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IPO Synopsis  
Avro India Ltd
Registered Office: [ A-7/36-39South ofGT Rod IndlAr , Electrosteel Casting Compound , Ghaziabad - 201009 , Uttar Pradesh , India.
                                  Phone:91-120-4376091   Fax:
                                  Email: cs@avrofurniture.com  
                                  Website: www.avrofurniture.com
Public issue of 884,000 equity shares of face value of Rs10 each ("equity shares") of Avon Moldplast Limited (the "company") for cash at a price of Rs51 per equity share (including a share premium of Rs41 per equity share) (the "issue price"), aggregating to Rs4.51 Crores ("the issue"), of which 46,000 equity shares of face value of Rs10 each for cash at a price of Rs51 per equity share, aggregating to Rs0.24 Crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion i.e. issue of 838,000 equity shares of face value of Rs10 each for cash at a price of Rs51 per equity share, aggregating to Rs4.27 Crores is hereinafter referred to as the "net issue". The issue and the net issue will constitute 27.17% and 25.75% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs10 each and the issue price of Rs51 is 5.10 times of the face value of the equity shares.
 
Issue Money Payable On
Opens On Closes On Application Allotment
12-Jul-18 18-Jul-18 Rs 51.00-0.00 Rs 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
 
  Rs Cr Lead Managers to the Issue
Project Cost 4.51 Turnaround Corporate Advisors Pvt Ltd
Project Financed through Current Offer 4.51  
Post Issue Equity Share Capital 3.25  
Issue Price Rs.51.00  
 
Projects
To Acquire additional mold of Chair, Cupboard, Table, etc. at the existing manufacture facilities of the company  To Meet the incremental Working Capital Requirements 
General Corporate Purpose 
 
Promoted By
Sushil Kumar Aggarwal 
Anita Aggarwal 
Sahil Aggarwal 
Listing At
NSE - SME 
Registrar to the Issue
No Data Found.
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