Avon Weighing Systems Limited IPO (Avon Weighing IPO) Detail

Jun 9, 2008 - Jun 12, 2008

Incorporated in 1999, Avon Weighing Systems Limited engaged in the business of selling weighing systems in India. Avon is classified as small scale industry. Avon is the authorized dealer and one of the distributors of A&D and Tanita�s weighing systems in India.

A&D is the third largest manufacturer of weighing systems in the world and they manufactures Analytical balances, Precision industrial balances, Moisture meters, Laboratory balances, Jewellery scales, Table top balances, Platform scales, Compact scales, Load cells, Weighing indicators and Viscosity meter etc. TANITA Corporation is one of the largest manufacturers for personal weighing scales, Mechanical/Digital bathroom & body fat monitor/scales, digital baby scale, professional fitness products - body composition analyzers/scales, etc.

Currently, they have manufacturing plant in Baddi (H.P.) where Avon manufactures the compact scales, platform scales, weighbridge & Tablet Calculation Systems- Auto Feeders with SQC software. They are mainly focusing into the industries like jewellery, Fitness centers, Hospitals, Clinics, Hotels & Shopping Malls.

Avon's clients are:

1. Sports Fuel
2. Larsen & Toubro Limited
3. Pantaloon Retail (India) Ltd
4. Rusan Pharma Ltd
5. Glenmark Pharmaceuticals Ltd
6. Godrej Industries Ltd
7. Reliance Life Sciences Pvt Ltd, etc.

Company Financials

Particulars	For the year/period ended (Rs. in lacs)
	31-Mar-07	31-Mar-06	31-Mar-05	31-Mar-04	31-Mar-03
Total Income	4017.45	2422.77	1171.22	823.98	699.43
Profit After Tax (PAT)	137.46	89.30	33.23	15.68	12.32

Objects of the Issue

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Setting-up a full fledged manufacturing facility for indigenous manufacture of a particular range of weighing systems;
2. Setting-up furniture & fixtures at factory, corporate office & showrooms;
3. Setting-up computers and software and SAP systems;
4. Contingency Provision;
5. To meet the working capital requirement;
6. To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
7. General corporate purposes.

Avon Weighing IPO Details

Avon Weighing IPO Date	Jun 9, 2008 to Jun 12, 2008
Avon Weighing IPO Face Value	₹10 per share
Avon Weighing IPO Price	₹10 per share
Avon Weighing IPO Lot Size
Issue Size	9,836,400 shares of ₹10 (aggregating up to ₹9.84 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE

Company name has been changed to Avon Corporation Limited.

Avon Weighing IPO Prospectus

› Avon Weighing IPO DRHP

Avon Weighing IPO Rating

397

2.6

Rating:

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Avon Weighing IPO Listing Date

Listing Date	Thursday, July 3, 2008
BSE Script Code	532995
NSE Symbol
Listing In	B Group of Securities
ISIN	INE207I01016
IPO Price	₹10 per share
Face Value	₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade

BSE
₹10.00
₹13.90
₹11.35
₹20.00
₹11.90

Company Contact Information

Avon Weighing Systems Limited
15, 2nd Floor, B Wing, Kamal Kunj,
S.V. Road, Irla Bridge,
Andheri(W) Mumbai�400058
Phone: +91-22-66804049
Email: anita_v@aws.co.in
Website: http://www.aws.co.in

Avon Weighing IPO Registrar

Datamatics Financial Services Ltd

Phone: +91-22-66712151
Email: dnyanesh_gharote@vsnl.com
Website: https://www.datamatics.com/investors/shareholder-s

Avon Weighing IPO Review

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Avon Weighing IPO FAQs

Avon Weighing IPO is a main-board IPO of 9,836,400 equity shares of the face value of ₹10 aggregating up to ₹9.84 Crores. The issue is priced at ₹10 per share. The minimum order quantity is .

The IPO opens on Jun 9, 2008, and closes on Jun 12, 2008.

Datamatics Financial Services Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Avon Weighing IPO opens on Jun 9, 2008 and closes on Jun 12, 2008.

Avon Weighing IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Avon Weighing 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 Weighing IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Avon Weighing IPO allotment status.

The Avon Weighing IPO listing date is on Thursday, July 3, 2008.

Avon Weighing IPO Message Board

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359 Comments

359. RK | Link |Jul 16, 2008 8:46:51 PM

Its small company, but not in its field.... It is one of the top best weighting co. Its a partof one of the third largest manufacturer of weighing systems in the world and they manufactures Analytical balances, Precision industrial balances, Moisture meters, Laboratory balances, Jewellery scales, Table top balances, Platform scales, Compact scales, Load cells, Weighing indicators and Viscosity meter etc.
Buy at current levels.......... u will never see such levels again.

