The Avon Weighing IPO has a fixed price of Rs 9.84 crore. Bidding for the Avon Weighing IPO began on June 9, 2008 and closed on June 12, 2008. On July 3, 2008, the shares were listed on the BSE. The IPO price for Avon Weighing is $10 per share.
Avon Weighing Systems Limited, founded in 1999, is an Indian company that sells weighing systems. Avon is categorized as a small-scale industry. In India, Avon is an authorized dealer and distributor of A&D and Tanita weighing systems. A&D is the world’s third-largest manufacturer of weighing systems, producing analytical balances, precision industrial balances, moisture meters, laboratory balances, jewelry scales, tabletop balances, platform scales, compact scales, load cells, weighing indicators, and viscosity meters, among other things. TANITA
Corporation is one of the largest makers of personal weighing scales, mechanical and digital bathroom and body fat monitors and scales, digital baby scales, professional fitness equipment, body composition analyzers and scales, and so on.
Currently, they have a manufacturing plant in Baddi (H.P.), where Avon manufactures the compact scales, platform scales, weighbridge and tablet calculation systems (auto feeders) with SQC software. They are mainly focusing on industries like jewelry, fitness centers, hospitals, clinics, Hotels and shopping malls.
Avon’s clients are:
- 1. Sports Fuel
- 2. Larsen & Toubro Limited
- 3. Pantaloon Retail (India) Ltd
- 4. Rusan Pharma Ltd
- 5. Glenmark Pharmaceuticals Ltd
- 6. Godrej Industries Ltd
- 7. Reliance Life Sciences Pvt Ltd, etc.
Avon Weighing IPO Details
| IPO Date | June 9, 2008 to June 12, 2008 |
| Listing Date | July 3, 2008 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | |
| Total Issue Size | 9,836,400 shares (aggregating up to ₹9.84 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE |
Avon Weighing Company Financials
| Particulars (For the year/period ended (Rs. in lacs) | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | 31-Mar-03 |
|---|---|---|---|---|---|
| Total Income | 4017.45 | 2422.77 | 1171.22 | 823.98 | 699.43 |
| Profit After Tax (PAT) | 137.46 | 89.30 | 33.23 | 15.68 | 12.32 |
Objects of the Issue (Avon Weighing IPO Objectives)
The objects of the issue are to achieve the benefits of listing on the stock exchanges and to raise capital to:
- Setting-up a full-fledged manufacturing facility for indigenous manufacture of a particular range of weighing systems;
- Setting-up furniture and fixtures at factory, corporate offices, and showrooms;
- Setting-up computers, software and SAP systems;
- Contingency Provision;
- To meet the working capital requirement,
- To meet expenses of the Issue in order to achieve the benefits of listing on the Stock exchanges,
- General corporate purposes.
Avon Weighing IPO Listing Details
| Listing Date | July 3, 2008 |
| BSE Script Code | 532995 |
| NSE Symbol | |
| ISIN | INE207I01016 |
| Final Issue Price | ₹10 per share |
Avon Weighing Listing and Day Trading Information
| Price Details | Price Details | BSE |
|---|---|---|
| Final Issue Price | Final Issue Price | ₹10.00 |
| Open | Open | ₹13.90 |
| Low | Low | ₹11.35 |
| High | High | ₹20.00 |
| Last Trade | Last Trade | ₹11.90 |
Avon Weighing Systems Limited Contact Details
Avon Weighing Systems Limited
15, 2nd Floor, B Wing, Kamal Kunj,
S.V. Road, Irla Bridge,
Andheri (W) Mumbai 400058
Phone: +91-22-66804049
Email: [email protected]
Website: http://www.aws.co.in
Avon Weighing IPO Registrar
Datamatics Financial Services Ltd
Phone: +91-22-66712151
Email: [email protected]
Website: https://www.datamatics.com/investors/shareholder-s
Avon Weighing IPO FAQs:
Q1. What is the Avon Weighing IPO?
Ans. Avon Weighing IPO is a main-board IPO of 9,836,400 equity shares of the face value of ₹10 aggregating up to ₹9.84 Crores. The issue is priced at ₹10 per share. The IPO opens on June 9, 2008, and closes on June 12, 2008. Datamatics Financial Services Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
Q2. When Avon Weighing IPO will open?
Ans. The Avon Weighing IPO opens on June 9, 2008 and closes on June 12, 2008.
Q3. When is Avon Weighing IPO allotment?
Ans. The finalization of Basis of Allotment for Avon Weighing IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q4. When is Avon Weighing IPO listing date?
Ans. The Avon Weighing IPO listing date is on July 3, 2008.
