Avon Moldplast IPO is set to make its debut on 12 July 18 with 4.51 Cr is a company engaged in manufacturing of quality plastic molded furniture.
Avon Moldplast IPO – overview
| IPO Dates | 12-18 July 18 |
| IPO Price | INR 51 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 884,000 shares (INR 4.51 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 1996, Uttar Pradesh based Avon Moldplast Limited is a company engaged in manufacturing of quality plastic molded furniture under the brand name of “AVON”.
The Company’s Product Portfolio includes Molded Chairs, Molded Stools, Molded Tables, Molded Baby Chairs and Baby Desks. It has a fully functional manufacturing facility located Ghaziabad, Uttar Pradesh.
The products manufactured by the company are supplied to its distributor network spread PAN India, from where it is sold into the retail market. It has a long-standing and established network of more than 100 distributors, who further have a well-established retail network which roughly works out to 10,000 direct selling agents.
Objects of the Issue
1.To acquire additional molds of chairs, cupboards, tables etc., at the existing manufacturing facilities of our Company
2. To meet the incremental working capital requirements
3. General Corporate Purpose.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 120,301,979 | 101,884,836 | 80,429,705 |
| Total Revenue | 189,244,030 | 138,506,251 | 99,979,236 |
| Profit After Tax | 6,932,735 | 996,751 | 555,158 |
Company Contact Information
Avon Moldplast Limited
A-7/36-39, South of G. T. Road Industrial Area,
Electrosteel Casting Compound
Ghaziabad 201009,
Phone: +91-120-4376091
Email: cs@avonmpl.com
Website: http://www.avonmpl.com/
Avon Moldplast IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com
Avon Moldplast IPO Lead Manager(s)
- Turnaround Corporate Advisors Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
