About the Company:
Avon Moldplast Ltd is engaged in manufacturing of quality plastic molded furniture under the brand name of “AVON” since 2002.
Company 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 has a fully functional manufacturing facility located at A-7/36-39, South of G. T. Road Industrial Area, Electrosteel Casting Compound, Ghaziabad 201009, Uttar Pradesh. The said facility is also houses the Registered and Corporate Office of the Company.
The Company’s Product Portfolio can be classified as under:
- Molded Chairs
- Molded Stools
- Molded Tables
- Molded Baby Chairs and Baby Desks.
Product Portfolio Revenue Details Upto 31 Jan 2018 (10 months).
Company’s Capacity Utilization for last 3 Years:
- Mr. Sushil Kumar Aggarwal (Designation: Chairman & Whole Time Director)
- Mr. Sahil Aggarwal (Designation: Managing Director)
- Mrs. Anita Aggarwal (Designation: Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||Average Acquisition Cost (in Rs.)|
|Mr. Sushil Kumar Aggarwal||7.56|
|Mrs. Anita Aggarwal||7.17|
|Mr. Sahil Aggarwal||7.17|
Objectives of the Issue:
- To acquire additional molds of chair, cupboard, table etc. at the existing manufacturing facilities of the Company located at Ghaziabad ,UP.
- To meet the incremental working capital requirements.
- General Corporate Purpose.
|Particulars||Amount (Rs. in Crores)|
To acquire additional molds of chair, cupboard, table etc. at the existing manufacturing facilities of the Company located at Ghaziabad ,UP.
|Working Capital requirements||1.5|
|General Corporate Expenses||0.59|
|Net Proceeds||4.22 cr|
Financials of the Company:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||Upto 31st Jan 18|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||Book value|
|Avon Moldplast Limited||10||0.42||121.43||3.70%||11.37|
|Supreme Industries Limited||2||29.86||40.45||24.28%||122.29|
|Wim Plast Limited||10||40.46||29.52||18.50%||218.77|
|Prima Plastics Limited||10||8.87||20.33||17.27%||51.37|
|Issue Opens on||12th July 2018|
|Issue Closes on:.||18th July 2018|
|Issue Size||Rs.4.5 cr|
|Market Cap||Rs.16.59 cr|
|Listing at||NSE SME|
|Equity Shares Offered (Fresh)||8,84,000|
|Equity Shares Prior to the Issue||23,70,000|
|Total Equity Shares after the Issue||32,54,000|
Knowledge Corner: (Click on the Link)
|Company Contact Info:|
|Avon Moldplast Limited
A-7/36-39, South of G. T. Road Industrial Area,
Electrosteel Casting Compound,
Ghaziabad 201009, Uttar Pradesh;
|IPO Registrar Info:|
|Mas Services Limited
T-34 2nd Floor, Okhla Industrial Area,
Investor Grievance Email: firstname.lastname@example.org
|Lead Manager to the Issue:|
|Turnaround Corporate Advisors Private Limited
714, Vishwadeep Building, Plot No. 4,
District Centre, Janakpuri, New Delhi- 110058
Investor Grievance Email: email@example.com