Company Name : ARIES AGRO LTD

Issue Opens : 14 December, 2007
Issue Closes : 19 December, 2007
Expected Refund Date : 07 January, 2008

Issue Size : 4,500,000 (No. of Shares)

Price Bands
Lower Price Band (Rs) : 120
Upper Price Band (Rs) : 130
Total Size (Rs) : 59 Crores

Issue Allocation
Institutional: 2,250,000
HNI : 675,000
Retail : 1,575,000
Application Multiple : 50 and in multiples there off starting with atleast 50 shares
Maximum Shares : 750 (for Retail)

Cheque Drawn In Favour Of : "Escrow Account - Aries Public Issue - R" For HNI Bidders

Registrar to the Issue : Aarthi Consultants Pvt Ltd

Managers to the Issue : SREI Capital Markets Ltd

Information URL : ARIES AGRO LTD

Company Details
Address : ARIES HOUSE, PLOT NO. 24, DEONAR, GOVANDI (EAST), MUMBAI - 400 043
Email : investorrelations@ariesagro.com
Contact Details : 912225564052 , 912225564053/ 912225564054 (fax)

Company Background:
Aries Agro Ltd., an ISO 9001:2000 certified company, is in the business of manufacturing of micronutrients for plants and animals. The Company was founded by Dr. T. B. Mirchandani and Mrs. Bala Mirchandani in 1969. It became the brand leader in the field of mineral nutrition with a range of products including mineral premixes, milk boosters, protein concentrates, vitamin premixes, anti-coccidian and anti-bacterial feed additives.
In 1975, AAL diversified into nutrients for plant.

The company’s research zeroed in on "Metal Chelates" for plant micronutrients. The company pioneered the concept of Chelates in India with the introduction of "Agromin", a micronutrient fertilizer in the year 1975, followed by "Chelamin" in 1976. Agromin (chelated micronutrients) and Chelamin (chelated zinc) are the company's flagship brands. Aries Agro Ltd. is one of the leading manufacturer and seller of Chelates in the Country.
Aries Agro Ltd. is amongst the first few to receive license for use of bactericides for agricultural use by the Govt. of India. In 2001, AAL expanded its product line to include secondary nutrients - sulphur, magnesium and calcium and plant hormones. In the subsequent years, Aries continued expanding their plant nutrition product line to include value-added, water-soluble complexes of nitrogen (N), phosphorous (P) and potassium (K).

Aries Agro Ltd. has a very well developed distribution network of 65000 dealers spread all over India.

Objective of the Issue:
1. Setting up of new manufacturing units at Ahmedabad, Lucknow, Hyderabad and an additional unit in Maharashtra 2. To purchase Plant & Machinery at existing Factory in Mumbai 3. For Capital expenditure on Mobile Marketing 4. Renovation of existing Office Building & addition to existing Office Building at Deonar, Mumbai 5. Investment in Golden Harvest Middle East (FZC), UAE

Key Financials for the year ended March 31, 2007
Revenue Rs.774.07Mln, PAT Rs.86.94Mln,
EPS Rs.10.22, RoNW35.26%

Recommendation:
Aries Agro Ltd. pioneered the concept of Chelates in India, the Company has more than three decades of experience in the field of micronutrients. Apply for long term.

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