Bookbuilding IPO | ₹33 Cr | Listed at BSE | Wed, May 9, 2007 - Tue, May 15, 2007
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 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,480 (60 shares) (based on upper price). 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 Open
Wed, May 9, 2007
IPO Close
Tue, May 15, 2007
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹110.45 Cr
| IPO Date | 9 to 15 May, 2007 |
| Listed on | Mon, Jun 4, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹108 |
| Issue Price | ₹90 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 37,22,222 shares (agg. up to ₹33 Cr) |
| Fresh Issue | 37,22,222 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 85,50,040 shares |
| Share Holding Post Issue | 1,22,72,262 shares |
| BSE Script Code | 532853 ASAHISONG |
| ISIN | INE228I01012 |
Asahi Songwon Colors IPO comprises a total issue size of 37,22,222 shares. Out of which, 18,61,111 (50.00%) are allocated to QIB, 5,58,333 (15.00%) allocated to NII 13,02,778 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Land and Land Development | 0.15 |
| 2 | Buildings | 6.04 |
| 3 | Process Equipments | 22.32 |
| 4 | Pipes & Pipe fittings | 0.87 |
| 5 | Erection/Piping/Paints | 1.20 |
| 6 | Insulation | 0.40 |
| 7 | Electrical cables/Panel boards/Motors | 1.10 |
| 8 | Instrumentation | 0.40 |
| 9 | R&D Centre (Equips.) | 0.40 |
| 10 | Misc. Fixed Assets | 1.53 |
| 11 | P&P expenses incl. Issue expenses | 4.04 |
| 12 | Contingency @ 2% | 0.40 |
| 13 | Working Capital Margin | 13.15 |
| KPI | |
|---|---|
| RoNW | 25.85% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 69.67% |
| Market Cap | ₹110.45 Cr. |
The Asahi Songwon IPO is subscribed 1.85 times on May 15, 2007 5:00:00 PM (Day 5). The public issue subscribed 0.52 times in the retail category, 3.22 times in the QIB category, and 0.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees (Inclusive of Underwriting) | 1.10 |
| 2 | Registrars Fee and Postage / Other Charges | 0.03 |
| 3 | Stock Exchange Charges | 0.05 |
| 4 | Legal Fee | 0.11 |
| 5 | Advertisement and Publicity | 0.56 |
| 6 | Printing of Prospectus, Application Forms and Distribution | 0.80 |
| 7 | Brokerage for Distribution | 0.10 |
| 8 | Miscellaneous Expenses/ Contingencies | 0.06 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹93.00 |
| Low | ₹87.65 |
| High | ₹134.70 |
| Last Trade | ₹89.95 |
Lead Manager Reports
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 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 60.
The IPO opens on Wed, May 9, 2007, and closes on Tue, 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 Wed, May 9, 2007 and closes on Tue, 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 Mon, Jun 4, 2007.
