Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Aster Silicates IPO is a book built issue of Rs 53.10 crores.
Aster Silicates IPO bidding started from June 24, 2010 and ended on June 28, 2010. The shares got listed on BSE, NSE on July 28, 2010.
Aster Silicates IPO price band is set at ₹112 to ₹118 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹5,900.
Saffron Capital Advisors Private Limited is the book running lead manager of the Aster Silicates IPO, while Sharepro Services Private Limited is the registrar for the issue.
Refer to Aster Silicates IPO RHP for detailed information.
| IPO Date | June 24, 2010 to June 28, 2010 |
| Listing Date | July 28, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹112 to ₹118 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹53.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,361,111 |
| Share holding post issue | 14,861,111 |
Aster Silicates IPO offers 4,741,071 shares. 2,370,535 (50.00%) to QIB, 711,161 (15.00%) to NII, 1,659,375 (35.00%) to RII. 33,187 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,700 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,370,535 (50.00%) | NA |
| NII (HNI) Shares Offered | 711,161 (15.00%) | |
| Retail Shares Offered | 1,659,375 (35.00%) | 33,187 |
| Total Shares Offered | 4,741,071 (100%) |
Investors can bid for a minimum of 50 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 | 50 | ₹5,900 |
| Retail (Max) | 33 | 1650 | ₹194,700 |
| Lot Size Calculator | |||
Company’s Promoters are:
1. Mr. Mahesh A. Maheshwari and
2. Mrs. Namrata M. Maheshwari
| Share Holding Pre Issue | 71.43% |
| Share Holding Post Issue | 49.8% |
Incorporated in 1996, Aster Silicates Ltd is engaged in the business of manufacturing of sodium silicate which includes food grade sodium silicate, special drilling grade silicate and detergent grade silicate. Aster Silicates produce sodium silicate both in glass and liquid form. Food grade sodium silicate is used in the manufacturing of Silica precipitate and Gel which finds its applications in toothpaste, salt, cosmetics, glucose powder, tyre & rubber and pesticides etc. Sodium silicate, (special drilling grade silicate) is also used in off-shore drilling and for reactivation of old oil and gas fields. The sodium silicate manufactured by Aster is also used in water-proofing, infoundries and for investment casting, paper, silica gel, textiles and detergents.
Currently, Aster operate from two units in Gujarat having aggregate installed capacity of 150 MT of glass/day. Unit I has three furnaces with an average combined capacity of 100 MT of glass/day. Unit II has a single furnace with a capacity of 50 mts of glass/day, which is also triple pass regenerative and recuperative end fired glass furnace.
For the proposed project, Company intends to install a special designed triple pass regenerative and recuperative Furnace of 100 MT capacity each capable of working on biogas with a facility of having duel fuel arrangement for working on other fuel like Natural Gas etc. The furnace shall be capable of being operated both manually and automatically, and shall also possess versatility for manufacturing Sodium Silicate in glass and liquid format. For the expansion of manufacturing facilities at Bharuch, company initially intend to use Natural gas from Gujarat Gas Company Limited as a source of fuel. However, gradually, they intend to shift the fuel source to Biogas, and have Natural gas as a standby arrangement.
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 3031.09 | 3409.13 | 1699.42 | 832.76 | 864.62 | 815.69 |
| Profit After Tax (PAT) | 232.20 | 254.91 | 65.79 | 14.24 | (8.61) | 35.87 |
| KPI | Values |
|---|---|
| ROCE | 16.36% |
| RoNW | 14.18% |
The object of the issue are:
1. Expansion of Manufacturing facilities;
2. Additional Working Capital Requirements;
3. Public Issue expenses.
The Aster Silicates IPO is subscribed 4.47 times on June 28, 2010 5:00:00 PM. The public issue subscribed 7.41 times in the retail category, 0.01 times in the QIB category, and 12.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.01 |
| NII | 12.46 |
| Retail | 7.41 |
| Total | 4.47 |
| Listing Date | July 28, 2010 |
| BSE Script Code | 533219 |
| NSE Symbol | SHRIASTER |
| ISIN | INE900K01012 |
| Final Issue Price | ₹118 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹118.00 |
| ₹127.70 |
| ₹123.50 |
| ₹225.00 |
| ₹199.10 |
| NSE |
|---|
| ₹118.00 |
| ₹128.05 |
| ₹123.40 |
| ₹241.90 |
| ₹205.55 |
Aster Silicates Ltd
A- 602, Fairdeal House,
Swastik Char Rasta, Off C G Road,
Navrangpura, Ahmedabad – 380 009, Gujarat
Phone: + 91 79 26422840
Email: ipo@astersilicatesltd.com
Website: http://www.astersilicatesltd.com
Sharepro Services Private Limited
Phone: 9999999999
Email: aster.ipo@shareproservices.com
Website:
Aster Silicates IPO is a main-board IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹53.10 Crores. The issue is priced at ₹112 to ₹118 per share. The minimum order quantity is 50 Shares.
The IPO opens on June 24, 2010, and closes on June 28, 2010.
Sharepro Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Aster Silicates IPO opens on June 24, 2010 and closes on June 28, 2010.
Aster Silicates IPO lot size is 50 Shares, and the minimum amount required is ₹5,900.
You can apply in Aster Silicates 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 Aster Silicates IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aster Silicates IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
***BUY Astersilicate
above 56/-
stoploss 54.40
TARGET 59.20
***
TECHNICALs:
OVERSOLD situation
will likely to give Northward movement...
=============================
***USE STRICT STOPLOSS****
HAPPY DAY TRADING.