Incorporated in 1969, Aries Agro Limited is in the business of manufacturing of micronutrients and other nutritional products for plants and animals.
Aries Agro Limited have wide range of products spread across 5 main categories namely, Multi-micro nutrient fertilizers, Chelated micro nutrient fertilizers, Specialty soluble fertilizers, Anti-bacterial products for agricultural use and Nutritional products for animals. These categories can be grouped under 3 segments namely, plant nutrients, insecticides and veterinary products.
Aries Agro Limited manufacturing facilities are located at Bangalore, Mumbai, Hyderabad and Kolkata. They have distribution network with 25 branches spread across all over India. Aries Agro Limited have been awarded with Quality Management System Standard ISO 9001:2000 from Kvalitet Veritas Quality Assurance.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Setting up of new manufacturing units at Ahmedabad, Lucknow, Hyderabad and an additional unit in Maharashtra;
2. To purchase Plant & Machinery at existing Factory in Mumbai;
3. For Capital expenditure on Mobile marketing;
4. Investment in Golden Harvest Middle East (FZC), UAE;
5. To meet General Corporate Expenses;
6. To meet the long term working capital requirements of the Company.
»» Issue Open: Dec 14, 2007 - Dec 19, 2007
»» Issue Type: Book Built Issue IPO
»» Issue Size: 4,500,000 Equity Shares of Rs 10 aggregating up to Rs 58.50 Cr
»» Face Value: 10
»» Issue Price: Rs. 120 - Rs. 130 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Dec 14, 2007 17:00 IST||0.0000||0.0000||0.0098||0.0000|
|Day 2 - Dec 17, 2007 17:00 IST||0.5779||2.0367||0.2089||0.6700|
|Day 3 - Dec 18, 2007 17:00 IST||0.8819||2.3730||0.4610||0.9600|
|Day 4 - Dec 19, 2007 17:00 IST||8.1593||8.5096||6.4640||7.6200|
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