04 May 07 Asahi Songwon Colors Limited IPO
Asahi Songwon Colors Limited, a leading Gujarat based company, is all set to tap the Indian capital markets through an IPO. The Asahi Songwon Colors Limited IPO opens for subscription on the 9th of May and closes for subscription on the 15th of May. Asahi Songwon Colors Limited has fixed a price band of Rs. 90 to Rs.108 for the IPO. Fortune Financial Services is the lead manager of the Asahi Songwon Colors Limited IPO and Intime spectrum is the registrar for the IPO. Post IPO, Asahi Songwon Colors Limited will list on both the NSE and the BSE. However, Asahi Songwon Colors Limited is not eligible for entry into the futures and options segment.
About Asahi Songwon Colors Limited
Asahi Songwon Colors Limited will use the proceeds from the IPO for expansion purposes. As part of its expansion plans, Asahi Songwon Colors, would enhance the production capacity of Copper Phthalo Cyanine Blue Crude from 3600 tonnes per annum to 10800 tonnes per annum. Asahi Songwon Colors Limited will also use the IPO proceeds for setting up a new plant for manufacturing 1200 tonnes per annum of Pigment Beta Blue. Asahi Songwon Colors Limited will also use the IPO proceeds for setting up a captive power plant of two MW capacity at its existing facility near Vadodara. In 2005, Asahi Songwon Colors Ltd started manufacturing CPC Blue Crude 5N with the technology of Clariant Songwon Colors of South Korea with which it had entered into a technology transfer agreement.
For updates on the subscription / oversubscription ratio of Asahi Songwon IPO and to know the allotment and listing date of Asahi Songwon IPO, do check this blog everyday.
Asahi Songwon Colors Limited IPO Prospectus
For more information, read the IPO prospectus of the Asahi Songwon Colors Limited IPO Issue.
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Dear Sir
I am abhishek, I have a 1000 Shares of ASCL (Asahi Songwon Colors Ltd)Of Rs. 116.00
But now its price is 56.00 – 60.00.
Sir we have very loss approx Rs.60,000.00
Please tell about this shares when rate of this shares are high.
A waiting for you reply.
Thanking You
Regard
Abhishek Verma
9305592641