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Asahi Songwon IPO is a book built issue of Rs 33.50 crores.
Asahi Songwon IPO bidding started from May 9, 2007 and ended on May 15, 2007. The shares got listed on BSE on June 4, 2007.
Asahi Songwon IPO price band is set at ₹90 to ₹108 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,480.
Fortune Financial Services (India) Limited is the book running lead manager of the Asahi Songwon IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Asahi Songwon IPO RHP for detailed information.
| IPO Date | May 9, 2007 to May 15, 2007 |
| Listing Date | June 4, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹108 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 3,722,222 shares (aggregating up to ₹33.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 8,550,040 |
| Share holding post issue | 12,272,262 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,480 |
| Retail (Max) | 30 | 1800 | ₹194,400 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 81.34% |
| Share Holding Post Issue | 56.67% |
Incorporated in 1990 Asahi Songwon Colors Limited (ASCL) is in business of manufacture of blue and green pigments, more specifically Copper Phthalocyanine (CPC) Blue Crude and Pigment Green.
ASCL manufactures CPC Blue Crude with installed capacity of 3600 tons per annum at Padra, Vadodara and Pigment Green-7 with an installed capacity of 1200 tons per annum at Kadi, Mehsana. It also deals in pigments, such as Pigment Alfa Blue 15:0, Pigment Alfa Blue 15:1 and Pigment Beta Blue 15:3.
| KPI | Values |
|---|---|
| RoNW | 25.85% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. To meet the cost of expansion projects envisaging increase in the capacity of CPC Blue Crude from present level of 3600 TPA to 10800 TPA;
2. To meet the cost of project for setting up 1200 TPA pigment beta blue plant;
3. To set up captive Power plant of 2MW capacity to reduce the cost of power and ensuring uninterrupted power supply.
The Asahi Songwon IPO is subscribed 1.85 times on May 15, 2007 5:00:00 PM. The public issue subscribed 0.52 times in the retail category, 3.22 times in the QIB category, and 0.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | June 4, 2007 |
| BSE Script Code | 532853 |
| NSE Symbol | ASAHISONG |
| ISIN | INE228I01012 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹90.00 |
| ₹93.00 |
| ₹87.65 |
| ₹134.70 |
| ₹89.95 |
Asahi Songwon Colors Ltd
167/168, Indrad Village,
Kadi Kalol Road,
Dist. Mehsana,Gujarat-382727 (India)
Phone: +91-2764 - 233007
Email: ipo@asahisongwon.com
Website: http://www.asahisongwon.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ascl.ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Asahi Songwon IPO is a main-board IPO of 3,722,222 equity shares of the face value of ₹10 aggregating up to ₹33.50 Crores. The issue is priced at ₹90 to ₹108 per share. The minimum order quantity is 60 Shares.
The IPO opens on May 9, 2007, and closes on May 15, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.
The Asahi Songwon IPO opens on May 9, 2007 and closes on May 15, 2007.
Asahi Songwon IPO lot size is 60 Shares, and the minimum amount required is ₹6,480.
You can apply in Asahi Songwon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Asahi Songwon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Asahi Songwon IPO allotment status.
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