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June 2, 2008

Avon Weighing Systems Ltd. - IPO

Avon Weighing Systems Ltd.


09-Jun to 12-Jun 2008

Size (Equity Shares)



Fixed Price Issue

Face Value 

Rs. 10- 

Price Range 

Rs 10 to Rs 10


Datamatics Financial Services Ltd

Registrar's email

Lead Manager 

Keynote Corporate Services Ltd



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

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