Business Standard

Asian Granito India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

67.90 cr

Price Range (₹)

97

Lot Size

60

Min Investment (₹)

5,820.00

Listing Exchange

MumbaiNSE

Open Date

26-Jul-2007

Close Date

31-Jul-2007

Listing Date

23-Aug-2007

Asian Granito India Ltd News

    The Shares of Asian Granito India Ltd have now been listed.

    Asian Granito India Ltd IPO Details

    Public issue of 70,00,000 equity shares of Rs. 10 each for cash at a price of Rs.97/- per equity share (including a share premium of Rs.87/- per equity share) aggregating Rs.67.90 Crores (the issue) by Asian Granito India Limited (the company, AGIL or the issuer). The issue is comprised of a reservation of 3,50,000 equity shares of Rs. 10 each for cash at a price of Rs.97/- per equity share aggregating Rs.3.40 Crores to the eligible employees of our company (employee reservation portion) and a net issue to the public of 66,50,000 equity shares of Rs. 10 each (the net issue) aggregating Rs.64.50 Crores. The issue would constitute 33.24% of the fully diluted post issue paid-up capital of our company. Issue Price is Rs.97/- per equity share of face value Rs.10The issue price is 9.7 times of the face value

    Objective of issue

    Setting up of the wall tile unit. Modernisation & Exp. of existing Vitrified Plant. General Corporate Purposes.

    Asian Granito India Ltd Contact Details

    Asian Granito India Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - cs@aglasiangranito.com

    Website - www.aglasiangranito.com