software. They are mainly focusing into the industries like jewellery, Fitness centers, Hospitals, Clinics, Hotels & Shopping Malls.
Avon's clients are:
1. Sports Fuel
2. Larsen & Toubro Limited
3. Pantaloon Retail (India) Ltd
4. Rusan Pharma Ltd
5. Glenmark Pharmaceuticals Ltd
6. Godrej Industries Ltd
7. Reliance Life Sciences Pvt Ltd, etc.
| 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 | Land and buildings & other Assets | 4.65 |
| 2 | Machineries | 3.40 |
| 3 | Dies | 0.80 |
| 4 | Technical collaboration fees to Tanita, Japan | 1.00 |
| 5 | Furniture and Fixtures at factory, corporate office and showrooms | 0.40 |
| 6 | Computers and software and Iweb systems | 0.70 |
| 7 | Contingency Provision | 0.85 |
| 8 | Working capital | 4.50 |
| KPI | |
|---|---|
| RoNW | 31.93% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 40.67% |
| Market Cap | ₹16.58 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees , Legal Advisor Fees , Registrar Fees and Broker Fees | 0.34 |
| 2 | Printing expenses, postage, dispatch expenses, advertisement & publicity expenses | 0.29 |
| 3 | SEBI Fees, Listing Fees and Other Expenses | 0.31 |
| 4 | IPO Grading Agency fee | 0.03 |
| 5 | Project Appraisal and Loan Processing Fees | 0.03 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹13.90 |
| Low | ₹11.35 |
| High | ₹20.00 |
| Last Trade | ₹11.90 |
Datamatics Business Soultions Ltd.
Lead Manager Reports
Avon Weighing Systems IPO is a main-board IPO of 1,37,33,033 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹10 per share. The minimum order quantity is .
The IPO opens on Mon, Jun 9, 2008, and closes on Thu, Jun 12, 2008.
Datamatics Business Soultions Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Avon Weighing Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Avon Weighing Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avon Weighing Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Avon Weighing Systems IPO opens on Mon, Jun 9, 2008 and closes on Thu, Jun 12, 2008.
Avon Weighing Systems IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Avon Weighing Systems 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 Weighing Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Avon Weighing Systems IPO allotment status.
The Avon Weighing Systems IPO listing date is on Thu, Jul 3, 2008.
