Aster Silicates limited is a company involved in the manufacturing of food grade Sodium Silicate for last 12 years. The company has filed Draft Red Hearing Prospects (DRHP) with the market regulator SEBI to float an IPO for raising money from primary market. The company is going to raise Rs 53.10 crores through this IPO.

The proceeds of this proposed IPO will be used for expansion of manufacturing facilities (Rs 44.32.19 crores), additional working capital requirements (Rs 7.5 crores) and public issue expenses (Rs 5 crores). The above amount included internal accruals of Rs 3.72 crore.

Related articles by Zemanta

• Daylife Hits the One Billion Call Mark (upendra.shardanand.com)

Related posts:

1. Sumatex Ltd IPO : files DRHP with SEBI Sumatex Limited is a computerized textile patern making company....
2. Tarapur Transformers IPO : files DRHP with SEBI Tarapur Transformers is a subsidiary of Bilpower. The company has...
3. Aqua Logistics IPO : Files papers with SEBI Aqua Logistics is a Mumbai based integrated logistics service...
4. Talwalkars IPO : Files DRHP with SEBI Talwalkars Better Value Pvt Ltd (TBVF), commonly famous as...
5. United Bank of India IPO : Files for DRHP with SEBI United Bank of India, is government-owned and one of...

Related posts brought to you by Yet Another Related Posts Plugin.