IPO Analysis: Aries Agro Ltd: India Infoline says Subscribe

Though India Infoline recommends subscribe, I think the BusinessLine recommendation of AVOID is more appropriate.

Aries Agro Ltd (AAL) has a wide range of products spread across five 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. Of these, the first three segments contribute approximately 92% of the total sales. These categories can be grouped under three segments namely, plant nutrients, insecticides and veterinary products. It has total capacity of 21,600tpa with manufacturing units located at Mumbai, Bangalore, Kolkata and Hyderabad.

ä Pioneer in Chelation technology.

ä Wide range of product portfolio.

ä Healthy distribution network.

ä Experienced promoters and management team with three decades experience.

Click below for IPO Note on Aries Agro Ltd

http://www.indiainfoline.com/adserver/InverstorReport_aries171207.asp

Warm Regards,

India Infoline Research Team

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