03 Jun 08 Avon Weighing Systems IPO Details
Avon Weighing Systems IPO opens for subscription on Monday, June 09, 2008. The IPO is a very small sized fixed price IPO which will raise a little less than 10 crores for the company. The funds raised from the IPO will be used for expansion purposes. Avon Weighing IPO has been graded by CARE, one of the 4 credit rating agencies which have received SEBI approval for IPO Grading. Avon Weighing Systems has managed to get a frade of just 2 out of 5. This means the fundamentals of Avon Weighing Systems Limited are below average when compared with other listed companies in India. Avon IPO closes for subscription on Thursday, 12 June, 2008. Avon Weighing price has been fixed at Rs. 10 per share of face value Rs. 10 each. This means IPO investors in India, after a long time, have once again received an opportunity to invest in the an AT PAR IPO issue.
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