Avon Weighing Systems IPO Subscription starts June 9th

Avon Weighing Systems IPO is all set to hit the capital markets on June 9th, 2008 . Avon Weighing Systems IPO will issue over 1.3 crore equity shares of Rs 10 each at par .

Avon is the authorised distributors of Tanita and A&D weighing systems in India since 1999. The company also provides consultancy to various industrial houses, on the latest weighing systems and applications and is focused on software to enhance the applications of weighing scales.

Avon Weighing Systems IPO funds are proposed to be used for expansion plans which include setting up of facility for manufacturing of a range of weighing systems, and to open four showrooms in the Metros.

Avon Weighing Systems IPO Grading has been done by CARE. The IPO has been assigned “IPO Grade 2” which indicates below average fundamentals of the IPO.

Avon Weighing Systems IPO Subscription closes on June 12, 2008 and the equity shares are proposed to be listed on BSE.

Keynote Corporate Services Limited is the Lead Manager of Avon Weighing Systems IPO and Datamatics Financial Services Limited is the Registrar to Avon Weighing Systems IPO.