AVI Agri Business Ltd - IPO

AVI Agri Business Ltd IPO Details

Public issue of 63,04,000 equity shares of face value of Rs. 10.00 each of AVI Agri Business Limited (the company or the issuer) for cash at a price of Rs. 15.00 per equity share (including a share premium of Rs. 5.00 per equity share) (issue price) aggregating to Rs. 9.46 lakhs (the issue), of which 3,20,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 15.00 per equity share, aggregating to Rs. 0.48crores will be reserved for subscription by market maker (market maker reservation portion). The Issue less the market maker reservation portion i.e. Issue of 59,84,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 15.00 per equity share aggregating to Rs. 8.98 crores (the net issue). The issue and the net issue will constitute 26.63% and 25.27%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 each and the issue price is Rs. 15 each. The issue price is 1.5 times of the face value.

Objective of issue

To meet working capital requirement.

AVI Agri Business Ltd Contact Details

AVI Agri Business Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - legal@aviagri.com

Website - www.avgroup.co