Avon Moldplast Limited IPO
Issue Analysis :
| Issue opens | July 12, 2018 |
| Issue Closes | July 18, 2018 |
| Issue Price | Rs 51 |
| Lot Size | 2000 |
| Issue Size | 4.51 Cr |
| Lead Manager | TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED |
| Registrar | MAS SERVICES LIMITED |
| Platform | NSE |
Company’s Snapshot :
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 well established retail network which roughly works out to 10,000 direct selling agents.
Object of the Issue :
The objects of the Issue are:
- To acquire additional molds of chair, cupboard, table etc., at the existing manufacturing facilities of our Company
- To meet the incremental working capital requirements
- General Corporate Purpose
Financial Highlights :
| Summary of financial Information (Restated) | ||||||
| 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 |
Company Promoters:
The Promoters of the Company are:
- Mr. Sushil Kumar Aggarwal;
- Mrs. Anita Aggarwal; and
- Mr. Sahil Aggarwal
Contact Company 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/
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