Asha Resins Ltd - IPO

Asha Resins Ltd IPO Details

Initial public offer of upto 32,88,000 equity shares of face value of INR 10/- each (the equity shares) of Asha Resins Limited (the company or ARL or the issuer) at an issue price of Rs.[*] per equity share for cash, aggregating up to Rs.[*] crores (public issue) out of which [*] equity shares of face value of Rs.10 each, at an issue price of Rs.[*] per equity share for cash, aggregating Rs.[*] crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The public issue less market maker reservation portion i.e. issue of [*] equity shares of face value of INR 10 each, at an issue price of INR [*] per equity share for cash, aggregating upto Rs.[*] crores is herein after referred to as the net issue. The public issue and net issue will constitute 26.44% and [*]% respectively of the post issue paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company in consultation with the brlm.

Objective of issue

Funding of capital expenditure towards civil construction work in the existing premises of factory. Funding of capital expenditure towards installation of additional plant and machinery in the existing corporate purposes. General corporate purposes.

Asha Resins Ltd Contact Details

Asha Resins Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@asharesins.com

Website - https:, www.asharesins.com