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.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. To meet the cost of expansion projects envisaging increase in the capacity of CPC Blue Crude from present level of 3600 TPA to 10800 TPA;
2. To meet the cost of project for setting up 1200 TPA pigment beta blue plant;
3. To set up captive Power plant of 2MW capacity to reduce the cost of power and ensuring uninterrupted power supply.

Issue Detail:

  »»  Issue Open: May 09, 2007 - May 15, 2007
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 3,722,222 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 33.50 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 90 - Rs. 108 Per Equity Share
  »»  Market Lot: 60 Shares
  »»  Minimum Order Quantity: 60 Shares
  »»  Listing At: BSE, NSE

Issue Subscription Detail / Current Bidding Status

	Number of Times Issue is Subscribed (BSE + NSE)
As on Date & Time	Qualified Institutional Buyers (QIBs)	Non Institutional Investors (NIIs)	Retail Individual Investors (RIIs)	Total
Shares Offered / Reserved
Day 1 - May 09, 2007 17:00 IST	0.0000	0.0000	0.0032	0.0000
Day 2 - May 10, 2007 17:00 IST	0.0000	0.0000	0.0044	0.0000
Day 3 - May 11, 2007 17:00 IST	0.0000	0.0000	0.0102	0.0000
Day 4 - May 14, 2007 17:00 IST	0.0000	0.0054	0.1439	0.0500
Day 5 - May 15, 2007 17:00 IST	3.2151	0.3869	0.5228	1.8500

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Asahi Songwon IPO News Alerts

Thursday, May 31, 2007 10:26:00 AM
IPO Listing - Asahi Songwon Colors Ltd.
Monday, May 28, 2007 3:07:00 AM
Asahi Songwon Colors Limited (ASCL) IPO Allotment
Monday, May 07, 2007 2:05:00 PM
Asahi Songwon Colors Ltd (ASCL) IPO opening on May 09

Asahi Songwon IPO Rating

Rating: 3.4

3.4

Rating:

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IPO Reviews | IPO Gradings | Recommendations

Asahi Songwon IPO Listing Date

Listing Date:	Monday, June 04, 2007
BSE Scrip Code:	532853
NSE Symbol:	ASCL
Listing In:	B1 Group
Sector:	Chemicals
ISIN:	INE228I01012
Issue Price:	Rs. 90.00 Per Equity Share
Face Value:	Rs. 10.00 Per Equity Share

Listing Day Trading Information

	BSE
Issue Price:	Rs. 90.00
Open:	Rs. 93.00
Low:	Rs. 87.65
High:	Rs. 134.70
Last Trade:	Rs. 89.95
Volume:	6,293,504

Asahi Songwon IPO Prospectus

› Draft Prospectus with SEBI

› Red Herring Prospectus

Company Contact Information

Registered Office :
    167/168, Indrad Village,
    Kadi Kalol Road,
    Dist. Mehsana,Gujarat-382727 (India)
Phone: +91-2764 - 233007
Fax: +91-2764 - 233020
Email: ipo@asahisongwon.com
Website: http://www.asahisongwon.com/

Asahi Songwon IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: ascl.ipo@intimespectrum.com
Website: http://www.linkintime.co.in

Asahi Songwon IPO Lead Manager(s)

1. Fortune Financial Services (India) Limited » Report

Asahi Songwon IPO Messages (Asahi Songwon IPO Comments)

Post New Message ...

13. tanushree Jun 04, 2007 1:08:00 AM IST | Reply | Like | Report Abuse
tanushree's - IPO Recommendations, IPO Comments, Public Profile

asahi songwan to list close to its issue price only.

12. bhat Jun 02, 2007 11:54:00 AM IST | Reply | Like | Report Abuse
bhat's - IPO Recommendations, IPO Comments, Public Profile

listing @ R s95/

11. rpm Jun 02, 2007 12:32:46 AM IST | Reply | Like | Report Abuse
rpm's - IPO Recommendations, IPO Comments, Public Profile

What price is the expected on listing date?

10. rpm Jun 02, 2007 12:27:25 AM IST | Reply | Like | Report Abuse
rpm's - IPO Recommendations, IPO Comments, Public Profile

Tanushree,
What is your opinion about ASAHI SONGWON?

9. ANAND Jun 01, 2007 9:33:26 PM IST | Reply | Like | Report Abuse
ANAND 's - IPO Recommendations, IPO Comments, Public Profile

tanushri- what is your opinion regarding this ipo

8. anmol May 28, 2007 1:20:25 PM IST | Reply | Like | Report Abuse
anmol's - IPO Recommendations, IPO Comments, Public Profile

Hey Everybpdy

Allotment is out on Intime Spectrum site
So plz. let me know your 8 digit application numbers or get it yourself

Wish u all happy trading

7. Ayesha May 15, 2007 7:42:35 PM IST | Reply | Like | Report Abuse
Ayesha's - IPO Recommendations, IPO Comments, Public Profile

I said Avoid, Bunty got angry.. It was for his Leg Pulling only I said Apply in full Quota!!

6. Margy May 15, 2007 11:55:30 AM IST | Reply | Like | Report Abuse
Margy's - IPO Recommendations, IPO Comments, Public Profile

Does Ayesha know anything about this IPO? You are the one to avoid in the beginning, then you say apply in full...do you know what the hell you are talking about?

5. uraheja May 13, 2007 11:28:51 PM IST | Reply | Like | Report Abuse
uraheja's - IPO Recommendations, IPO Comments, Public Profile

my advise is to skip the issue, get better i.p.o, presently

and by the way miss ayesh you have recommended this issue to apply full and earlier you have said to avoid the issue ,

4. Ayesha May 09, 2007 7:55:11 PM IST | Reply | Like | Report Abuse
Ayesha's - IPO Recommendations, IPO Comments, Public Profile

Dear Bunty,
Pl. apply Full quota..!!!

3. Arun May 08, 2007 3:16:18 PM IST | Reply | Like | Report Abuse
Arun's - IPO Recommendations, IPO Comments, Public Profile

Hi Bunty,

You will get at cheaper price in Secondary Market

2. Bunty May 08, 2007 12:05:45 AM IST | Reply | Like | Report Abuse
Bunty's - IPO Recommendations, IPO Comments, Public Profile

Dear ayesha,
why avoid...!!!!!!!! Any reason.

1. Ayesha May 07, 2007 11:31:15 PM IST | Reply | Like | Report Abuse
Ayesha's - IPO Recommendations, IPO Comments, Public Profile

Avoid

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