Investments Ideas and Research - Of Investor, By Investor, For Investor
Stocks, Mutual Funds, Bonds, Debentures, Fixed Deposit, Real Estate

December 9, 2007

Aries Agro Limited - IPO

Aries Agro Limited
Period 14 to 19 Dec 2007
Size (Equity shares)45,00,000
Reserved for Retail 15,75,000 (35%)
Type 100% Book Building 
Face Value Rs. 10- 
Price Range Rs 120 to 130
Market Lot 50 Shares
Max shares Retails investor can apply at cut off750 shares (Rs. 97500)
Registrar's email
Listing BSE, NSE 
Grading Not opted for the grading of the Issue.
Incorporated as "Aries Agro-Vet Industries Private Limited" in 1969, then changed to "Aries Agro-Vet

Industries Limited" then to "Aries Agro Limited" in 2006. Agromin (Chelated Micronutrients) and Chelamin (Chelated Zinc) are the company's flagship brands.

In 1969, the Company started off with a small range of mineral feed additives for animals & birds. In 1975, Aries diversified into nutrients feeds for plant, considering the fact that in India, the animal and agricultural farmer are one and the same individual. Aries expanded thier product line to include secondary nutrients – sulphur, magnesium and calcium. In 2002, Aries continued expanding its plant nutrition product line to include value-added, water soluble complexes of nitrogen (N), phosphorous (P) and potassium (K).
Setting up of new manufacturing units at Ahmedabad, Lucknow, Medak (AP) and an additional unit in Maharashtra; To purchase Plant & Machinery for its existing Factory in Mumbai; For Capital expenditure on Mobile Marketing; Renovation of existing Office Building & addition to existing Office Building at Deonar, Mumbai; Investment in Golden Harvest Middle East (FZC), UAE; To meet the working capital requirements of our Company; To meet General Corporate Expenses and To meet the issue expenses.

Our gut feeling says that we should skip this issue. On reading RHP, we find that apart from not opting for grading of issue, there are many things like not paying pr provisioning for even gratuity premium due to LIC and taxes. Therefore, please read prospectus before applying.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...
© Copyright 2009-12 Powered by Blogger.

© 2007-2012 Investor Souk: Our Research for your USE, All Rights Reserved.

Template by ScreenWritersArena