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.
The Promoters of the Company are:
1. Mr. Sushil Kumar Aggarwal;
2. Mrs. Anita Aggarwal; and
3. Mr. Sahil Aggarwal
|Particulars||For the year/period ended (in Rs.)|
|Profit After Tax||6,932,735||996,751||555,158||365,599||489,218||27,157|
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 Open||Jul 12, 2018 - Jul 18, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||884,000 Eq 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|
|Min Order Quantity||2000 Shares|
|Listing At||NSE SME|
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