IPO Issue Details
Issue Price / Price Band₹36 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size14,40,000 shares (aggregating up to ₹5.18 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 15 Sep 2016
Subscription CloseWed, 28 Sep 2016
Anchor AllotmentWed, 14 Sep 2016
Basis of AllotmentTue, 04 Oct 2016
Initiation of RefundsWed, 05 Oct 2016
Credit of Shares to DematWed, 05 Oct 2016
Listing DateThu, 06 Oct 2016
UPI Mandate Deadline2016-09-28
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 3,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 6,000 shares
Net Offer to Public13,62,000 shares (aggregating up to ₹4.90 Cr)
Reserved for Market Maker78,000 shares (aggregating up to ₹0.2808 Cr)
Pre-IPO Promoter Holding38,91,120 shares
Post-IPO Promoter Holding53,31,120 shares
About AVSL Industries Ltd.
Incorporated in 2003, AVSL Industries Limited is engaged in the manufacturing of PVC Products which include PVC Compound, HDPE/LDPE Compound, PVC Filler, and HDPE/LDPE Tape etc. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.These products are raw material for HT/ LT Power Cables, Telecom Cables and PVC Pipes and Fittings. They also Import/Export agro-based commodities such as Pulses, Food Grains, Red Kidney Beans, Black Eye Beans, Green Moong Beans and White Kidney Beans. AVSL also supply best quality Cloves, Cloves Stem , Coriander , Raw Cashew-nut Shells.They are also engaged in exports of Non Basmati Rice. Visit chittorgarh.com for more detail.At present company mainly exports non- basmati rice and wheat flour to Madagascar and planning to explore the same to Ivory Coast, Comoros and Turkey. Company also imports clove, clove stems, cow peas, black eyed beans, bamboo beans, moong beans, raw cashew nuts etc from Madagascar, Ivory Coast and Comoros. Company main import and export is done with Madagascar.
Objects of the Issue
AVSL Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
4.82
Shareholding & Lock-in
Pre-IPO Promoter Holding
38,91,120 shares
Post-IPO Promoter Holding
53,31,120 shares