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Published by : The Motley FoolAsahi Songwon Colors Ltd. IPO listing date & Info:
Listing On: Monday, June 4, 2007
BSE Script Code: 532853
NSE Symbol: ASCL
Listing in: B1 Group
ISIN: INE228I01012
Issue Price: Rs. 90/- Per share (Face Value of Rs. 10/-)
IPO Allotment Status is now available online for Asahi Songwon Colors Limited (ASCL) IPO. Issue was closed on May 15, 2007.
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 is entering the capital markets with an initial public offering, IPO of equity shares aggregating Rs.335 Millions, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 90/- at lower level and Rs 108/- at upper level for equity share of Rs 10. The issue opens on May 09, 2007, and closes for subscription on May 15, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The Asahi Songwon IPO is proposed to open on May 9, 2007. The IPO application ends on May 15, 2007.
Retail investors can apply in the retail or non-institutional investor category from May 9, 2007 to May 15, 2007. The Asahi Songwon IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Asahi Songwon IPO will open for subscription on May 9, 2007. The public issue will close on May 15, 2007.
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