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AVSL Industries IPO is a fixed price issue of ₹5.18 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹5.18 crore.
AVSL Industries IPO bidding started from Sep 15, 2016 and ended on Sep 28, 2016. The shares got listed on NSE SME on Oct 6, 2016.
AVSL Industries IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to AVSL Industries IPO RHP for detailed Information.
| IPO Date | September 15, 2016 to September 28, 2016 |
| Listing Date | October 6, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,40,000 shares (aggregating up to ₹5.18 Cr) |
| Reserved for Market Maker | 78,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.2808 Cr) |
| Net Offered to Public | 13,62,000 shares (aggregating up to ₹4.90 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 38,91,120 shares |
| Share Holding Post Issue | 53,31,120 shares |
AVSL Industries IPO offers total 14,40,000 shares. Out of which 6,81,000 (47.29%) allocated to NII, 6,81,000 (47.29%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.42%) |
| NII (HNI) Shares Offered | 6,81,000 (47.29%) |
| Retail Shares Offered | 6,81,000 (47.29%) |
| Total Shares Offered | 14,40,000 (100.00%) |
AVSL Industries IPO opens on September 15, 2016, and closes on September 28, 2016.
| IPO Open Date | Thu, Sep 15, 2016 |
| IPO Close Date | Wed, Sep 28, 2016 |
| Tentative Listing Date | Thu, Oct 6, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 28, 2016 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2003, AVSL Industries Limited is engaged in the manufacturing of PVC Products which include 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 Import/Export 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.
The Company AVSL Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirements | 4.82 |
| 2 | Issue Expenses | 0.36 |
[Dilip Davda] <p>Considering exorbitant pricing, one may give it a miss.</p> Read detail review...
| Listing Date | October 6, 2016 |
| BSE Script Code | |
| NSE Symbol | AVSL |
| ISIN | INE522V01011 |
| Final Issue Price | ₹36 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹38.00 |
| Low | ₹36.00 |
| High | ₹38.00 |
| Last Trade | ₹36.00 |
AVSL Industries Ltd.
C-611-612,
DSIDC Industrial Area,
Narela,
New Delhi, New Delhi, 110040
Phone: +91 11 45611234
Email: avsl_pvc@yahoo.co.in
Website: http://www.avsl.co.in
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
AVSL Industries IPO is a SME IPO of 14,40,000 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.
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.
Zerodha customers can apply online in AVSL Industries IPO using UPI as a payment gateway. Zerodha customers can apply in AVSL Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AVSL Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AVSL Industries IPO opens on September 15, 2016 and closes on September 28, 2016.
AVSL Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in AVSL Industries 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 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 Thursday, October 6, 2016.
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