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Open
14 Dec 2007
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Close
19 Dec 2007
3
Allotment
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Listing
Fri, Jan 11, 2008
Price Band
₹120 to ₹130
Issue Size
45,00,849 shares (agg. up to ₹59 Cr)
Lot Size
50 Shares
Listing Date
Fri, Jan 11, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 6.81x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new manufacturing units at Ahmedabad, Lucknow, Medak (Andhra Pradesh) and an additional unit in Maharashtra | 8.09 |
| 2 | To purchase Plant & Machinery for its existing Factory in Mumbai | 1.70 |
| 3 | For Capital expenditure on Mobile Marketing | 5.79 |
| 4 | Renovation of existing Office Building & addition to existing Office Building at Deonar, Mumbai | 6.84 |
| 5 | Investment in Golden Harvest Middle East (FZC), UAE | 7.37 |
| 6 | To meet the working capital requirements of the Company | 17.76 |
| 7 | To meet General Corporate Expenses | 5.47 |
| 8 | To meet the issue expenses | 5.48 |
About Aries Agro IPO
Incorporated in 1969, Aries Agro Limited is in the business of manufacturing of micronutrients and other nutritional products for plants and animals.Aries Agro Limited have wide range of products spread across 5 main categories namely, Multi-micro nutrient fertilizers, Chelated micro nutrient fertilizers, Specialty soluble fertilizers, Anti-bacterial products for agricultural use and Nutritional products for animals. These categories can be grouped under 3 segments namely, plant nutrients, insecticides and veterinary products.Aries Agro Limited manufacturing facilities are located at Bangalore, Mumbai, Hyderabad and Kolkata. They have distribution network with 25 branches spread across all over India. Aries Agro Limited have been awarded with Quality Management System Standard ISO 9001:2000 from Kvalitet Veritas Quality Assurance.+ Read More
Contact Details
Aries Agro Ltd. AddressAries HousePlot No.24, DeonarGovandi (East)Mumbai, Maharashtra, 400043+91-22-25564052/53investorrelations@ariesagro.comVisit Website