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Astral Poly Technik Limited IPO (Astral IPO) Detail

February 14, 2007 - February 22, 2007

Astral IPO is a fixed price issue of Rs 34.17 crores.

Astral IPO bidding started from February 14, 2007 and ended on February 22, 2007. The shares got listed on BSE, NSE on March 20, 2007.

Astral IPO price is ₹115 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹5,750.

Karvy Investor Services Limited is the book running lead manager of the Astral IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Astral IPO DRHP for detailed information.

Astral IPO Details

IPO Date February 14, 2007 to February 22, 2007
Listing Date March 20, 2007
Face Value ₹10 per share
Price ₹115 per share
Lot Size 50 Shares
Total Issue Size2,971,000 shares
(aggregating up to ₹34.17 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE, NSE

Astral IPO Lot Size

Investors can bid for a minimum of 50 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 50 ₹5,750
Retail (Max) 34 1700 ₹195,500
Lot Size Calculator

About Astral Poly Technik Limited

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 (Astral IPO Objectives)

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 Prospectus

Astral IPO Rating

27
2.5
Rating:Rated 2.5 stars
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Astral IPO Listing Details

Listing Date March 20, 2007
BSE Script Code 532830
NSE Symbol ASTRAL
ISIN INE006I01046
Final Issue Price ₹115 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹115.00
₹115.00
₹100.20
₹115.00
₹104.55
NSE
₹115.00
₹103.00
₹100.00
₹113.65
₹105.35

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Astral Poly Technik Limited Contact Details

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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Astral IPO - Buy or Not

Astral IPO Recommendation Summary

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Brokers 0 0 0
Members 0 0 0

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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 February 14, 2007, and closes on February 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 February 14, 2007 and closes on February 22, 2007.

Astral IPO lot size is 50 Shares, and the minimum amount required is ₹5,750.

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, Nuvama, 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 March 20, 2007.
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Astral IPO Message Board

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20 Comments

20. timtim |   Link |  Bookmark |April 2, 2007 5:35:13 PM
What is going on with astral? Whay the cmp is too low?
19. NIRAV |   Link |  Bookmark |March 19, 2007 11:43:49 AM
Any one know the listing date or gry market price of this issue.
18. AMISH |   Link |  Bookmark |March 15, 2007 1:52:35 PM
Offer price 115/- rs..i think. list price. 150rs..
17. Krish |   Link |  Bookmark |March 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 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.
16. RajendraPrasad |   Link |  Bookmark |March 14, 2007 2:36:28 PM
Hi
when it is going to be listed in market. i am expecting date of listing from you..

Regards
Raj
15. chetan khosla |   Link |  Bookmark |March 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 |  Bookmark |March 13, 2007 8:47:00 PM
when it will be listing
13. AMITKUMARARORA |   Link |  Bookmark |March 13, 2007 7:08:07 PM
Allotment of Astral Polytechnik IPO available on Bigshareonline.com. Applied for 500 shares got 281.

12. Raj |   Link |  Bookmark |March 13, 2007 1:32:05 PM
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.
11. TANUSHREE |   Link |  Bookmark |March 6, 2007 6:43:15 AM
LISTING PRICE 35-40 RS.CAN EVEN GO TO 5 RS IN 1 MONTH.KEEP IT FOR MORE LOSS IF YOU WANT
10. pratik |   Link |  Bookmark |March 1, 2007 7:46:08 AM
how much times issue is subscribed in retail can anybody tell me?
9. Mahesh |   Link |  Bookmark |February 27, 2007 11:25:47 PM
Grey Mkt Price 195 Rs.
8. chetan khosla |   Link |  Bookmark |February 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 |  Bookmark |February 25, 2007 4:16:52 AM
what's the subscription for this issue...guys...
6. thammanna |   Link |  Bookmark |February 24, 2007 7:08:14 AM
This is an issue to loose money.
5. manish |   Link |  Bookmark |February 23, 2007 6:45:06 AM
very risky & after budget!!!!highly priced
4. aswani |   Link |  Bookmark |February 23, 2007 2:27:24 AM
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
3. Shankar |   Link |  Bookmark |February 22, 2007 5:03:22 AM
It is an Ahmedabad based company. One Should be double careful
2. Varma |   Link |  Bookmark |February 9, 2007 7:07:12 PM
Do not invest
1. Aman |   Link |  Bookmark |February 7, 2007 9:25:49 PM
Where can we find grey market premiums? Any idea