Avon Weighing IPO : Avon Weighing Systems files draft with SEBI

Avon Weighing Systems Limited has recently filed its Red Herring Draft Prospectus with the SEBI for an initial public offering of 98,36,400 equity shares at a cash price of Rs 10 aggregating to Rs 983.64 Lakhs. Avon Weighing Systems IPO would be a fixed price IPO at price of Rs 10 to the public.

Avon Weighing Systems Limited is a company incorporated in India engaged in the business of selling weighing systems. Avon is classified as small scale industry. Avon is the authorized dealer and one of the distributors of A&D and Tanita’s weighing systems in India.M/s A&D Company Ltd.(A&D), Japan and Tanita Corporation (Tanita), Japan both are the largest
weighing scale manufacturers in the world in their range of products.

Avon Weighing Systems with the funds raised from the IPO will be setting-up a full fledged manufacturing facility for indigenous manufacture of a particular range of weighing systems.

Avon Weighing Systems IPO Book Running lead manager is Keynote Corporate Services Limited and the Registrar for the Avon Ipo is Datamatics Financial Services Limited. Post IPO the Equity shares of Avon Weighing Systems are proposed to be listed on Bombay Stock Exchange Limited (BSE).

For Avon Weighing Systems IPO  prospectus read here

Avon Weighing Systems IPO Draft Prospectus