Tuesday, June 22, 2010

Upcoming IPO: Aster Silicates Ltd

Incorporated in 1996, Aster Silicates Ltd is engaged in the business of manufacturing of sodium silicate which includes food grade sodium silicate, special drilling grade silicate and detergent grade silicate. Aster Silicates produce sodium silicate both in glass and liquid form. Food grade sodium silicate is used in the manufacturing of Silica precipitate and Gel which finds its applications in toothpaste, salt, cosmetics, glucose powder, tyre & rubber and pesticides etc. Sodium silicate, (special drilling grade silicate) is also used in off-shore drilling and for reactivation of old oil and gas fields. The sodium silicate manufactured by Aster is also used in water-proofing, infoundries and for investment casting, paper, silica gel, textiles and detergents.

Aster Silicates Ltd IPO Information:

- Issue Open: Jun 24, 2010 - Jun 28, 2010
- Issue Type: 100% Book Built Issue IPO
- Issue Size: Equity Shares of Rs. 10
- Issue Size: Rs. 53.10 Crore
- Face Value: Rs. 10 Per Equity Share
- Issue Price: Rs. 112 - Rs. 118 Per Equity Share
- Market Lot: 50 Shares
- Minimum Order Quantity: 50 Shares
- Listing At: BSE, NSE