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 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

Avon Moldplast IPO Date Jul 12, 2018 to Jul 18, 2018
Avon Moldplast IPO Face Value ₹10 per share
Avon Moldplast IPO Price ₹51 per share
Avon Moldplast IPO Lot Size 2000 Shares
Issue Size884,000 shares of ₹10
(aggregating up to ₹4.51 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Avon Moldplast IPO Lot Size

The Avon Moldplast IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹102,000
Retail (Max) 1 2000 ₹102,000

Avon Moldplast IPO Review

Considering poor financial track record and aggressive pricing, Investors may give this issue a miss.

Read detail review...

Avon Moldplast IPO Subscription Status (Bidding Detail)

The Avon Moldplast IPO is subscribed 1.38 times on Jul 18, 2018 5:00:00 PM. The public issue subscribed 0.40 times in the retail category, times in the QIB category, and 2.24 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Avon Moldplast IPO Prospectus

Avon Moldplast IPO Rating

Rating:Rated 3.0 stars
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Avon Moldplast IPO Listing Date

Listing Date Thursday, July 26, 2018
BSE Script Code
Listing In
ISIN INE652Z01017
IPO Price ₹51 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹51.00
Open: ₹52.00
Low: ₹49.50
High: ₹51.50
Last Trade: ₹51.65

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

Avon Moldplast IPO Registrar

MAS Services Limited

Phone: (011) 2610 4142

Avon Moldplast IPO Review

Avon Moldplast IPO Recommendation Summary

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Avon Moldplast IPO FAQs

Avon Moldplast IPO is a SME IPO of 884,000 equity shares of the face value of ₹10 aggregating up to ₹4.51 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Jul 12, 2018, and closes on Jul 18, 2018.

MAS Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Avon Moldplast IPO opens on Jul 12, 2018 and closes on Jul 18, 2018.

Avon Moldplast IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Avon Moldplast IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Avon Moldplast IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Avon Moldplast IPO allotment status.

The Avon Moldplast IPO listing date is on Thursday, July 26, 2018.
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Avon Moldplast IPO Message Board

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19. IPOANALYSIS |   Link |Jul 26, 2018 3:52:07 PM
BUYER AT 49 and seller at 54. how can trade occur
18. Abhishek Shahi |   Link |Jul 19, 2018 7:00:00 PM
waiting for listing....
18.1. IPOANALYSIS |   Link |Jul 26, 2018 10:39:05 AM
no one should wait for listing of such kind of issues.
17. IPOANALYSIS |   Link |Jul 26, 2018 10:13:45 AM
No buyers even at 52 rs.
16. IPOANALYSIS |   Link |Jul 16, 2018 11:39:56 PM

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
16.2. IPOANALYSIS |   Link |Jul 17, 2018 12:33:33 PM
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 .
16.3. Johny |   Link |Jul 17, 2018 8:18:02 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
@IPO Analysis thank you
15. Abhishek Shahi |   Link |Jul 17, 2018 3:00:55 PM
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
14. IPOANALYSIS |   Link |Jul 17, 2018 2:29:03 PM

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
13. IPOANALYSIS |   Link |Jul 16, 2018 2:02:23 PM
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.
12. IPOANALYSIS |   Link |Jul 16, 2018 1:02:08 AM
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
11. Abhishek Shahi |   Link |Jul 13, 2018 10:25:57 AM
pricing seems high.
11.2. IPOANALYSIS |   Link |Jul 13, 2018 5:21:06 PM
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?
11.3. SONMAYA |   Link |Jul 13, 2018 5:25:16 PM
IPO Mentor IPO Mentor (500+ Posts)
Ipo analysis sir u r doing wonderful keep doing i m against those who r still trying and thinking to apply in sme in this rigid situation.of sme ipos
10. IPOANALYSIS |   Link |Jul 13, 2018 3:02:08 PM
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.
9. IPOANALYSIS |   Link |Jul 13, 2018 2:07:40 PM
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.
8. IPOANALYSIS |   Link |Jul 13, 2018 12:09:30 PM
Fair price of stock is not more than 15 rs.
7. JAYENDRA |   Link |Jul 12, 2018 11:01:43 AM
Apply or not ?
7.1. DownriteVJ |   Link |Jul 13, 2018 10:54:07 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid. Salary of mid level executive is higher than their profits till last year.
7.2. Abhishek Shahi |   Link |Jul 13, 2018 11:40:24 AM
6. IPOANALYSIS |   Link |Jul 12, 2018 2:31:57 PM
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
6.1. khushbir singh |   Link |Jul 12, 2018 4:02:35 PM
Well said, appreciate your knowledge.
6.2. IPOANALYSIS |   Link |Jul 26, 2018 10:41:59 AM
stock will follow footsteps of milestone furniture
5. NSEIPO |   Link |Jul 10, 2018 12:17:37 PM
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.
4. Abhishek Shahi |   Link |Jul 10, 2018 10:25:44 AM
Lets see the response.
3. Abhishek Shahi |   Link |Jul 10, 2018 10:24:44 AM
seems high valuation.
2. IPOANALYSIS |   Link |Jul 9, 2018 3:01:51 PM
despite cooked up financial it is still looking expensive valuation . lol

1. NSEIPO |   Link |Jul 8, 2018 3:16:39 PM
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
1.1. Mastmoula |   Link |Jul 9, 2018 1:50:37 PM
The name of the lead manager is Turnaround Corporate Advisors Private Limited. He might have turnaround the profitability margin of the compant.