Astral Poly Technik Limited IPO (Astral IPO) Detail

Feb 14, 2007 - Feb 22, 2007

Astral Polytechnik Limited are leading manufacturer and provider of CPVC piping and plumbing systems in India. Astral has a techno-financial joint venture with Specialty Process LLC of USA, which provides the required technical expertise for manufacturing CPVC pipes and fittings for home and industrial application.

Astral has production facilities at Gujarat and Himachal Pradesh to manufacture plumbing systems from " to 8" diameter. Astral products include CPVC pipes and fittings for hot and cold water plumbing systems, CPVC industrial piping system for transportation of hazardous and highly corrosive chemicals, lead free PVC systems for cold water application.

Objects of the Issue

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital
1. To part finance the expansion project of our existing line of business i.e CPVC pipes and fittings; Astral flowguard and Astral Corzan and PVC pipes and fittings (Aquarius) and also to finance manufacturing facilities of our upcoming products such as Astral underground systems, Astral Blazemaster fire sprinkler system and Astral SWR ;(Phase II)
2. To part finance incremental working capital requirements for our existing and upcoming line of activity.

Astral IPO Details

Astral IPO Date Feb 14, 2007 to Feb 22, 2007
Astral IPO Face Value ₹10 per share
Astral IPO Price ₹115 per share
Astral IPO Lot Size 50 Shares
Issue Size2,971,000 shares of ₹10
(aggregating up to ₹34.17 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE, NSE

Astral IPO Lot Size

The Astral IPO lot size is 50 shares. A retail-individual investor can apply for up to 34 lots (1700 shares or ₹195,500).

Application Lots Shares Amount
Retail (Min) 1 50 ₹5,750
Retail (Max) 34 1700 ₹195,500

Astral IPO Prospectus

Astral IPO Rating

Rating:Rated 2.5 stars
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Astral IPO Listing Date

Listing Date Tuesday, March 20, 2007
BSE Script Code 532830
Listing In B1 Group of Securities
ISIN INE006I01046
IPO Price ₹115 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Astral Poly Technik Limited
Astral Polytechnik Limited,
901, Parshwa Tower, Opp. Rajpath Club,
Sarkhej-Gandhinagar Highway, Ahmedabad - 380 054
Phone: +91-079- 30112100

Astral IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Astral IPO Review

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Astral IPO FAQs

Astral IPO is a main-board IPO of 2,971,000 equity shares of the face value of ₹10 aggregating up to ₹34.17 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 50 Shares.

The IPO opens on Feb 14, 2007, and closes on Feb 22, 2007.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Astral IPO opens on Feb 14, 2007 and closes on Feb 22, 2007.

Astral IPO lot size is 50 Shares and the minimum order quantity is .

You can apply in Astral 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

The Astral IPO listing date is on Tuesday, March 20, 2007.
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Astral IPO Message Board

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20. timtim |   Link |Apr 2, 2007 5:35:13 PM
What is going on with astral? Whay the cmp is too low?
19. NIRAV |   Link |Mar 19, 2007 11:43:49 AM
Any one know the listing date or gry market price of this issue.
18. AMISH |   Link |Mar 15, 2007 1:52:35 PM
Offer price 115/- rs..i think. list price. 150rs..
17. Krish |   Link |Mar 15, 2007 9:22:05 AM
Dear Friends
1)The listing of thsi ipo will be done by 20th March 2007
2) The shares has alredy been allotted on 9th March 2007 you can check your allotment status on
3. Refund order has alredy been despatched. ECS credit is given in Mumbai at other places it will be given in cupal of days. This message , i got from company secretary.
16. RajendraPrasad |   Link |Mar 14, 2007 2:36:28 PM
when it is going to be listed in market. i am expecting date of listing from you..

15. chetan khosla |   Link |Mar 14, 2007 9:16:59 AM
expected price 135 to 150 around, but will depend upon mkt. mood on listing day.if mkt. weaker outluk then might open at 122 and skid to 105.
14. Patil |   Link |Mar 13, 2007 8:47:00 PM
when it will be listing
13. AMITKUMARARORA |   Link |Mar 13, 2007 7:08:07 PM
Allotment of Astral Polytechnik IPO available on Applied for 500 shares got 281.

12. Raj |   Link |Mar 13, 2007 1:32:05 PM
could you please let me know when it is going to be listed in market and what is listed price we can expect from market.
11. TANUSHREE |   Link |Mar 6, 2007 6:43:15 AM
10. pratik |   Link |Mar 1, 2007 7:46:08 AM
how much times issue is subscribed in retail can anybody tell me?
9. Mahesh |   Link |Feb 27, 2007 11:25:47 PM
Grey Mkt Price 195 Rs.
8. chetan khosla |   Link |Feb 27, 2007 3:56:12 AM
hi applicants, dnt fear man remember my recommendation on Cambridge when everyone was telling that it is not gud issue i told u to apply and now i m again back and want to help u out that company is very strong fundamentaly so u need not to press panic button i m very hopeful that this issue will list with premium on bourses, at what premium that i can comment depending upon subscription number and listing day, not now, till then happy investing........
7. kuldeep |   Link |Feb 25, 2007 4:16:52 AM
what's the subscription for this issue...guys...
6. thammanna |   Link |Feb 24, 2007 7:08:14 AM
This is an issue to loose money.
5. manish |   Link |Feb 23, 2007 6:45:06 AM
very risky & after budget!!!!highly priced
4. aswani |   Link |Feb 23, 2007 2:27:24 AM
go go go & go & apply for maximunm
it is very good company .
the current offer price of 115.the p.e works out to be 16.42.the nearest peer compared is supreme industries which trades at p.e of 25.the ipo has left roam for investor to make listing gains.
so aplly fast it like cambridge technology
3. Shankar |   Link |Feb 22, 2007 5:03:22 AM
It is an Ahmedabad based company. One Should be double careful
2. Varma |   Link |Feb 9, 2007 7:07:12 PM
Do not invest
1. Aman |   Link |Feb 7, 2007 9:25:49 PM
Where can we find grey market premiums? Any idea