Business Standard

Avro India Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

4.51 cr

Price Range (₹)

51

Lot Size

2000

Min Investment (₹)

1,02,000.00

Listing Exchange

NSE - SME

Open Date

12-Jul-2018

Close Date

18-Jul-2018

Listing Date

26-Jul-2018

Avro India Ltd News

    The Shares of Avro India Ltd have now been listed.

    Avro India Ltd IPO Details

    Public issue of 884,000 equity shares of face value of Rs. 10 each (equity shares) of Avon Moldplast Limited (the company) for cash at a price of Rs. 51 per equity share (including a share premium of Rs. 41 per equity share) (the issue price), aggregating to Rs. 4.51 Crores (the issue), of which 46,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 51 per equity share, aggregating to Rs. 0.24 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 Rs. 10 each for cash at a price of Rs. 51 per equity share, aggregating to Rs. 4.27 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 Rs. 10 each and the issue price of Rs. 51 is 5.10 times of the face value of the equity shares.

    Objective of issue

    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.

    Avro India Ltd Contact Details

    Avro India Ltd, T-34 2nd Floor, Okhla Industrial Are, Phase II, New Delhi - 110020

    Phone - 91-011-26387281/83

    Fax -

    Email - cs@avrofurniture.com

    Website - www.avrofurniture.com