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Asahi Songwon Colors Ltd IPO (Asahi Songwon IPO) Detail

May 9, 2007 - May 15, 2007        

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 9, 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 & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved
 Day 1 - May 9, 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 

Asahi Songwon IPO News Alerts

  1. Thursday, May 31, 2007 10:26:00 AM
    IPO Listing - Asahi Songwon Colors Ltd.
  2. Monday, May 28, 2007 3:07:00 AM
    Asahi Songwon Colors Limited (ASCL) IPO Allotment
  3. Monday, May 7, 2007 2:05:00 PM
    Asahi Songwon Colors Ltd (ASCL) IPO opening on May 09

Asahi Songwon IPO Rating

Rating:Rated 3.4 stars

Vote Here ...

Asahi Songwon IPO Listing Date

Listing Date:Monday, June 4, 2007
BSE Scrip Code:532853
Listing In:B1 Group
Issue Price:Rs. 90.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

Issue Price:Rs. 90.00
Open:Rs. 93.00
Low:Rs. 87.65
High:Rs. 134.70
Last Trade:Rs. 89.95

Asahi Songwon IPO 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

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

Asahi Songwon IPO Lead Manager(s)

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Asahi Songwon IPO Messages (Asahi Songwon IPO Comments)

13. tanushree  Jun 4, 2007 12:08:00 AM IST |   Reply  |  tanushree's messages

asahi songwan to list close to its issue price only.


12. bhat  Jun 2, 2007 10:54:00 AM IST |   Reply  |  bhat's messages

listing @ R s95/


11. rpm  Jun 1, 2007 11:32:46 PM IST |   Reply  |  rpm's messages

What price is the expected on listing date?


10. rpm  Jun 1, 2007 11:27:25 PM IST |   Reply  |  rpm's messages

What is your opinion about ASAHI SONGWON?


9. ANAND   Jun 1, 2007 8:33:26 PM IST |   Reply  |  ANAND 's messages

tanushri- what is your opinion regarding this ipo


8. anmol  May 28, 2007 12:20:25 PM IST |   Reply  |  anmol's messages

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 6:42:35 PM IST |   Reply  |  Ayesha's messages

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


6. Margy  May 15, 2007 10:55:30 AM IST |   Reply  |  Margy's messages

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


5. uraheja  May 13, 2007 10:28:51 PM IST |   Reply  |  uraheja's messages

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 9, 2007 6:55:11 PM IST |   Reply  |  Ayesha's messages

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


3. Arun  May 8, 2007 2:16:18 PM IST |   Reply  |  Arun's messages

Hi Bunty,

You will get at cheaper price in Secondary Market


2. Bunty  May 7, 2007 11:05:45 PM IST |   Reply  |  Bunty's messages

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


1. Ayesha  May 7, 2007 10:31:15 PM IST |   Reply  |  Ayesha's messages