AVSL Industries Limited is coming out with an IPO to be listed on NSE SME exchange. The Date for opening of the issue is Sept 15, 2016 and will remain open till Sept 28, 2016 at a fixed price of Rs.36 per equity share. The face value for the remains at Rs. 10 per equity share. The company plan to issue 14.4 lacs equity shares making the issue size at 5.18 crores.
AVSL industries Limited was established as on August 08, 2003 in Delhi. The company manufactures raw material through its plant for power cable further to trade in the market. In 2009, the firm started to manufacture of PVC products of its Narela Delhi Plants. Later on, it commenced it another plant taking on lease from its associate concern for manufacturing of PVC products at Halol, Gujarat. These plants are processed to manufacture PVC Compound, HDPE/LDPE Compound, PVC Filler, and HDPE/LDPE Tape etc. as a raw material for HT/ LT Power Cables, Telecom Cables and PVC Pipes and Fittings. On the other hand, It is well settled in the business of export and import for agro commodities products. It exported majorly products like Rice, Wheat Flour, Pulses, Spices, Food Grains and Dry Fruits in the year 2015 from its office at Netaji Subhash Place, Delhi. Currently, it is shipping non-basmati rice and wheat flour to Madagascar. On the other hand, the firm imports various products like clove, clove stems, cow peas, black eyed beans, bamboo beans, moong beans, raw cashew nuts etc. from Madagascar from the same two parties to whom it is exporting. The company is focusing to expand its business in overseas market like Vietnam, Ivory Coast, Comoros and Turkey.
The company has filed its draft prospectus to be listed on the NSE’s small and medium enterprises platform with markets regulator Securities and Exchange Board of India (SEBI). It is planning to raise Rs. 5.18 crore through the Initial public offering.
Purpose of the issue:
- To fulfill the requirements of working capital;
- To meet the expenses of the Issue.
Summary Of Issue:
|Issue Open:-||Sep 15, 2016 – Sep 28, 2016|
|Issue Type||Fixed Price issue IPO|
|Issue Size (Shares)||1,440,000 Equity Shares|
|Issue Size in (Value)||Rs 10 aggregating up to Rs 5.18 Cr|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 36 Per Equity Share|
|Market lots||3000 Shares|
|Minimum Order Quantity||3000 Shares|
|Listing At||NSE, SME|
Promoters Of the Company:
Mr. Sanjay Bansal :- He is the promoter and Managing director of the Company. He is 40 years old. He is a having 20 year of experience in the plastic industry.
|Particulars||For the year/Period ended (Rs. in Millions)|
|Financial Year||31-Mar-16||31-Mar-15||31-Mar-14||31- Mar-13||31-Mar-12|
|Total Equity & Liabilities||3918.75||1470.15||898.01||1274.08||1218.95|
|Profit After Tax (PAT)||75.48||20.11||30.33||22.06||43.45|
Lead Manager Details:-
SARTHI CAPITAL ADVISORS PRIVATE LIMITED
Unit No. 411, 4th Floor, Pratap Bhawan, 5, Bahadurshah Zafar Marg, New Delhi – 110002
Tel: (011) 23739425/26/27 Fax: (011) 23739424
Investor Grievance Email:firstname.lastname@example.org
Contact Person: Mr. Anand Lakhotia
SEBI Registration No.: INM000012011
Registrar Of The Issue:-
BIGSHARE SERVICES PRIVATE LIMITED E-2,
Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (East), Mumbai- 400072, Maharashtra
Tel: (022) 40430200 Fax: (022) 28475201
Contact Person: Mr. Babu Raphael
SEBI Registration No.: INR000001385
C-611-612, DSIDC Industrial Area, Narela, New Delhi-110040, Tel No: +91 11 45611234;
Corporate Office: Unit No. 1001, NDM-2, Wazirpur District Centre,
Netaji Subhash Place, Pitampura, Delhi-110034 Tel No: +91 11 45561232/33/34
Contact Person and Promoter of our Company: Mr. Sanjay Bansal