The Avon Moldplast date has been confirmed from July 12, 2018 and ended on July 18, 2018.
Avon Moldplast Developers IPO is a fixed price issue of Rs 4.51 crores. The price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
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Bidding Dates
July 12-18
Price Range
₹51 per share
Face Value
₹10 per share
GMP
₹115.90
Avon Moldplast IPO GMP
The Avon Moldplast IPO GMP is ₹115.90.
IPO Overview
The Avon Moldplast IPO has a fixed price of Rs 4.51 crore. Bidding for the Avon Moldplast IPO began on July 12, 2018 and finished on July 18, 2018. On July 26, 2018, the shares were listed on the NSE SME. The IPO price for Avon Moldplast is 51 cents per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000.
It has a long-standing and established network of more than 100 distributors, who in turn have a well-established retail network of around 10,000 direct selling agents.
Avon Moldplast IPO Details
| IPO Date | July 12, 2018 to July 18, 2018 |
| Listing Date | July 26, 2018 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 884,000 shares (aggregating up to ₹4.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 46,000 shares |
Avon Moldplast Company Financials
| Particulars | For the year/period ended (in Rs.) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 120,301,979 | 101,884,836 | 80,429,705 | 67,795,401 | 47,997,018 | 45,409,170 |
| Total Revenue | 189,244,030 | 138,506,251 | 99,979,236 | 80,397,967 | 61,757,249 | 60,746,589 |
| Profit After Tax | 6,932,735 | 996,751 | 555,158 | 365,599 | 489,218 | 27,157 |
Avon Moldplast IPO Listing Details
| Listing Date | July 26, 2018 |
| BSE Script Code | |
| NSE Symbol | AVROIND |
| ISIN | INE652Z01017 |
| Final Issue Price | ₹51 per share |
Company Profile
Avon Moldplast Limited, situated in Uttar Pradesh, was founded in 1996 and is a manufacturer of premium plastic moulded furniture under the brand name “AVON.” Moulded Chairs, Moulded Stools, Moulded Tables, Moulded Baby Chairs, and Baby Desks are among the products offered by the company. It operates a fully operational manufacturing factory in Ghaziabad, Uttar Pradesh. The company’s products are delivered to its distributor network across India, from where they are sold in the retail sector.
Registrar Info
| Name | Mas Services Limited |
| Phone number | (011) 2610 4142 |
| Email ID | info@masserv.com |
| Website | masserv.com |
Contact Details
| Name | Avon Moldplast Limited |
| Phone number | +91-120-4376091 |
| Email ID | cs@avonmpl.com |
| Website | avonmpl.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
