IPO Synopsis

Shri Aster Silicates Ltd
Registered Office: B-506 Infinity Corp Lane Road,Prahalad Nagar Garden Satellit,Ahmedabad-380015, Gujarat
Tel. No:
Fax No:
Email: aster_silicates@yahoo.com
Website: www.astersilicatesltd.com
Public issue of 45,00,000 equity shares of Rs. 10/- each at a price of Rs. 118 per equity share (including a premium of Rs. 108 per equity share) for cash aggregating upto Rs. 53.10 Crores (the "Issue"), by Aster Silicates Limited (the "Company" or the "Issuer"). The issue will constitute 30.28% of the fully diluted post issue paid-up capital of the company. The net issue to public will constitute 30.28% of the fully diluted post issue paid-up capital of the company. Issue price: Rs. 118 per equity share of face value of Rs. 10 each. The issue price is 11.80 times of the face value
Issue Money Payable On
Opens On Closes On Application Allotment
24-Jun-2010 28-Jun-2010 ₹118.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 50 Further Multiples of :50
(₹ Cr) Lead Managers to the Issue
Project Cost 56.82 Saffron Capital Advisors Pvt Ltd
Project Financed through Current Offer 53.10
Post Issue Equity Share Capital 14.86
Issue Price 118.00
Projects
Expansion of manufacturing facilities
Additional working capital requirements
Promoted By
Mahesh A Maheshwari
Namrata Mahesh Maheshwari
Listing At
BSE
NSE
Registrar To The Issue