Aster Silicates Ltd IPO : Listing on 28th July 2010

by khalid on 28/07/2010 · 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. Aster Silicates Ltd has entered the capital market with an initial public offering (IPO) of 4,500,000 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 28th Jul 2010. The IPO was open from 24th June 2010 to 28th June 2010. The price band was Rs 112 to Rs 118 and the Issue Price was fixed at the upper level of price band, Rs 118 per equity share.

IPO Listing Detail :-

Listing Date: 28th July 2010
BSE Scrip Code : 533219
NSE Symbol : ASTERSILI
Listing In : ‘B’ Group of Securities
ISIN : INE900K01012
Issue Price : Rs. 118.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

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).

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