Averina Resorts

Averina International Resorts Limited

Issue Opens : Issue Price: Rs. 12 /- per share (FV - Rs.4/-) Issue Size: 1,40,00,000 shares amounting to Rs.1680 lakhs Registrars to the Issue: Bigshare Services Pvt. Ltd.	Issue Closes: Minimum Application: 200 shares @ Rs.6/- each Post-issue promoter’s stake: 47.2% Lead Managers: Keynote Corporate Services Ltd.

Listing on: Bangalore, Mumbai and Ahmedabad Stock Exchanges

Highlights of the Issue

Has presence through out India in various cities.
Issue proceeds would be required to prepay external borrowings, improve and upgrade the existing facilities by renovation and to construct a banquet hall with a capacity of 650 persons.
A.A.J.Furtado and Xavier Furtado are the promoters.
Total income of the company has increased from Rs.735.79 lakhs in FY96 to Rs.1144.31 lakhs in FY2000 and net profit has increased from Rs.24.04 lakhs to Rs.67.22 lakhs respectively.
Total revenues for FY2001 estimated at Rs.1529.21 and net profit at Rs.390.02 lakhs respectively.
NRIs cannot apply.
Investors are advised to be cautious.

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