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Incorporated in 1996, Aster Silicates Ltd is engaged in the business of manufacturing of sodium silicate which includes food grade sodium silicate, special drilling grade silicate and detergent grade silicate. Aster Silicates produce sodium silicate both in glass and liquid form. Food grade sodium silicate is used in the manufacturing of Silica precipitate and Gel which finds its applications in toothpaste, salt, cosmetics, glucose powder, tyre & rubber and pesticides etc. Sodium silicate, (special drilling grade silicate) is also used in off-shore drilling and for reactivation of old oil and gas fields. The sodium silicate manufactured by Aster is also used in water-proofing, infoundries and for investment casting, paper, silica gel, textiles and detergents. Currently, Aster operate from two units in Gujarat having aggregate installed capacity of 150 MT of glass/day. Unit I has three furnaces with an average combined capacity of 100 MT of glass/day. Unit II has a single furnace with a capacity of 50 mts of glass/day, which is also triple pass regenerative and recuperative end fired glass furnace. For the proposed project, Company intends to install a special designed triple pass regenerative and recuperative Furnace of 100 MT capacity each capable of working on biogas with a facility of having duel fuel arrangement for working on other fuel like Natural Gas etc. The furnace shall be capable of being operated both manually and automatically, and shall also possess versatility for manufacturing Sodium Silicate in glass and liquid format. For the expansion of manufacturing facilities at Bharuch, company initially intend to use Natural gas from Gujarat Gas Company Limited as a source of fuel. However, gradually, they intend to shift the fuel source to Biogas, and have Natural gas as a standby arrangement.
Company’s Promoters are: 1. Mr. Mahesh A. Maheshwari and 2. Mrs. Namrata M. Maheshwari
| Particulars | For the year/period ended (Rs. in Lacs) |
| 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 |
| Total Income | 3031.09 | 3409.13 | 1699.42 | 832.76 | 864.62 | 815.69 |
| Profit After Tax (PAT) | 232.20 | 254.91 | 65.79 | 14.24 | (8.61) | 35.87 |
The object of the issue are:1. Expansion of Manufacturing facilities;2. Additional Working Capital Requirements;3. Public Issue expenses.
»» Issue Open: Jun 24, 2010 - Jun 28, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 4,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 53.10 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 112 - Rs. 118 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
| Number of Times Issue is Subscribed (BSE + NSE) | | As on Date & Time | Qualified Institutional Buyers (QIBs) | Non Institutional Investors | Retail Individual Investors (RIIs) | Total | | Shares Offered / Reserved | 2,370,535 | 711,161 | 1,659,375 | 4,741,071 | | Day 1 - Jun 24, 2010 17:00 IST | 0.0000 | 0.0000 | 0.0900 | 0.0300 | | Day 2 - Jun 25, 2010 17:00 IST | 0.0000 | 2.7400 | 0.7100 | 0.6600 | | Day 3 - Jun 28, 2010 17:00 IST | 0.0100 | 12.4600 | 7.4100 | 4.4700 |
Aster Silicates Ltd IPO Alerts
1. Tuesday, July 27, 2010 1:01:53 AM
2. Monday, June 28, 2010 10:10:18 AM
3. Thursday, June 24, 2010 8:10:55 AM
4. Friday, June 18, 2010 10:14:46 AM
IPO Rating
Rating: |
IPO Listing Detail
| Listing Date: | Wednesday, July 28, 2010 |
| BSE Scrip Code: | 533219 |
| NSE Symbol: | ASTERSILI |
| Listing In: | 'B' Group of Securities |
| Sector: | Others |
| ISIN: | INE900K01012 |
| Issue Price: | Rs. 118.00 Per Equity Share |
| Face Value: | Rs. 10.00 Per Equity Share |
Listing Day Trading Information
| BSE |
| Issue Price: | Rs. 118.00 |
| Open: | Rs. 127.70 |
| Low: | Rs. 123.50 |
| High: | Rs. 225.00 |
| Last Trade: | Rs. 199.10 |
| Volume: | 36,484,939 |
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| NSE |
| Rs. 118.00 |
| Rs. 128.05 |
| Rs. 123.40 |
| Rs. 241.90 |
| Rs. 205.55 |
| 59,469,318 |
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Aster Silicates Ltd IPO Links
Book Running Lead Manager(s)
Aster Silicates Ltd IPO Message Board
| Please Note: All views and opinions expressed in reader comments are solely those of the individual submitting the comment, and not those of the Chittorgarh.com or its staff. |
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| 279. Ravi, Bangalore Sep 02, 2010 12:58:16 PM IST Report Spam! |
278. bnsahu
You have your own system for buying & selling shares. Very nice.
