Tuesday, September 13, 2016

AVSL Industries NSE SME IPO to open on Sep 15th

AVSL Industries Ltd is entering in the capital markets (through NSE SME) with an initial public offering, IPO of 1,440,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 36.

AVSL Industries Limited is engaged in manufacturing of PVC Products which includes PVC Compound, HDPE/LDPE Compound, PVC Filler, and HDPE/LDPE Tape etc. These products are raw material for HT/ LT Power Cables, Telecom Cables and PVC Pipes and Fittings. They also Imports/Exports of 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 from Madagascar.

The issue opens on Sep 15, 2016 and closes for subscription on Sep 28, 2016. The equity shares of the issue are proposed to be listed on the SME Platform of NSE.

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