IPO Issue Details
Issue Price / Price Band₹15 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size8,000 Shares per Lot
Total Issue Size38,40,000 shares (aggregating up to ₹5.76 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 28 Nov 2016
Subscription CloseMon, 05 Dec 2016
Anchor AllotmentSun, 27 Nov 2016
Basis of AllotmentSun, 11 Dec 2016
Initiation of RefundsMon, 12 Dec 2016
Credit of Shares to DematMon, 12 Dec 2016
Listing DateMon, 12 Dec 2016
UPI Mandate Deadline2016-12-05
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 8,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 16,000 shares
Net Offer to Public36,32,000 shares (aggregating up to ₹5.45 Cr)
Reserved for Market Maker2,08,000 shares (aggregating up to ₹0.3120 Cr)
Pre-IPO Promoter Holding1,02,70,500 shares
Post-IPO Promoter Holding1,41,10,500 shares
About Aditya Vision Ltd.
Incorporated in 1999, Aditya Vision Ltd (AVL) is engaged into retail business of consumer electronics, home appliances, camera, cam recorders, and mobile phones. AVL is a multi-brand, multi-product retail chain which stocks an entire range of consumer durables, right from Air conditioners, TVs, Washing Machines, Refrigerators, Microwaves, Home Theatre Systems, Mobile Phones, small home appliances and many more.They offers some of the popular brands such as LG, Samsung, Sony, Daikin, Videocon, Panasonic, Onida, Nikon etc. Having started its business with a small store in Patna, Bihar, now it has evolved into one of Patna’s leading chain of consumer durables and electronic goods stores. At present it has 19 stores/outlets across Bihar, India under the brand name of “Aditya Vision”.
Objects of the Issue
Aditya Vision Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet the working capital requirements of the Company
4.82
2
2 General Corporate Expenses
0.59
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,02,70,500 shares
Post-IPO Promoter Holding
1,41,10,500 shares