Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Thu, Sep 15, 2016 - Wed, Sep 28, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 15, 2016
IPO Close
Wed, Sep 28, 2016
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹19.19 Cr
| IPO Date | 15 to 28 Sep, 2016 |
| Listed on | Thu, Oct 6, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,40,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 78,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2808 Cr) |
| Fresh Issue (Ex Market Maker) | 13,62,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 13,62,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 38,91,120 shares |
| Share Holding Post Issue | 53,31,120 shares |
| NSE Symbol | AVSL |
| ISIN | INE522V01011 |
AVSL Industries IPO comprises a total issue size of 14,40,000 shares. The net offer to the public is 13,62,000 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 6,81,000 (50.00%) allocated to NII 6,81,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,81,000 | 50.00% | 47.29% |
| Retail Shares Offered | 6,81,000 | 50.00% | 47.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.42% | |
| Total Shares Offered | 14,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirements | 4.82 |
| 2 | Issue Expenses | 0.36 |
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 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.30 |
| 2 | Regulatory Fees & Other Expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹38.00 |
| Low | ₹36.00 |
| High | ₹38.00 |
| Last Trade | ₹36.00 |
Lead Manager Reports
AVSL Industries IPO is a SME IPO of 14,40,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 15, 2016, and closes on Wed, Sep 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 Thu, Sep 15, 2016 and closes on Wed, Sep 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 Thu, Oct 6, 2016.
