24 Jul 07 Asian Granito India Limited IPO : Asian Granito IPO Details
Asian Granito India Limited, a Gujarat based vitrified tiles manufacturing company, is coming out with an IPO through the book building route. Asian Granito IPO will open for subscription on 26 July 2007 and will close for subscription on 31 July 2007. Asian Granito India Limited has fixed the price band for the IPO between Rs. 85 and Rs. 102 per share. As per the Draft Prospectus, Asian Granito India Limited will use the proceeds of the IPO for setting up a wall tile unit. Asian Granito India Limited has a subsidiary called Asian Tiles Limited, which is a leading manufacturer of ceramic floor tiles. Post IPO, the shares of Asian Granito India Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock exchange (NSE). The lead managers for the Asian Granito IPO are Enam and SBI Capital Markets. The registrar for the Asian Granito IPO is Intime Spectrum Registry Limited. For updates on the subscription / oversubscription ratio of Asian Granito India Ltd IPO and to know the IPO allotment status, refund details and listing date of Asian Granito India Ltd. IPO, do check this blog regularly. The issue size of Asian Granito IPO is about Rs. 70 crores. Since the company is fundamentally strong with excellent financials and since the IPO has been attractively priced, the Asian Granito IPO is likely to get heavily oversubscribed and hence allotment will be tough to get.
Asian Granito India Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the Asian Granito India Limited IPO Issue.
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