Chart giving target of sub-4. However, chart is not everything. Whether it moves because of fundamentals or fixing, we don't know.
Don't allocate more than 10% of your resources to this company. |
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| 278. bnsahu Sep 01, 2010 7:45:22 AM IST Report Spam! |
Wednesday, September 1, 2010
ASTERSILI - check list
======================
NOW Mkt.cap Rs.86 crs
on 31st Aug 2010
Vs
TRUE Net Value Rs.95.47 Crs.
**************
**
**
FOR DELIVERY buy above Rs.59/- only
stoploss Rs.56/-
Target Rs.90/-.
***
HAPPY INVESTING. |
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| 277. bnsahu Aug 31, 2010 7:13:05 PM IST Report Spam! |
Mr.Ravi,
Thanks for your comments.
You may correct for projecting the price of Rs.3.45. But I am not booking loss at the moment due to following facts :
- HDFC Securitie is using the data of Capital Market whereas I am taking the data of Capital Market and Asian Cerc both. Both are having different analysis.
- It is very sorrow to note that HDFC securities does not have any self data bank for analysis. It had bought 2.64% shares of Raymond at very high price. Raymond Stock is very unliquid. The story of buying is hidden real estate value.
Whereas DLF and UNITECH are crying for profit in reaestate.
Qtrly.report of Raymond is also negative.
- ACTUALLY many shares like onmobile and wockartpharma are
very highly priced. Today my lower target of onmobile touched.
- WHEN Satyam Computer crashed from 180/- to 11/-, I was very much bullish and my upper target achieved at 114/-.
AT that time many are bearish.
- Since Astersili is in BEARGRIP with help of rules and money of investors are being sucked very smartly, it is the time to take special care while entering in the market.
- I AM ANALYSIING THE DATA PROVIDED BY THE CO., FINANCIAL
MAGZINES AND OTHER AVAILABLE SOURCES. IF EVERY THIRD CO. IS SATYAM COMPUTER, IT WILL BE DANGEROUS FOR EVERYONE. SO BE CARE. AND LOOK ON RIL ONLY....
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| 276. Ravi, Bangalore Aug 31, 2010 4:40:22 PM IST Report Spam! |
1. The company issued 0.33-crore equity shares to the promoter group at issue price of Rs 10 in the last one year.
For more details, copy & paste this link in URL.
http://hdfcsec.com/IPO/IPOStory.aspx?Heading=IPOAnalysis&NewsID=23b00e40-2f8b-4c06-a0a5-f1dea1bd5a56
2. Compared to peers, its valuation appears to be Rs.35.
3. Chart shows a price target of Rs.3.45.
Now you need to take your decision on this scrip. |
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| 275. Ravi, Bangalore Aug 31, 2010 12:36:29 PM IST Report Spam! |
272. bnsahu
Why Capital Market did not consider accruals from IPO for EPS? Perhaps, this company may be rising capital for its working capital requirement. If they rise funds to meet working capital requirement, it is strict NO-NO for investment. |
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| 274. bnsahu Aug 31, 2010 7:42:18 AM IST Report Spam! |
NOW,
===
MARKET CAP. Rs.90.43 crs.
vs.
ACTUAL VALUE Rs.95.49 crs.
NET PROFIT RATIO to MKT CAP. 22.11% (projected). |
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| 273. bnsahu Aug 29, 2010 8:13:36 PM IST Report Spam! |
A NEW LOOK OVER ASTERSILI:
MKT CAP. AS ON 27TH AUG 2010
is Rs,95crs..
****
COMPARE WITH VALUE
****
CASH in hand Rs.53.10 crs. (IPO amt)
NET BLOCK...Rs.19.98 crs. (As on 31.10.2010)
NET CURR.
