Aster Silicates Ltd IPO : Finally subscribed 4.47 times

by khalid on 28/06/2010 · 0 comments

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. The IPO of Aster Silicates Ltd has received a good response from the investors with the final over-subscription figure nearing to about 4.47 times on an overall basis. QIB categories of investors have shown least support.

The category-wise subscription status of Parabolic Drugs Limited on closing day is given below:-

QIB : 0.01 Times
Non-Institutional Investors : 12.46 Times
Retail Investors : 7.41 Times
Overall : 4.47 Times

The proceeds of the IPO will be used for expansion of manufacturing facilities, to meet additional working capital requirements and and to meet Issue expenses.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 24th Jun 2010 – 28th Jun 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 4,741,071 Equity Shares of Rs 10 each
Issue Size : Rs. 53.10 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 112 – Rs.118 Per Equity Share
Market Lot : 50 Shares
Minimum Order Quantity : 50 Shares
Listing At : BSE, NSE

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