Fixed Price IPO | ₹34 Cr | Listed at BSE, NSE | Wed, Feb 14, 2007 - Thu, Feb 22, 2007
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 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) (based on upper price). 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 Open
Wed, Feb 14, 2007
IPO Close
Thu, Feb 22, 2007
Issue Price
₹115 per share
Market Cap (Pre-IPO)
₹129.24 Cr
| IPO Date | 14 to 22 Feb, 2007 |
| Listed on | Tue, Mar 20, 2007 |
| Face Value | ₹10 per share |
| Issue Price | ₹115 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 29,71,006 shares (agg. up to ₹34 Cr) |
| Fresh Issue | 29,71,006 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 82,67,050 shares |
| Share Holding Post Issue | 1,12,38,050 shares |
| BSE Script Code / NSE Symbol | 532830 / ASTRAL |
| ISIN | INE006I01046 |
Astral Poly Technik IPO comprises a total issue size of 29,71,000 shares. The net offer to the public is 28,21,000 shares, after excluding 1,50,000 shares under a preferential allotment. Of the Net offer 14,10,500 (50.00%) allocated to NII 14,10,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| NII (HNI) Shares Offered | 14,10,500 | 50.00% | 47.48% | NA |
| Retail Shares Offered | 14,10,500 | 50.00% | 47.48% | 28,210 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,50,000 | 5.05% | NA | |
| Total Shares Offered | 29,71,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
| 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 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.
| 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 | Factory Land | 1.15 |
| 2 | New Factory Building | 5.11 |
| 3 | Plant & Machinery | 44.21 |
| 4 | Working Capital | 16.05 |
| 5 | Issue Expenses | 3.08 |
| 6 | Contingency | 1.52 |
| KPI | |
|---|---|
| RoNW | 22.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 86.74% | 63.81% |
| Market Cap | ₹129.24 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management fees and brokerage | 1.08 |
| 2 | Marketing and advertisement expenses | 0.50 |
| 3 | Stationery, printing and registrar expenses | 0.85 |
| 4 | Others (including Registrar's fees, legal fees, fees for auditors and bankers to the issue, stamp duty, initiallisting fees and annual listing fees, SEBI filing fees,other statutory fees, depository fees, and other relatedexpenses) | 0.45 |
| 5 | Contingencies | 0.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹115.00 | ₹115.00 |
| Open | ₹115.00 | ₹103.00 |
| Low | ₹100.20 | ₹100.00 |
| High | ₹115.00 | ₹113.65 |
| Last Trade | ₹104.55 | ₹105.35 |
Lead Manager Reports
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 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 50.
The IPO opens on Wed, Feb 14, 2007, and closes on Thu, Feb 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 Wed, Feb 14, 2007 and closes on Thu, Feb 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 Tue, Mar 20, 2007.
