FREE Account Opening + No Clearing Fees

Asahi Songwon Colors Ltd IPO (Asahi Songwon IPO) Detail

May 9, 2007 - May 15, 2007

Asahi Songwon IPO is a book built issue of Rs 33.50 crores.

Asahi Songwon IPO bidding started from May 9, 2007 and ended on May 15, 2007. The shares got listed on BSE on June 4, 2007.

Asahi Songwon IPO price band is set at ₹90 to ₹108 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,480.

Fortune Financial Services (India) Limited is the book running lead manager of the Asahi Songwon IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Asahi Songwon IPO RHP for detailed information.

Asahi Songwon IPO Details

IPO Date May 9, 2007 to May 15, 2007
Listing Date June 4, 2007
Face Value ₹10 per share
Price Band ₹90 to ₹108 per share
Lot Size 60 Shares
Total Issue Size3,722,222 shares
(aggregating up to ₹33.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE

Asahi Songwon IPO Lot Size

Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 60 ₹6,480
Retail (Max) 30 1800 ₹194,400
Lot Size Calculator

About Asahi Songwon Colors Ltd

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 (Asahi Songwon IPO Objectives)

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.

Asahi Songwon IPO Subscription Status (Bidding Detail)

The Asahi Songwon IPO is subscribed 1.85 times on May 15, 2007 5:00:00 PM. The public issue subscribed 0.52 times in the retail category, 3.22 times in the QIB category, and 0.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Asahi Songwon IPO Prospectus

Asahi Songwon IPO Rating

Rating:Rated 3.4 stars
Vote Here ...

Asahi Songwon IPO Listing Details

Listing Date June 4, 2007
BSE Script Code 532853
ISIN INE228I01012
Final Issue Price ₹90 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Asahi Songwon Colors Ltd Contact Details

Asahi Songwon Colors Ltd
167/168, Indrad Village,
Kadi Kalol Road,
Dist. Mehsana,Gujarat-382727 (India)
Phone: +91-2764 - 233007

Asahi Songwon IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Asahi Songwon IPO - Buy or Not

Asahi Songwon IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Asahi Songwon IPO FAQs

Asahi Songwon IPO is a main-board IPO of 3,722,222 equity shares of the face value of ₹10 aggregating up to ₹33.50 Crores. The issue is priced at ₹90 to ₹108 per share. The minimum order quantity is 60 Shares.

The IPO opens on May 9, 2007, and closes on May 15, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Asahi Songwon IPO opens on May 9, 2007 and closes on May 15, 2007.

Asahi Songwon IPO lot size is 60 Shares, and the minimum amount required is ₹6,480.

You can apply in Asahi Songwon IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Asahi Songwon IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Asahi Songwon IPO allotment status.

The Asahi Songwon IPO listing date is on June 4, 2007.
Open an Instant Account with Zerodha

Asahi Songwon IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



13. tanushree |   Link |June 4, 2007 1:08:00 AM
asahi songwan to list close to its issue price only.
12. bhat |   Link |June 2, 2007 11:54:00 AM
listing @ R s95/
11. rpm |   Link |June 2, 2007 12:32:46 AM
What price is the expected on listing date?
10. rpm |   Link |June 2, 2007 12:27:25 AM
What is your opinion about ASAHI SONGWON?
9. ANAND |   Link |June 1, 2007 9:33:26 PM
tanushri- what is your opinion regarding this ipo
8. anmol |   Link |May 28, 2007 1:20:25 PM
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 |   Link |May 15, 2007 7:42:35 PM
I said Avoid, Bunty got angry.. It was for his Leg Pulling only I said Apply in full Quota!!
6. Margy |   Link |May 15, 2007 11:55:30 AM
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 |   Link |May 13, 2007 11:28:51 PM
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 |   Link |May 9, 2007 7:55:11 PM
Dear Bunty,
Pl. apply Full quota..!!!
3. Arun |   Link |May 8, 2007 3:16:18 PM
Hi Bunty,

You will get at cheaper price in Secondary Market
2. Bunty |   Link |May 8, 2007 12:05:45 AM
Dear ayesha,
why avoid...!!!!!!!! Any reason.
1. Ayesha |   Link |May 7, 2007 11:31:15 PM