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Aster Silicates Ltd.

Aster Silicates Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹118
₹118
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹118
Based on GMP
Min. Investment
₹5,900
1 lot × 50 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
24 Jun 2010
Close Date
28 Jun 2010
Allotment
04 Jul 2010
Listing Date
28 Jul 2010
Exchange
NSE & BSE
Price Band
₹118
Listing Price
See chart
Allotment Status
Check registrar
Price Band
₹118
Per share
Face Value
₹10 per share
 
Lot Size
50 Shares
per lot
Issue Size
45,00,000 shares (aggregating up to ₹53.10 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹5,900
1 lot
Pre-IPO Holding
1,03,61,111 shares
Promoters
Post-IPO Holding
1,48,61,111 shares
Promoters
UPI Deadline
2010-06-28
Mandate
Anchor AllotmentWed, 23 Jun 2010
Basis of AllotmentSun, 04 Jul 2010
Refund InitiationMon, 05 Jul 2010
Demat CreditMon, 05 Jul 2010
Listing DayWed, 28 Jul 2010
UPI Mandate Deadline2010-06-28
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Subscription Rate Final
Aster Silicates Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Jun 2010.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
4,500,000
100% ₹53.10
IPO Shares Offered
Aster Silicates Ltd. IPO total issue size: ₹53.10 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 4,500,000 ₹53.10
100.00%
* Based on upper price band ₹118 per share
Lot Size & Investment
Lot Size
50
Shares per Lot
Issue Price
₹118.00
Upper Band
Min Investment
₹5,900
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2100₹11,800
Retail (Max — 33 Lots)331,650₹194,700
S-HNI (Min — 34 Lots)341,700₹200,600
B-HNI (Min — 170 Lots)1708,500₹1,003,000
* Issue Price ₹118 × Lot Size 50 shares
IPO Schedule
Anchor
23 Jun 2010
✓ Done
IPO Open
24 Jun 2010
✓ Done
IPO Close
28 Jun 2010
✓ Done
Allotment
04 Jul 2010
✓ Done
Refunds
05 Jul 2010
✓ Done
Demat Credit
05 Jul 2010
✓ Done
Listing Day
28 Jul 2010
✓ Done
Aster Silicates Ltd. — Live Price LIVE
₹118.00
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Issue ₹118.00 Live Price
About Aster Silicates Ltd.
Incorporated in 1996, 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 produce sodium silicate both in glass and liquid form. Food grade sodium silicate is used in the manufacturing of Silica precipitate and Gel which finds its applications in toothpaste, salt, cosmetics, glucose powder, tyre & rubber and pesticides etc. Sodium silicate, (special drilling grade silicate) is also used in off-shore drilling and for reactivation of old oil and gas fields. The sodium silicate manufactured by Aster is also used in water-proofing, infoundries and for investment casting, paper, silica gel, textiles and detergents.Currently, Aster operate from two units in Gujarat having aggregate installed capacity of 150 MT of glass/day. Unit I has three furnaces with an average combined capacity of 100 MT of glass/day. Unit II has a single furnace with a capacity of 50 mts of glass/day, which is also triple pass regenerative and recuperative end fired glass furnace.For the proposed project, Company intends to install a special designed triple pass regenerative and recuperative Furnace of 100 MT capacity each capable of working on biogas with a facility of having duel fuel arrangement for working on other fuel like Natural Gas etc. The furnace shall be capable of being operated both manually and automatically, and shall also possess versatility for manufacturing Sodium Silicate in glass and liquid format. For the expansion of manufacturing facilities at Bharuch, company initially intend to use Natural gas from Gujarat Gas Company Limited as a source of fuel. However, gradually, they intend to shift the fuel source to Biogas, and have Natural gas as a standby arrangement.
Objects of the Issue
1
1 Expansion of Manufacturing facilities
2
2 Additional Working Capital Requirements
3
3 Public Issue expenses
Aster Silicates Ltd. Financials (Amount in Lakhs)
Revenue from Operations
₹1,699.4
31-Mar-08
₹3,409.1
31-Mar-09
₹3,031.1
30-Sep-09
Profit After Tax (PAT)
₹65.8
31-Mar-08
₹254.9
31-Mar-09
₹232.2
30-Sep-09
Particulars30-Sep-0931-Mar-0931-Mar-08
Revenue from Operations 3031.09 3409.13 1699.42
EBITDA N/A N/A N/A
Profit After Tax (PAT) 232.20 254.91 65.79
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoCE
16.36%
RoNW
14.18%
Issue Structure & Shareholding
Total Shares Offered45,00,000 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding1,03,61,111 shares
Post-Issue Promoter Holding1,48,61,111 shares
P/BV RatioN/A
RoEN/A
RoCE16.36%
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
IPO Registrar
Sharepro Services Pvt.Ltd.
Book Running Lead Managers
Saffron Capital Advisors Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Aster Silicates Ltd. IPO subscribed?

Aster Silicates Ltd. IPO is subscribed 1.00 times by Jun 28, 2010. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Aster Silicates Ltd. IPO retail subscription status?

The Aster Silicates Ltd. IPO retail category is subscribed 1.00 times as of 28 Jun 2010. The retail portion is oversubscribed.

How to subscribe Aster Silicates Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 24 Jun 2010 and closes 28 Jun 2010. Min investment: ₹5,900 (1 lot = 50 shares). UPI mandate: 2010-06-28.

How many times Aster Silicates Ltd. IPO subscribed?

The Aster Silicates Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Aster Silicates Ltd. IPO allotment?

Check allotment on the registrar website (Sharepro Services Pvt.Ltd.). Enter your PAN, application number or DP/Client ID. Allotment date: 04 Jul 2010. Refunds: on 05 Jul 2010.

When Aster Silicates Ltd. IPO will be listed?

The Aster Silicates Ltd. IPO listing date is 28 Jul 2010, Wednesday. Listed on: NSE & BSE. Issue price: ₹118. Estimated listing: ₹118. GMP: NIL.

When Aster Silicates Ltd. IPO close?

The Aster Silicates Ltd. IPO closes on 28 Jun 2010, Monday. UPI mandate: 2010-06-28. Allotment: 04 Jul 2010. Listing: 28 Jul 2010.