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 ½" 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

IPO DateFeb 14, 2007 - Feb 22, 2007
Issue TypeFixed Price Issue IPO
Issue Size2,971,000 Eq Shares of ₹10
(aggregating up to ₹34.17 Cr)
Face Value₹10 Per Equity Share
IPO Price₹115 Per Equity Share
Market Lot50 Shares
Min Order Quantity50 Shares
Listing AtBSE, NSE

Astral IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum150₹5,750
Maximum341700₹195,500

Astral IPO Prospectus

Astral IPO Rating

27
2.5
Rating:Rated 2.5 stars

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Astral IPO Listing Date

Listing DateTuesday, March 20, 2007
BSE Script Code532830
NSE SymbolASTRAL
Listing InB1
ISININE006I01046
IPO Price₹115 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹115.00
₹115.00
₹100.20
₹115.00
₹104.55
5,419,372
NSE
₹115.00
₹103.00
₹100.00
₹113.65
₹105.35
4,826,203

Astral IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

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
Email: investor@astralcpvc.com
Website: http://www.astralcpvc.com

Astral IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Astral IPO FAQs

  1. 1. What is Astral IPO?

    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 price of the IPO is ₹115 Per Equity Share. The minimum order quantity is 50 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Astral IPO will open?

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

  3. 3. How to apply for Astral IPO?

    Astral 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.

  4. 4. When Astral IPO allotment?

    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.

  5. 5. When is Astral IPO listing date?

    The Astral IPO listing date is on Tuesday, March 20, 2007, at BSE, NSE.
  6. 6. What is the lot size of Astral IPO?

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

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Astral IPO Review / Comments

timtim
20. timtim  Apr 2, 2007 17:35
What is going on with astral? Whay the cmp is too low?
NIRAV
19. NIRAV  Mar 19, 2007 11:43
Any one know the listing date or gry market price of this issue.
AMISH
18. AMISH  Mar 15, 2007 13:52
Offer price 115/- rs..i think. list price. 150rs..
Krish
17. Krish  Mar 15, 2007 09:22
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 www.bigshareonline.com
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.
RajendraPrasad
16. RajendraPrasad  Mar 14, 2007 14:36
Hi
when it is going to be listed in market. i am expecting date of listing from you..

Regards
Raj
chetan khosla
15. chetan khosla  Mar 14, 2007 09:16
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.
Patil
14. Patil  Mar 13, 2007 20:47
when it will be listing
AMITKUMARARORA
13. AMITKUMARARORA  Mar 13, 2007 19:08
Allotment of Astral Polytechnik IPO available on Bigshareonline.com. Applied for 500 shares got 281.

Raj
12. Raj  Mar 13, 2007 13:32
HI
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.
TANUSHREE
11. TANUSHREE  Mar 6, 2007 06:43
LISTING PRICE 35-40 RS.CAN EVEN GO TO 5 RS IN 1 MONTH.KEEP IT FOR MORE LOSS IF YOU WANT
pratik
10. pratik  Mar 1, 2007 07:46
how much times issue is subscribed in retail can anybody tell me?
Mahesh
9. Mahesh  Feb 27, 2007 23:25
Grey Mkt Price 195 Rs.
chetan khosla
8. chetan khosla  Feb 27, 2007 03:56
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........
kuldeep
7. kuldeep   Feb 25, 2007 04:16
what's the subscription for this issue...guys...
thammanna
6. thammanna  Feb 24, 2007 07:08
This is an issue to loose money.
manish
5. manish  Feb 23, 2007 06:45
very risky & after budget!!!!highly priced
aswani
4. aswani  Feb 23, 2007 02:27
guys..........
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
Shankar
3. Shankar  Feb 22, 2007 05:03
It is an Ahmedabad based company. One Should be double careful
Varma
2. Varma  Feb 9, 2007 19:07
Do not invest
Aman
1. Aman  Feb 7, 2007 21:25
Where can we find grey market premiums? Any idea






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