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Astral Poly Technik IPO is a fixed price issue of ₹34.17 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹34.17 crore.
Astral Poly Technik IPO bidding started from Feb 14, 2007 and ended on Feb 22, 2007. The shares got listed on BSE, NSE on Mar 20, 2007.
Astral Poly Technik IPO price is ₹115.00 per share . The lot size for an application is 50. The minimum amount of investment required by an individual investor (retail) is ₹5,750 (50 shares). The lot size investment for sNII is 35 lots (1,750 shares), amounting to ₹2,01,250, and for bNII, it is 174 lots (8,700 shares), amounting to ₹10,00,500.
The issue includes a reservation of up to 1,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Karvy Investor Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Astral Poly Technik IPO RHP for detailed Information.
| IPO Date | February 14, 2007 to February 22, 2007 |
| Listing Date | March 20, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹115 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,71,006 shares (aggregating up to ₹34.17 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 82,67,050 shares |
| Share Holding Post Issue | 1,12,38,050 shares |
Astral IPO offers total 29,71,000 shares. Out of which 14,10,500 (47.48%) allocated to NII, 14,10,500 (47.48%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| NII (HNI) Shares Offered | 14,10,500 (47.48%) | NA |
| Retail Shares Offered | 14,10,500 (47.48%) | 28,210 |
| Employee Shares Offered | 1,50,000 (5.05%) | NA |
| Total Shares Offered | 29,71,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Astral Poly Technik IPO opens on February 14, 2007, and closes on February 22, 2007.
| IPO Open Date | Wed, Feb 14, 2007 |
| IPO Close Date | Thu, Feb 22, 2007 |
| Tentative Listing Date | Tue, Mar 20, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 22, 2007 |
Investors can bid for a minimum of 50 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 | 50 | ₹5,750 |
| Retail (Max) | 34 | 1,700 | ₹1,95,500 |
| S-HNI (Min) | 35 | 1,750 | ₹2,01,250 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Astral Polytechnik Limited are leading manufacturer and provider of CPVC piping and plumbing systems in India. Astral has a techno-financial joint venture with Specialty Process LLC of USA, which provides the required technical expertise for manufacturing CPVC pipes and fittings for home and industrial application.
Astral has production facilities at Gujarat and Himachal Pradesh to manufacture plumbing systems from ½" to 8" diameter. Astral products include CPVC pipes and fittings for hot and cold water plumbing systems, CPVC industrial piping system for transportation of hazardous and highly corrosive chemicals, lead free PVC systems for cold water application.
| KPI | Values |
|---|---|
| RoNW | 22.64% |
The Company Astral 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 | Factory Land | 11.50 |
| 2 | New Factory Building | 51.14 |
| 3 | Plant & Machinery | 442.12 |
| 4 | Working Capital | 160.49 |
| 5 | Issue Expenses | 30.76 |
| 6 | Contingency | 15.19 |
| Listing Date | March 20, 2007 |
| BSE Script Code | 532830 |
| NSE Symbol | ASTRAL |
| ISIN | INE006I01046 |
| Final Issue Price | ₹115 per share |
| BSE Listing Group | B1 |
Astral Poly Technik Ltd.
Astral Polytechnik Limited,
901, Parshwa Tower, Opp. Rajpath Club,
Sarkhej-Gandhinagar Highway, Ahmedabad - 380 054
Ahmedabad, Gujarat
Phone: +91-079- 30112100
Email: investor@astralcpvc.com
Website: http://www.astralcpvc.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Astral Poly Technik IPO is a main-board IPO of 29,71,006 equity shares of the face value of ₹10 aggregating up to ₹34.17 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 50.
The IPO opens on February 14, 2007, and closes on February 22, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Astral Poly Technik IPO using UPI as a payment gateway. Zerodha customers can apply in Astral Poly Technik IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Astral Poly Technik IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Astral Poly Technik IPO opens on February 14, 2007 and closes on February 22, 2007.
Astral Poly Technik IPO lot size is 50, and the minimum amount required for application is ₹5,750.
You can apply in Astral Poly Technik 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 Astral Poly Technik IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Astral Poly Technik IPO allotment status.
The Astral Poly Technik IPO listing date is on Tuesday, March 20, 2007.
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