ASSETS...........Rs.10.41 crs. " "
PROJ.NP.........Rs.10.00 crs For the Curr.Year
*****
TOTAL
VALUE Rs.95.49 crs. |
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| 272. bnsahu Aug 28, 2010 8:36:16 AM IST Report Spam! |
Mr. Ravi,
Thanks for your comment.
On old equity its EPS is 4.27 upto March 10.
Capital Market is showing EPS at 2.90 after IPO without giving the benefits of IPO amt.of Rs,53.1o crs..The co.
will have certain benefits with this interest free amount
and will accrue more profits.
THEREFORE THE PRICE OF STOCK CAN GO VERY EASILY UPTO Rs.120 TO 140 LOOKING AT PROJECTED EPS OF RS.10/- AND INDUSTRY'S AVERAE PE..
Certainly the stock is in BEARGRIP and price can move any where in lowerside. BUT falling wedge is generating the bullishness. THE SHARE IS FALLING WITH VERY LOW VOLUME IN DELIVERY. It is also a plus point.
ANY GOOD NEWS CAN PUSH THE PRICE UPWARD VERY EASILY.
I HAD BOUGHT THE STOCK AT 85/- ONLY. AND I AM LOOSING THE MONEY PRESENTLY.
The brokers are not giving the trading limit against these shares.
NOW LOOK FOR OTHER STOCKS - ONMOBILE, RAYMOND, WOCHART PHARMA WHICH ARE ON VERY HIGH PE.. AND WILL CERTAINLY CRASH UPTO REALVALUE IN VERY SHORT PERIOD.
BELOW ISSUE PRICE STOCKS ARE RPOER, NHPC etc..
INSIDER TRADING SHARES ARE RELIANCE,SATYAM COMP. and many others.. THE PRICE OF ICICI BANK IS MANIPULATED IN COMPARISON TO OTHER PSU BANK AND PVT BANKS.
Reliance is now in beargrip although it has shown very good profit in last qtr.. And Reliance will spoil the market as whole..
There is many hidden news in share market and I love to talk knowledgeable persons ike you.. |
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| 271. Ravi, Bangalore Aug 27, 2010 12:25:16 PM IST Report Spam! |
269. bnsahu
If industry average P/E is 14, what is this company's P/E? At the time of listing, I had calculated its fair value at Rs.35 based on relative valuation. I have not analysed in detail.
LTP is 66.75. It will face selling pressure in 76.5 & 99-106 zone.
It is showing Rs.3.45 as support level.
It is falling vertically. Hence, down-target cannot be given. |
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| 270. bnsahu Aug 27, 2010 7:50:32 AM IST Report Spam! |
industry average PE is 14..
its projected earning 10 EPS by the management.
LOOK for reasonable price appreciation.
***
FOR INTRADAY BUY ABOVE ONLY 67.10
STOPLOSS 66.20
TARGET 69.35.
****
USE STRICT LOSS WHILE TRADING.
HAPPY DAY TRADING.
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| 269. bnsahu Aug 21, 2010 11:25:32 PM IST Report Spam! |
THIS IS FOR MR RAVI BANGALORE :
******************************
ASTERSILI is a cash rich co. having
Rs.53.10 crs. from its recent IPO..
Today's market capitalisation is
Rs.109.53 crs. out of which 49.8% shares
belong to promoter.
**
It is serving to food, detergent and oil
drilling industries by supplying required &
own manufactured silicates.
ROCE is 36.9% till March 10.
***
PROJECTED EPS is 10 and Return on
Mkt Cap is 20% expected.
***
So it is a value pick at current price of
Rs.73.70.
***
Technically it looks, the stock has completed
the downtrend and sideway movement has
started. In low Qnty. it can be bought for
investment for short-term. Target is 123/-.
***
HAPPY TRADING. |
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| 268. Tamil nadu Aug 20, 2010 7:09:45 PM IST Report Spam! |
| Ha. Ha. Ha. how this stock, is go down and down, always better tamil nadu stock like thangamayil jewellery, it is good fundamental and good return to investor and good profit earning company in next quarter, happy investing. |
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| 267. bnsahu Aug 20, 2010 7:45:10 AM IST Report Spam! |
A NEW GEM FOR VALUE is ASTERSILICATE..
