Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Asha Resins Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the NSE SME. Hem Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Asha Resins IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 30, 2024 |
| SEBI/Exchange approval received | Thu, May 8, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in August 1993, Asha Resins Limited manufactures a range of water and wastewater treatment chemicals, including ion exchange resins, biocides, dispersants, polyelectrolytes, and various cleaning and treatment chemicals for sugar processing, RO, and fuel additives.
The company produces sugar process chemicals like evaporator antiscalant, mill sanitation chemicals, viscosity reducers, scale softeners, and Colour precipitants that enhance efficiency and improve sugar production quality.
The company produces sugar process chemicals like evaporator antiscalant, mill sanitation chemicals, viscosity reducers, scale softeners, and Colour precipitants that enhance efficiency and improve sugar production quality.
The company manufactures and supplies high-quality resin products, catering to a diverse range of industries including construction, automotive, electronics, and furniture.
The company produces sugar process chemicals like evaporator antiscalant, mill sanitation chemicals, viscosity reducers, scale softeners, and Colour precipitants that enhance efficiency and improve sugar production quality.
The company's manufacturing facility is situated in Pune, Maharashtra, and covers 65,000 square feet, with an annual installed capacity of 1560 metric tonnes.
The company holds the ISO 9001:2015 certification for quality management systems from QRO Certification LLP. Our products are marketed under the registered name “ASHAION.”
As of July 31, 2024, the company has 20 full-time employees, including managers.
Competitive Strength:
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 18.32 | 14.01 | 13.27 |
| Total Income | 17.00 | 19.36 | 16.29 |
| Profit After Tax | 3.73 | 2.14 | 1.78 |
| NET Worth | 14.16 | 10.43 | 8.29 |
| Reserves and Surplus | 14.01 | 10.28 | 8.14 |
| Total Borrowing | 0.06 | ||
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards civil construction work in the existing premises of factory | 6.26 |
| 2 | Funding of capital expenditure towards installation of additional Plant & Machinery in the existing premises of factory | 9.90 |
| 3 | General Corporate Purpose |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 22.90% |
| ROCE | 27.17% |
| RoNW | 26.34% |
| PAT Margin | 22.73% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% |
Lead Manager Reports
Asha Resins IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Asha Resins IPO open and close dates are not available as of now.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Asha Resins IPO using UPI as a payment gateway. Zerodha customers can apply in Asha Resins IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Asha Resins IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Asha Resins IPO dates are not announced. Please check back again after some time.
Asha Resins IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Asha Resins 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 Asha Resins IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Asha Resins IPO allotment status.
The Asha Resins IPO listing date is not yet announced. The tentative date of listing is .
