AMD Metplast Limited (AMDML) was promoted by Shri Ashok Gupta and family in 1983 as ‘Ashoka Metal Décor Private Ltd.’ to carry out the business of manufacturing packaging products for beverage industry. The name was changed to AMD Metplast Pvt. Limited in 2004 and subsequently, to its present form in 2006. 

CARE Grading:

CARE has assigned a ‘CARE IPO Grade 3′ to the proposed IPO of AMD Metplast Ltd. (AMDML). ‘CARE IPO Grade 3′ indicates Average Fundamentals. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. CARE’s IPO grading is an opinion on the fundamentals of the issuer. The grade assigned to any individual issue represents a relative assessment of the ‘fundamentals’ of the issuer. AMDML proposes an initial public offering of its 1,01,66,700 equity shares.

The grading takes into account AMDML’s established track record of more than two decades in beverage packaging industry, its long standing supply relationship with Hindustan Coca-cola Beverages Pvt. Ltd. (HCCBL) and other beverage manufacturers, its advanced manufacturing technology, sustained operating margin and satisfactory debt servicing track record. The grading is, however, constrained by concentration risk in the form of AMDML’s over-dependence on a single customer (HCCBL), slow down in the growth of carbonated soft drink industry and moderate corporate governance practices.

Cumulative Bid Details

Not Available at this time.