Business description – Avon Moldplast has been engaged in manufacturing of plastic molded furniture under the brand name of “AVON” since 2002. The company’s product portfolio includes Molded Chairs, Molded Stools, Molded Tables, Molded Baby Chairs and Baby Desks. The company has a fully functional manufacturing facility located at A-7/36-39, South of G.T. Road Industrial Area, Electrosteel Casting Compound, Ghaziabad 201009, Uttar Pradesh. The said facility also houses the Registered and Corporate Office of the company.
Promoters of Avon Moldplast – Mr Sushil Kumar Aggarwal, Mrs Anita Aggarwal and Mr Sahil Aggarwal
| Avon Moldplast IPO details | |
| Subscription Dates | 12 – 18 July 2018 |
| IPO Price band | INR51 per share |
| Fresh issue | 884,000 shares (INR4.51 crore) |
| Offer for sale | Nil |
| Total IPO size | 884,000 shares (INR4.51 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- To acquire additional molds of chair, cupboard, table etc. at the existing manufacturing facilities – INR2.06 crore
- To meet the incremental working capital requirements – INR1.50 crore
- General corporate purpose – INR0.60 crore
- Offer related Expenses – INR0.35 crore
| Avon Moldplast’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 10M FY2018 | |
| Total revenue | 607.5 | 617.6 | 804.0 | 999.8 | 1,385.1 | 1,892.4 |
| Total expenses | 606.9 | 613.0 | 798.7 | 990.3 | 1,370.8 | 1,799.4 |
| Profit after tax | 0.3 | 4.9 | 3.7 | 5.6 | 10.0 | 69.3 |
Avon Moldplast’s Contact Details
Avon Moldplast Limited
A-7/36-39, South of G. T. Road Industrial Area
Electrosteel Casting Compound
Ghaziabad – 201 009
Phone: +91 120-4376091
Email: [email protected]
Website: www.avonmpl.com
Avon Moldplast IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.28 |
| Day 2 | 0.50 |
| Day 3 | 0.80 |
| Day 4 | 1.09 |
| Day 5 | 1.31 |
Avon Moldplast Valuation (Latest FY)
Earnings Per Share (EPS): INR1.11
Price/Earnings (P/E) ratio: 23.42
Return on Net Worth (RONW): 8.60%
Net Asset Value (NAV): INR12.92 per share
Registrar of Avon Moldplast IPO
MAS Services Limited
T-34, 2nd Floor
Okhla Industrial Area, Phase – II
New Delhi – 110020
Phone: +91 11 2638 7281
Fax: +91 11 2638 7384
Email: [email protected]
Website: http://www.masserv.com
Avon Moldplast IPO Allotment Status
Avon Moldplast IPO allotment status is now available on MAS Services’ website. Click on this link to get allotment status.
Listing performance of Avon Moldplast
IPO Opening Date: 12 July 2018
IPO Closing Date: 18 July 2018
Listing Date: 26 July 2018
Listing Price on NSE SME: INR52 per share (up 1.96% from IPO price)
Closing Price on NSE SME: INR54 per share (up 5.88% from IPO price)
