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 Open: May 9, 2007 - May 15, 2007
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Asahi Songwon IPO Messages (Asahi Songwon IPO Comments)
asahi songwan to list close to its issue price only.
listing @ R s95/
What price is the expected on listing date?
tanushri- what is your opinion regarding this ipo
I said Avoid, Bunty got angry.. It was for his Leg Pulling only I said Apply in full Quota!!
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?
my advise is to skip the issue, get better i.p.o, presently