IPO DETAILS : Avon Moldplast Ltd.

A-7/36-39, South of G T Road, Industrial Area, Electrosteel C Ghaziabad, Uttar Pradesh - 201009
Phone: 4376091

Public Issue of 884000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 41.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
12/07/201818/07/201851.00 -
Lead Managers Registrar Listed at
TURNAROUND CORPORATE ADVISORS PVT. LTD.
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area
Phase II, ,
New Delhi, Delhi - 110020
Phone: 26387281 Fax: 26387384
NSE
Object of the issue

The objects of the present issue of Equity Shares are:

a. To acquire additional molds of chair, cupboard, table etc. at the existing manufacturing facilities of the Company located at A-7/36-39, South of G. T. Road Industrial Area, Electrosteel Casting Compound, Ghaziabad 201009, Uttar Pradesh,

b. To meet the incremental working capital requirements,

c. General Corporate Purpose.

Project Cost
(Rs. in Crs.)
WORKING CAPITAL REQUIREMENTS1.50
PURCHASE OF EQUIPMENTS2.06
GENERAL CORPORATE EXPS.0.60
ISSUE EXPENSES0.36
TOTAL COST4.51
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES4.51
TOTAL COST4.51
Promoted by

The Promoters of the Company are Mr. Sushil Kumar Aggarwal, Mrs. Anita Aggarwal and Mr. Sahil Aggarwal

1. Mr. Sushil Kumar Aggarwal : he is Founder and Chairman of Avon Moldplast Limited has more than 3 decades of rich experience in plastic and molded furniture industry. He is a Graduate by qualification and a successful entrepreneur in Plastic molded furniture industry. He has been instrumental and key force in driving the Company. He is instrumental in market expansion, promotion and development of new product range. He is responsible for overall management of the Company He is a National President of All India Plastic Molded furniture Association, and is also a chairman of CII MSME, besides being a Rotarian.

There are no defaults in meeting any statutory/bank/institutional dues and no proceedings have been initiated for economic offences. There are no litigations, disputes towards tax liabilities or criminal / civil prosecution / complaint against Mr. Sushil Kumar Aggarwal.

Voter ID No. : ZYH4940987

Driving License Number : DL13 19920084105, Valid upto May 15, 2021

Permanent Account Number : ABPPA3053P

Passport Number : Z2095649, Valid upto January 08, 2022

Bank Account No : 3000000100036209 with Punjab National Bank Limited, Ghaziabad, Kaushambi Branch

DIN : 00248707

2. Mrs. Anita Aggarwal : she is the original Promoter of the Company and has been associated with the Company since inception, however she has joined the board of the Company recently only. She is graduate by qualification and is responsible for handling the Administration Department in the Company.

Mrs. Anita Aggarwal owns 690,000 Equity Shares, representing 29.11% of the pre-issue share capital and 21.20% of the post-Issue share capital of the Company.

Voter ID No. : ZYH4941019

Driving License Number : DL7 20000178677, Valid upto August 23, 2020

Permanent Account Number : ABPPA3054L

Passport Number : N3472269, Valid upto September 28, 2025

Bank Account No : 3000000100075509 with Punjab National Bank Limited, Ghaziabad, Kaushambi Branch

DIN : 00248972

3. Mr. Sahil Aggarwal : he is graduate by qualification and Managing Director of the Company. He is an Alumni of the Singapore Institute of Management. He has been on the Board of Directors of the Company since 2009.

He is responsible for the overall functioning of the organization, right form procurement to production, further he also looks at all the financial matters of the
Company.

Apart from being an entrepreneur, Mr. Sahil Aggarwal is also associated with a NGO called “Smile” Foundation, with the only mission to promote girl child, to provide education for underprivileged children, girl, and give support for poor children's health.

Mr. Sahil Aggarwal owns 450,000 Equity Shares, representing 18.99% of the pre-issue share capital and 13.83% of the post-Issue share capital of the Company.

There are no defaults in meeting any statutory/bank/institutional dues and no proceedings have been initiated for economic offences. There are no litigations, disputes towards tax liabilities or criminal / civil prosecution / complaint against Mr. Sahil Aggarwal.

Voter ID No. : ZYH4940185

Driving License Number : DL-1320080001719(P), Valid upto August 28, 2028

Permanent Account Number : ANIPA9007G

Passport Number : R7458754, Valid upto January 12, 2028

Bank Account No : 3000000100177953 with Punjab National Bank Limited, Ghaziabad, Kaushambi Branch

DIN : 02515025