Avon Moldplast Ltd

Avon Moldplast Ltd

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).

product portfolio revenue

Company’s Capacity Utilization for last 3 Years: 

Capacity Utilization

 

Management Team:

  1. Mr. Sushil Kumar Aggarwal (Designation: Chairman & Whole Time Director)
  2. Mr. Sahil Aggarwal (Designation: Managing Director)
  3. 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.

 

Fund Utilization:

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.

2.12
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
Revenue 6.07 6.17 8.03 9.99 13.85 18.92
Net Profit 0.0027 0.048 0.036 0.055 0.099 0.69

 

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
Nilkamal Limited 10 79.38 20.42 16.98% 467.17
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

 

IPO Details:

Details Info
Issue Opens on 12th July 2018
Issue Closes on:. 18th July 2018
Issue Price Rs.51
Face Value Rs.10
Minimum Lot 2000
Minimum Investment Rs.1,02,000
Issue Constitutes 27.17%
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)

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Important Tips For Investing in an IPO.
Frequently Asked Questions on IPO.
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NSE & BSE Holiday List For the Year 2018

 

 

Company Contact Info:
Avon Moldplast Limited
A-7/36-39, South of G. T. Road Industrial Area,
Electrosteel Casting Compound,
Ghaziabad 201009, Uttar Pradesh;
Tel: +91-120-4376091;
Email: cs@avonmpl.com
Website: www.avonmpl.com

 

IPO Registrar Info:
Mas Services Limited
T-34 2nd Floor, Okhla Industrial Area,
Phase-II,New Delhi-110020
Tel :+91-11-26387281,82,83;
E-mail: info@masserv.com
Investor Grievance Email: info@masserv.com
Website: www.masserv.com

 

Lead Manager to the Issue:
Turnaround Corporate Advisors Private Limited
714, Vishwadeep Building, Plot No. 4,
District Centre, Janakpuri, New Delhi- 110058
Tel: +91-11-45510390
Investor Grievance Email: complaints@tcagroup.in
Website: www.tcagroup.in