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 off | 750 shares (Rs. 97500) |
| Registrar | AARTHI CONSULTANTS PRIVATE LIMITED |
| Registrar’s email | aries@aarthiconsultants.com |
| Lead Manager | SREI CAPITAL MARKETS LTD. |
| 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). |
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| 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.
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