Avon Weighing Systems Ltd. - IPO

Avon Weighing Systems Ltd.
Period	09-Jun to 12-Jun 2008
Size (Equity Shares)	98,36,400
Type	Fixed Price Issue
Face Value	Rs. 10-
Price Range	Rs 10 to Rs 10
Registrar	Datamatics Financial Services Ltd
Registrar's email	dnyanesh_gharote@vsnl.com
Lead Manager	Keynote Corporate Services Ltd
Listing	BSE
About the company
Incorporated : 1999. Business : Selling weighing systems in India. Authorized dealer and one of the distributors of A&D and Tanita's weighing systems in India. Manufacturing plant in Baddi (H.P.) where Avon manufactures the compact scales, platform scales, weighbridge & Tablet Calculation Systems- Auto Feeders with SQC software. They are mainly focusing into the industries like jewellery, Fitness centers, Hospitals, Clinics, Hotels & Shopping Malls. Clients: Talwalkars Better Value Fitness Pvt Ltd, Shoppers Stop, Sports Fuel, Larsen & Toubro Limited, Pantaloon Retail (India) Ltd, Rusan Pharma Ltd, Glenmark Pharmaceuticals Ltd, Godrej Industries Ltd and Reliance Life Sciences Pvt Ltd, etc.
Objects of the Issue
# Setting-up a full fledged manufacturing facility for indigenous manufacture of a particular range of weighing systems; # Setting-up furniture & fixtures at factory, corporate office & showrooms and computers and software and SAP systems; # Contingency Provision; # To meet the working capital requirement; # To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges; # General corporate purposes