Incorporated in 2003, Asian Granito India Limited (AGIL) is in the business of manufacturing vitrified tiles. Asian Granito's products include glazed, unglazed, rustic, matte, homogenous and non-homogenous body, water jet cutting, tailor made designs or customized tiles. Asian Granito's manufacturing plants is located in Himmatnagar, Gujarat.
Asian Granito is one of the largest ISO 9001 Certified vitrified tiles manufacturers in India. AGIL has two state-of-the-art manufacturing plants, technically collaborated with SACMI, ITALY, the world class leader in ceramic technology. AGIL has extensive network of business associates, 250 distributors, more then 3500 retail counters and 19 depots in all over India. The company has won 20 best display awards till date.
AGIL's subsidiary, Asian Tiles Ltd, manufacturer of ceramic floor tiles, has a manufacturing plant at Jawanpura, Gujarat. It has manufacturing capacity of 7000 square meters per day.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Setting up of a wall tile unit;
2. Modernisation and expansion of existing vitrified tile manufacturing unit.
| Issue Open | Jul 26, 2007 - Jul 31, 2007 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7,000,000 Eq Shares of ₹10 (aggregating up to ₹67.90 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹85 - ₹102 Per Equity Share |
| Market Lot | 60 Shares |
| Min Order Quantity | 60 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 60 | ₹6,120 |
| Maximum | 32 | 1920 | ₹195,840 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Jul 31, 2007 17:00 | 3.10x | 10.01x | 4.66x | 1.38x | 4.51x | |
| Listing Date | Thursday, August 23, 2007 |
| BSE Script Code | 532888 |
| NSE Symbol | ASIANTILES |
| Listing In | B1 |
| ISIN | INE022I01019 |
| Issue Price | ₹97 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
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Asian Granito India Ltd
City Mall, 2nd Floor, Beside Rajpath Club,
Sarkhej – Gandhinagar Highway Road,
Ahmedabad – 380 054
Phone: +91 79 3291 9687
Email: ipo@asiangranito.com
Website: http://www.asiangranito.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: agilipo@intimespectrum.com
Website: http://www.linkintime.co.in
Asian Granito IPO is an main-board initial public offering of 7,000,000 equity shares of the face value of ₹10 aggregating up to ₹67.90 Crores.
The issue price of the IPO is ₹85 - ₹102 Per Equity Share. The minimum order quantity is 60 Shares per application and the offer type is Book Built Issue.
The IPO opens on Jul 26, 2007 and closes on Jul 31, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Asian Granito IPO opens on Jul 26, 2007 and closes on Jul 31, 2007.
Asian Granito IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Asian Granito IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Asian Granito IPO allotment status.
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