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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

Avon Moldplast IPO Details
Issue OpenJul 12, 2018 - Jul 18, 2018
Issue TypeFixed Price Issue IPO
Issue Size884,000 Eq Shares of Rs 10
(aggregating up to Rs 4.51 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 51 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Avon Moldplast IPO Prospectus

Avon Moldplast IPO Rating

29
3.0
Rating:Rated 3.0 stars

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Avon Moldplast IPO Listing Date

  •   ›  Listing Date: Thursday, July 26, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: AVONMPL
  •   ›  Listing In:
  •   ›  ISIN: INE652Z01017
  •   ›  Issue Price: Rs 51 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 51.00
Open:Rs 52.00
Low:Rs 49.50
High:Rs 51.50
Last Trade:Rs 51.65
Volume:10,000

Avon Moldplast IPO Reviews / Ratings

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

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19. IPOANALYSIS  Jul 26, 2018 15:52 I Like It. | Report Abuse Reply
BUYER AT 49 and seller at 54. how can trade occur
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18. IPOANALYSIS  Jul 12, 2018 14:31 I Like It. | Report Abuse Reply
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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18.1. khushbir singh  Jul 12, 2018 16:02 I Like It. | Report Abuse
Well said, appreciate your knowledge.
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18.2. IPOANALYSIS  Jul 26, 2018 10:41 I Like It. | Report Abuse
stock will follow footsteps of milestone furniture
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17. Abhishek Shahi  Jul 19, 2018 19:00 I Like It. | Report Abuse Reply
waiting for listing....
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17.1. IPOANALYSIS  Jul 26, 2018 10:39 I Like It. | Report Abuse
no one should wait for listing of such kind of issues.
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16. IPOANALYSIS  Jul 26, 2018 10:13 I Like It. | Report Abuse Reply
No buyers even at 52 rs.
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15. IPOANALYSIS  Jul 16, 2018 23:39 I Like It. | Report Abuse Reply
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
avatar
15.2. IPOANALYSIS  Jul 17, 2018 12:33 I Like It. | Report Abuse
Pick up quality names like hdfc life insurance ,varroc engineering ,mahindra logistic and Lt infotech. In some hi-tech pipe and jiya ecoproducts are good long term bets and had good correction .
avatar
15.3. Johny  Jul 17, 2018 20:18 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@IPO Analysis thank you
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14. Abhishek Shahi  Jul 17, 2018 15:00 I Like It. 1 | Report Abuse Reply
r. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      50,000
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      50,000
2      Non Institutional Investors      7,60,000
2(a)      Corporates      46,000
2(b)      Individuals(Other than RIIs)      6,88,000
2(c)      others      26,000
3      Retail Individual Investors(RIIs)      48,000
3(a)      Cut Off      0
3(b)      Price bids      48,000
Total      8,58,000
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13. IPOANALYSIS  Jul 17, 2018 14:29 I Like It. 1 | Report Abuse Reply
everyone,

I want to remind you all that checfk the LM issues which they used to price 1 year back or so .
it was so tempting and reason for giving listing gain as well as long term

just when the greedy LM started pricing issues higher they caused this mess.
if LM would have made pricing similar to earlier times it woudl have made good sentiments

dont you all think it is our duty to teach such greedy LM a lesson by not applying.

Please consider this as you will do good for quality sme to come onnly and with good price else these greedy company and LM will keep coming with new issues
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12. IPOANALYSIS  Jul 16, 2018 14:02 I Like It. | Report Abuse Reply
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.
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11. IPOANALYSIS  Jul 16, 2018 01:02 I Like It. | Report Abuse Reply
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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10. Abhishek Shahi  Jul 13, 2018 10:25 I Like It. | Report Abuse Reply
pricing seems high.
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10.2. IPOANALYSIS  Jul 13, 2018 17:21 I Like It. 1 | Report Abuse
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?
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10.3. SONMAYA  Jul 13, 2018 17:25 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
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9. IPOANALYSIS  Jul 13, 2018 15:02 I Like It. 1 | Report Abuse Reply
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.
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8. IPOANALYSIS  Jul 13, 2018 14:07 I Like It. 1 | Report Abuse Reply
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.
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7. IPOANALYSIS  Jul 13, 2018 12:09 I Like It. | Report Abuse Reply
Fair price of stock is not more than 15 rs.
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6. JAYENDRA  Jul 12, 2018 11:01 I Like It. | Report Abuse Reply
Apply or not ?
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6.1. DownriteVJ  Jul 13, 2018 10:54 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Avoid. Salary of mid level executive is higher than their profits till last year.
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6.2. Abhishek Shahi  Jul 13, 2018 11:40 I Like It. | Report Abuse
HAHA
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5. NSEIPO  Jul 10, 2018 12:17 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 I Like It. | Report Abuse Reply
Lets see the response.
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3. Abhishek Shahi  Jul 10, 2018 10:24 I Like It. | Report Abuse Reply
seems high valuation.
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2. IPOANALYSIS  Jul 9, 2018 15:01 I Like It. 3 | Report Abuse Reply
despite cooked up financial it is still looking expensive valuation . lol

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1. NSEIPO  Jul 8, 2018 15:16 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
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20.1. Mastmoula  Jul 9, 2018 13:50 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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