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Astral IPO is a fixed price issue of Rs 34.17 crores.
Astral IPO bidding started from February 14, 2007 and ended on February 22, 2007. The shares got listed on BSE, NSE on March 20, 2007.
Astral IPO price is ₹115 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹5,750.
Karvy Investor Services Limited is the book running lead manager of the Astral IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Astral IPO RHP for detailed information.
| IPO Date | February 14, 2007 to February 22, 2007 |
| Listing Date | March 20, 2007 |
| Face Value | ₹10 per share |
| Price | ₹115 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 2,971,000 shares (aggregating up to ₹34.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 8,267,050 |
| Share holding post issue | 11,238,050 |
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 | ₹5,750 |
| Retail (Max) | 34 | 1700 | ₹195,500 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 86.74% |
| Share Holding Post Issue | 63.81% |
Astral Polytechnik Limited are leading manufacturer and provider of CPVC piping and plumbing systems in India. Astral has a techno-financial joint venture with Specialty Process LLC of USA, which provides the required technical expertise for manufacturing CPVC pipes and fittings for home and industrial application.
Astral has production facilities at Gujarat and Himachal Pradesh to manufacture plumbing systems from ½" to 8" diameter. Astral products include CPVC pipes and fittings for hot and cold water plumbing systems, CPVC industrial piping system for transportation of hazardous and highly corrosive chemicals, lead free PVC systems for cold water application.
| KPI | Values |
|---|---|
| RoNW | 22.64% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital
1. To part finance the expansion project of our existing line of business i.e CPVC pipes and fittings; Astral flowguard and Astral Corzan and PVC pipes and fittings (Aquarius) and also to finance manufacturing facilities of our upcoming products such as Astral underground systems, Astral Blazemaster fire sprinkler system and Astral SWR ;(Phase II)
2. To part finance incremental working capital requirements for our existing and upcoming line of activity.
| Listing Date | March 20, 2007 |
| BSE Script Code | 532830 |
| NSE Symbol | ASTRAL |
| ISIN | INE006I01046 |
| Final Issue Price | ₹115 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹115.00 |
| ₹115.00 |
| ₹100.20 |
| ₹115.00 |
| ₹104.55 |
| NSE |
|---|
| ₹115.00 |
| ₹103.00 |
| ₹100.00 |
| ₹113.65 |
| ₹105.35 |
Astral Poly Technik Limited
Astral Polytechnik Limited,
901, Parshwa Tower, Opp. Rajpath Club,
Sarkhej-Gandhinagar Highway, Ahmedabad - 380 054
Phone: +91-079- 30112100
Email: investor@astralcpvc.com
Website: http://www.astralcpvc.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Astral IPO is a main-board IPO of 2,971,000 equity shares of the face value of ₹10 aggregating up to ₹34.17 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 50 Shares.
The IPO opens on February 14, 2007, and closes on February 22, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Astral IPO opens on February 14, 2007 and closes on February 22, 2007.
Astral IPO lot size is 50 Shares, and the minimum amount required is ₹5,750.
You can apply in Astral 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 Astral IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Astral IPO allotment status.
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