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IPO

IPO Details


Avro India Ltd
Registered Office: A-7/36-39South ofGT Rod IndlAr, Electrosteel Casting Compound, Ghaziabad - 201009, Uttar Pradesh
Phone: 91-120-4376091
Email: cs@avrofurniture.com
Website: www.avrofurniture.com
Public issue of 884,000 equity shares of face value of Rs. 10 each (equity shares) of Avon Moldplast Limited (the company) for cash at a price of Rs. 51 per equity share (including a share premium of Rs. 41 per equity share) (the issue price), aggregating to Rs. 4.51 Crores (the issue), of which 46,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 51 per equity share, aggregating to Rs. 0.24 Crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion i.e. issue of 838,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 51 per equity share, aggregating to Rs. 4.27 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 27.17% and 25.75% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 51 is 5.10 times of the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
12-Jul-2018 18-Jul-2018 ₹ 51.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 4.51 Turnaround Corporate Advisors Pvt Ltd
Project Financed through Current Offer 4.51
Post Issue Equity Share Capital 3.25
Issue Price ₹51.00
Projects
To Acquire additional mold of Chair, Cupboard, Table, etc. at the existing manufacture facilities of the company
To Meet the incremental Working Capital Requirements
General Corporate Purpose
Promoted By
Sushil Kumar Aggarwal
Anita Aggarwal
Sahil Aggarwal
Listing At
NSE - SME
Registrar to the Issue
Mas Services Limited

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

GLOBAL INDICES

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NASDAQ

18,013.98 440.68 (2.51%)

HANG SENG

18258.57 245.41(1.36%)