Shri Aster Silicates Ltd - IPO

Shri Aster Silicates Ltd IPO Details

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

Objective of issue

Expansion of manufacturing facilities. Additional working capital requirements.

Shri Aster Silicates Ltd Contact Details

Shri Aster Silicates Ltd, Samhita Complex, Plot No 13 AB, Saki Naka Andheri(E), Mumbai-400072

Phone - 91-22-67720300/400

Fax - 91-22-28591568

Email - aster_silicates@yahoo.com

Website - www.astersilicatesltd.com