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graph-market IPO

Avro India Ltd

Registered Office: A-7/36-39South ofGT Rod IndlAr,Electrosteel Casting Compound, Ghaziabad - 201009, Uttar Pradesh, India.
Phone : 91-120-4376091   Fax:
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-18 18-Jul-18 51.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
  Rs 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

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