Ongoing SME IPO_Avon Moldplast Limited IPO

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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:

 

  1. To acquire additional molds of chair, cupboard, table etc., at the existing manufacturing facilities of our Company
  2. To meet the incremental working capital requirements
  3. 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:

  1. Mr. Sushil Kumar Aggarwal;
  2. Mrs. Anita Aggarwal; and
  3. 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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