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Avon Moldplast Limited IPO (Avon Moldplast IPO) Detail

Jul 12, 2018 - Jul 18, 2018

Incorporated in 1996, Uttar Pradesh based Avon Moldplast Limited is a company engaged in manufacturing of quality plastic molded furniture under the brand name of "AVON".

The Company's Product Portfolio includes Molded Chairs, Molded Stools, Molded Tables, Molded Baby Chairs and Baby Desks. It has a fully functional manufacturing facility located Ghaziabad, Uttar Pradesh.

The products manufactured by the company are supplied to its distributor network spread PAN India, from where it is sold into the retail market. It has a long-standing and established network of more than 100 distributors, who further have well established retail network which roughly works out to 10,000 direct selling agents.

Company Promoters:

The Promoters of the Company are:
1. Mr. Sushil Kumar Aggarwal;
2. Mrs. Anita Aggarwal; and
3. Mr. Sahil Aggarwal

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs.)
31-Jan-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 120,301,979 101,884,836 80,429,705 67,795,401 47,997,018 45,409,170
Total Revenue 189,244,030 138,506,251 99,979,236 80,397,967 61,757,249 60,746,589
Profit After Tax 6,932,735 996,751 555,158 365,599 489,218 27,157

Objects of the Issue:

The objects of the Issue are:
1. To acquire additional molds of chair, cupboard, table etc., at the existing manufacturing facilities of our Company
2. To meet the incremental working capital requirements
3. General Corporate Purpose

Issue Detail:

  »»  Issue Open: Jul 12, 2018 - Jul 18, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 884,000 Equity Shares of Rs 10 aggregating up to Rs 4.51 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 51 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

Avon Moldplast IPO Reviews / Recommendations:

Dilip Davda - Avoid

 

Avon Moldplast IPO Subscription Status / Live Bidding Status

This section is moved. Please click 'Subscription (Live)' tab on top of the page.

 

Avon Moldplast IPO Prospectus

Avon Moldplast IPO Rating

28
3.0
Rating:Rated 3.0 stars

Vote Here ...

Avon Moldplast IPO News Alerts

  1. Wednesday, July 18, 2018 12:00:00 AM
    Avon Moldplast IPO Closes on Jul 18, 2018
  2. Thursday, July 12, 2018 12:00:00 AM
    Avon Moldplast IPO Opens on Jul 12, 2018

Company Contact Information

Avon Moldplast Limited
A-7/36-39, South of G. T. Road Industrial Area,
Electrosteel Casting Compound
Ghaziabad 201009,
Phone: +91-120-4376091
Fax:
Email: cs@avonmpl.com
Website: http://www.avonmpl.com/

Avon Moldplast IPO Registrar

MAS Services Limited   »  Report
   T - 34, 2nd Floor
   Okhla Industrial Area, Phase - II
   New Delhi - 110 020

Phone: (011) 2610 4142
Fax: (011) 2618 1081
Email: info@masserv.com
Website: http://www.masserv.com

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Avon Moldplast IPO Review / Comments

avatar
14. IPOANALYSIS  Jul 16, 2018 11:39:56 PM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
AVOID THIS

INstead start buying quality stocks from market. i think bottom in some good qulaity midcap and small cap is near and some should have sharp recovery to happen soon
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14.1. Johny  Jul 17, 2018 9:14:53 AM I Like It. | Report Abuse
Can you please suggest some good Small and Midcaps?
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13. IPOANALYSIS  Jul 16, 2018 2:02:23 PM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Remember underwriter can pay in cash to sail through issue and the broker can sell at throw away price. All those retailer who are applying get ready for huge loss.
avatar
12. IPOANALYSIS  Jul 16, 2018 1:02:08 AM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
As sais story of listing gain is over in sme.No use to apply in it and dont take a risk at all on new LM with no track record

promoters and his son are in fir big pay rises. they are receive 42 lakh out of total profit of only 70 lakh. lol

it is already operating at 81% capacity so no increase in further production
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11. Abhishek Shahi  Jul 13, 2018 10:25:57 AM I Like It. | Report Abuse Reply
pricing seems high.
avatar
11.2. IPOANALYSIS  Jul 13, 2018 5:21:06 PM I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Yes lets not discuss on this

Turnaround will have to manage with its relatives and itself,underwriter to show fake subscription
just want to know who are the lovely 10 retailer people . why cant they donate their money instead to charity?
avatar
11.3. SONMAYA  Jul 13, 2018 5:25:16 PM I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts)
Ipo analysis sir u r doing wonderful job.pl keep doing i m against those who r still trying and thinking to apply in sme in this rigid situation.of sme ipos
avatar
10. IPOANALYSIS  Jul 13, 2018 3:02:08 PM I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Everyone , look at the guts of LM to come up at such high price even though being its first issue

it seems it want this one to be its first and last issue.
avatar
9. IPOANALYSIS  Jul 13, 2018 2:07:40 PM I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
P/E of 121.

even mainline larger companies like nilkamal and supreme are below 30 p/e

this company should price it 15 rs
let the underwriter, broker themselves apply major chuck in such issues to sail through the issue.
avatar
8. IPOANALYSIS  Jul 13, 2018 12:09:30 PM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
Fair price of stock is not more than 15 rs.
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7. JAYENDRA  Jul 12, 2018 11:01:43 AM I Like It. | Report Abuse Reply
Apply or not ?
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7.1. DownriteVJ  Jul 13, 2018 10:54:07 AM I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
Avoid. Salary of mid level executive is higher than their profits till last year.
avatar
7.2. Abhishek Shahi  Jul 13, 2018 11:40:24 AM I Like It. | Report Abuse
HAHA
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6. IPOANALYSIS  Jul 12, 2018 2:31:57 PM I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
dont invest your time on such companies coming up with ipo
The first time lead manager and the quality of company does not sound good.

the business is worse and no scope of such chairs
also remember fate of milestone furniture it will follow same trend
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6.1. khushbir singh  Jul 12, 2018 4:02:35 PM I Like It. | Report Abuse
Well said, appreciate your knowledge.
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5. NSEIPO  Jul 10, 2018 12:17:37 PM I Like It. 1 | Report Abuse Reply
Highly competitive business with very thin margins. Moreover the molded Chairs craze is now almost finished. Cello & supreme has already sold lakhs of these products and now people are bore with such products.
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4. Abhishek Shahi  Jul 10, 2018 10:25:44 AM I Like It. | Report Abuse Reply
Lets see the response.
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3. Abhishek Shahi  Jul 10, 2018 10:24:44 AM I Like It. | Report Abuse Reply
seems high valuation.
avatar
2. IPOANALYSIS  Jul 9, 2018 3:01:51 PM I Like It. 3 | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
despite cooked up financial it is still looking expensive valuation . lol

avatar
1. NSEIPO  Jul 8, 2018 3:16:39 PM I Like It. 3 | Report Abuse Reply
How come the profit increses from 9.96 lakhs in the year 2017 to 69 lakhs in the year 2018.
This is magic. Also there revenue increases drastically since last year. This clearly shows that these fincancials are made for IPO. Not real
avatar
15.1. Mastmoula  Jul 9, 2018 1:50:37 PM I Like It. 3 | Report Abuse
The name of the lead manager is Turnaround Corporate Advisors Private Limited. He might have turnaround the profitability margin of the compant.
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