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Asahi Songwon Colors IPO is a book build issue of ₹33.50 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹33.50 crore.
Asahi Songwon Colors IPO bidding started from May 9, 2007 and ended on May 15, 2007. The shares got listed on BSE on Jun 4, 2007.
Asahi Songwon Colors IPO price band is set at ₹90.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,400 (60 shares). The lot size investment for sNII is 38 lots (2,280 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (11,160 shares), amounting to ₹10,04,400.
Fortune Financial Services (India) Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Asahi Songwon Colors IPO RHP for detailed Information.
| IPO Date | May 9, 2007 to May 15, 2007 |
| Listing Date | June 4, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 to ₹108 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,22,222 shares (aggregating up to ₹33.50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 85,50,040 shares |
| Share Holding Post Issue | 1,22,72,262 shares |
Asahi Songwon IPO offers total 37,22,222 shares. Out of which 18,61,111 (50.00%) allocated to QIB, 5,58,333 (15.00%) allocated to NII, 13,02,778 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 18,61,111 (50.00%) | NA |
| NII (HNI) Shares Offered | 5,58,333 (15.00%) | NA |
| Retail Shares Offered | 13,02,778 (35.00%) | 21,712 |
| Total Shares Offered | 37,22,222 (100.00%) |
Asahi Songwon Colors IPO opens on May 9, 2007, and closes on May 15, 2007.
| IPO Open Date | Wed, May 9, 2007 |
| IPO Close Date | Tue, May 15, 2007 |
| Tentative Listing Date | Mon, Jun 4, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 15, 2007 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹5,400 |
| Retail (Max) | 37 | 2,220 | ₹1,99,800 |
| S-HNI (Min) | 38 | 2,280 | ₹2,05,200 |
| S-HNI (Max) | 185 | 11,100 | ₹9,99,000 |
| B-HNI (Min) | 186 | 11,160 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 manufactures CPC Blue Crude with installed capacity of 3600 tons per annum at Padra, Vadodara and Pigment Green-7 with an installed capacity of 1200 tons per annum at Kadi, Mehsana. It also deals in pigments, such as Pigment Alfa Blue 15:0, Pigment Alfa Blue 15:1 and Pigment Beta Blue 15:3.
| KPI | Values |
|---|---|
| RoNW | 25.85% |
The Company Asahi Songwon IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Land and Land Development | 1.50 |
| 2 | Buildings | 60.40 |
| 3 | Process Equipments | 223.20 |
| 4 | Pipes & Pipe fittings | 8.70 |
| 5 | Erection/Piping/Paints | 12.00 |
| 6 | Insulation | 4.00 |
| 7 | Electrical cables/Panel boards/Motors | 11.00 |
| 8 | Instrumentation | 4.00 |
| 9 | R&D Centre (Equips.) | 4.00 |
| 10 | Misc. Fixed Assets | 15.30 |
| 11 | P&P expenses incl. Issue expenses | 40.40 |
| 12 | Contingency @ 2% | 4.00 |
| 13 | Working Capital Margin | 131.50 |
| Listing Date | June 4, 2007 |
| BSE Script Code | 532853 |
| NSE Symbol | ASAHISONG |
| ISIN | INE228I01012 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | B1 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹93.00 |
| Low | ₹87.65 |
| High | ₹134.70 |
| Last Trade | ₹89.95 |
Asahi Songwon Colors Ltd.
167/168, Indrad Village,
Kadi Kalol Road,
Dist. Mehsana,Gujarat-382727 (India)
Mehsana, Gujarat
Phone: +91-2764 - 233007
Email: ipo@asahisongwon.com
Website: http://www.asahisongwon.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ascl.ipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Asahi Songwon Colors IPO is a main-board IPO of 37,22,222 equity shares of the face value of ₹10 aggregating up to ₹33.50 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 60.
The IPO opens on May 9, 2007, and closes on May 15, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Asahi Songwon Colors IPO using UPI as a payment gateway. Zerodha customers can apply in Asahi Songwon Colors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Asahi Songwon Colors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Asahi Songwon Colors IPO opens on May 9, 2007 and closes on May 15, 2007.
Asahi Songwon Colors IPO lot size is 60, and the minimum amount required for application is ₹5,400.
You can apply in Asahi Songwon Colors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Asahi Songwon Colors IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Asahi Songwon Colors IPO allotment status.
The Asahi Songwon Colors IPO listing date is on Monday, June 4, 2007.
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