Avon Moldplast Limited IPO

Add to Calendar 2018-07-12 12:00 AM 2018-07-18 12:00 AM Asia/Kolkata Avon Moldplast Limited IPO Avon Moldplast Limited India

Avon Moldplast Limited was established on 1st July 1996 as ‘Nira Investments Private Limited’ as a private limited company under Companies Act 1956 by Registrar of Companies, Karnataka, at Bangalore. It is engaged in manufacturing of quality plastic molded furniture under the brand name of “AVON”. The Company has a fully functional manufacturing facility located at A-7/36-39, South of G. T. Road Industrial Area, Electrosteel Casting Compound, Ghaziabad 201009, Uttar Pradesh.

Date of Establishment: Avon Moldplast Limited was incorporated as ‘Nira Investments Private Limited’ on 1st July 1996, as a private limited company by the Registrar of Companies, Karnataka, at Bangalore. Finally, on 1st March 2018, the company was converted to a public limited company in the name of ‘Avon Moldplast Limited’ under Companies Act 1956 by the Registrar of Companies, Kanpur; after going through several changes in its name in the incorporation certificates.

Promoters of Avon Moldplast Limited: Mr Sushil Kumar Aggrawal, Mrs Anita Aggrawal and Mr Sahil Aggrawal are the promoters of Avon Moldplast Limited.

Products and Services Offering: Avon Moldplast Limited is actively engaged in the manufacturing of quality plastic molded furniture under its brand name ‘Avon’, which provides Chairs, Stools, Tables, Baby Chairs and Baby Desks among its various molded furniture categories.

Consumer Segment: Avon Moldplast Limited has diversified customer segments which is spread across the nation due to its operations are basically carried through distributor network chain systems. Some of its client lists include Kailashpati Polyplast Pvt. Ltd., Polo Enterprises Pvt. Ltd and Sethi Sales. Kanpur among others.

Objects of Avon Moldplast Limited: The main objectives of Avon Moldplast Limited are defined below:

  • - To acquire additional molds of the 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.

  • - To meet the incremental working capital requirements.

  • - General Corporate Purpose.

Company Financials:


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Issue Detail

  • Issue Open: Jul 12, 2018
  • Issue Close: Jul 18, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 51 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs. 4.51 Cr.

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 419,000 419,000 - - 838,000
Day 1 - Jul 12, 2018IST - 234000 10000 - - 244000
Day 2 - Jul 13, 2018IST - 416000 22000 - - 438000
Day 3 - Jul 13, 2018IST - 416000 22000 - - 438000
Day 4 - Jul 16, 2018IST - 670000 40000 - - 710000
Day 5 - Jul 17, 2018IST - 852000 60000 - - 962000
Day 6 - Jul 18, 2018IST - 940000 168000 - - 1158000

Listing Day Trading Information

Issue Price - Rs 51.00
Open - Rs 52.00
Low - Rs 49.50
High - Rs 51.50
Last Trade - Rs 51.65
Volume - 10,000

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