****
Data from Asian Cerc:
Upto March 10 -Sales Rs.81.67 crs.
Net Profit Rs.4.42 crs.
OPM 20.37% & NPM 7.14%
EPS 4.27..
****
Projection by Management on IPO:
Sales Rs.100 crs.
NPM 10%
Net profit Rs.10crs. + CC Rs.10crs.
EPS 10/-.
****
NOW it is your choice to buy or not at current price.
****
For intraday on 20thAug ...BUY ABOVE 77.45 ONLY
stoploss 76.70 tgt 79.80 & 80.50.....
++Above 79.80, UPPER freeze is possible.
***
HAPPY TRADING. |
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| 266. bnsahu Aug 17, 2010 9:45:21 PM IST Report Spam! |
A BARGAIN BUY - ASTERSILI !
CURRENT EPS 2.90 AND PROJECTING EPS 10/- ON USE OF 53.10 CRORES OF IPO. ALL DEBTS WILL BE PAID AND EXPANSION WILL PLAY THE GAME.... NOTHING TO LOOSE AT THIS PRICE......
***Technially it has just completed 13days of fall. Reversal of trend is possible. A pull back target is 123/- in due course of time. Have patience. |
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| 265. bnsahu Aug 16, 2010 11:52:38 AM IST Report Spam! |
FOR INTRADAY ONLY ON 16TH AUG 1980 -
BUY ABOVE 77/- STOPLOSS 76.70 TARGET 78.50 AND 80.90
USE STRICT STOPLOSS WHILE TRADING. |
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| 264. bnsahu Aug 15, 2010 8:07:09 PM IST Report Spam! |
| DEAR, THANK YOU FOR COMMENT. IF THERE ARE STILL KP AND HM, THE STOCK WILL CRASH AT ANY PRICE. GOVT.MUST LEARN FROM SATYAM EPISODE. IS THE PERIOD OF BOGUS BALANCE SHEETS AND FINANCIAL MANIPULATIONS. UDDYAN AT CNBC TOLD THAT 75-80 IS FAIR PRICE FOR THE ISSUE? WHY THE SEBI PERMITTED AT 118/- CROSS CHECKING IS REQUIRED TO SAVE THE INVESTORS.. |
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| 263. friend Aug 15, 2010 6:26:29 PM IST Report Spam! |
| retail investors , dont fall in trap of such fundamentally poor shares, whenever we buy a share , it comes in our account after 3 days, such shares may take upper circuit for 2-3 days but after that they may go down, as a result lower circuit starts even before shares come in our account. In the end I want to advise u to be very careful with circuit shares, on upper circuit its very difficult to buy and on lower circuit its very difficult to sell these shares. |
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| 262. bnsahu Aug 14, 2010 7:09:33 PM IST Report Spam! |
PLS CHECK WITH EYES OPEN ONLY - ASTERSILI PROJECTED SALES FOR CURRENT YEAR IS 100CRORES NET PROFIT IS 10CRORES ......APPLICATION IS IN PROCESS FOR CARBON CREDIT WHICH CAN FETCH AROUND 10CRS....
....USING INNOVATIVE TECHNOLOGY FOR FURNACES WHICH CAN SAVE COST. NEARBY BUYERS AND SUPPLIERS WILL ALSO GIVE MORE PROFITS....PROJECTED EPS RS.10/- FOR CURRENT YEAR.
THE POST IPO TOTAL EQUITY IS 14.86 CRS..
****
SOURCE IS MANAGEMENT VIEWS OVER CNBC..
A SHORT TERM BOUNCE BACK IS POSSIBLE ANY TIME AND TARGET IS 123/- MINIMUM.. OPEN OF 5% LOCKING WILL GIVE FAIR PRICE.. |
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| 261. noel Aug 13, 2010 11:37:13 AM IST Report Spam! |
| what is the support price for astersilicate stock? |
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| 260. N Shah Aug 06, 2010 7:06:51 PM IST Report Spam! |
| Nothing is going to happen to culprit people, its market buzz that SEBI office also have share in the loot and investigation will be just drama to buy time. |
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