358. Aniltohana | Link |Jul 16, 2008 3:36:57 PM

no future of avon very small co
it will come at rs 5 in a month or so
and never come at 10 in a year or so

357. A M I T | Link |Jul 14, 2008 1:56:12 PM

Dear vipul

i was targeting avon at 8.3rs last week, but did not get any :(
now there seems to be sharp increase in volumes.
comparing p/e with avery india,i dont see it crossing the rs20-30

when will thier himachal plant be operational ??

356. TradingYaar | Link |Jul 11, 2008 3:16:28 PM

Avon finally started moving up. Pick this stock below 10. Never find such levels again. Immediate target to me is 15 Rs. in 3 days. Short term 35. Medium term 75 Longterm 150.

355. kumar | Link |Jul 11, 2008 11:37:52 AM

I havent recieved any refund.

354. vipul | Link |Jul 11, 2008 10:58:13 AM

Dera Amit,

There might be a chances that some might have done squaring on 1st day of trading, so only they are having costing less than 10/-. So these fellows might be a sellers in this market. But now the persons having cost less than 10/- are very few. so from this point forward if market sentiments will be good then this stock will definately give you good return.

353. Amit | Link |Jul 10, 2008 1:39:55 PM

RK your point is justfied
short term tarket of avon below 8rs :) . i think avon will fall badly even if the market falls slightly

Vipul- what would be a nice buy point for avo 8.3 or below 8 or even less ?

352. bhavesh | Link |Jul 9, 2008 11:04:53 PM

avon short term target rs. 18 see within 10 days max

ha ha enjoy good market.

buy Rohit ferro @130 target 220 within 10 days

also peninsula land the out performer from last five session

351. RK | Link |Jul 9, 2008 5:17:11 PM

Avon has Earnigs per share of Rs 1.50, thats what may be its cost its 15% dividend will wive u 15% retuen every year. Plus it will suddenly boost. Target of Rs 34 in short term.

350. Raman | Link |Jul 9, 2008 11:22:14 AM

Mr TR, this share will give you handsome returns if you hold it for just 4-5 months only. It will definitely touch Rs. 50. And you think that this will touch Rs. 4-5 soon. Never. It will not go below 8 Rs. So start accumulating this stock. Very low floating stock. Just Rs. 10 crore IPO. It will show spark very soon. Keep investing.

349. TR | Link |Jul 9, 2008 12:48:03 AM

AVON HAS ALL SELLERS ON DAY ONE INFACT 10 SELLERS AND 2 BUYERS
THIS STOCK IS GOING TO 4 RS SOON

348. paras | Link |Jul 7, 2008 7:36:27 PM

mera refund abhi tuk nahiaayaa 10000 rs kaa koi batayeega amain kya akeruu kishee contact keruu kissnumber perr yaaar bahoot din hogyee avon kaa refund nahiayaa

347. raj | Link |Jul 7, 2008 7:21:19 PM

Mere friends, please let me know abt Empee dist.After comments from Udayan & SPtulsian I bought 500 shares @ 410. Now I am trapped. Please advice me.

346. vipul | Link |Jul 7, 2008 7:18:57 PM

Out of all recent IPO, only Bafna and Avon are fairly priced IPO and available at lower price, So accumulate them for atleast one year to perform. Both are performing industry and having EPS.
The market may bounce here for few days as per market sentiments, so accumulate at lower and sell at upper circuit.

345. vipul | Link |Jul 7, 2008 7:14:41 PM

Dear Amit,

Thanks for reply.

I will not advice you to sell below listing price. There might be a possible that it may slip further, but within a few day it will definately give you chance to sell above listing price. If u want to cut-off your price, U can go for squaring. Sell at higher and repurchase at lower. By that u can cut-off your price. But make sure that on day of squaring market should slip, otherwise you have give delivary. One more thing dont sell your stock at a time, sold it step by step.

Thanks

344. Shareu | Link |Jul 7, 2008 3:08:47 PM

AVON will bounce back in a day or two. So keep accumulating. It will show Rs. 15-17 in a short period of 10-12 days.

343. A M I T | Link |Jul 7, 2008 2:17:28 PM

hey vipul :)its gone below 10... now question comes how low can it go ?

342. vipul | Link |Jul 5, 2008 10:44:29 AM

I completely agree with Girish, Bye at this level and forget it for 1 year. Because in this volatile market this share may not perform well but after performing 1 year the same may give u good return. If market bounce by +1500 point then u get good return in short term.

U know this is the level where Mutual funds and FII are buying the stock. So to sell below 10/- and go for loss is not advisable. If all thinks like that the price will raise definately.

341. vipul | Link |Jul 5, 2008 10:40:04 AM

Dear Amit,

There might be a possibility of going it below 10/-, due to the selling pressure. But as far as per my knowledge it will not be advisable to go for sell below 10/-. Also company is having EPS of about Rs. 1.50, so share is fairly priced and there is no need of worry. Production is goinig to start within this year so the compnay is operating hence it will definately give U good return on holding.

Thanks

340. A M I T | Link |Jul 5, 2008 10:16:07 AM

i dont wanna know its future targets 34...100 watever

Does anyone think Avon will go below 10 ?

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