* Issue Open: Oct 29, 2009 - Nov 04, 2009
* Type: 100% Book Built Issue IPO
* Size: 7,500,000 Equity Shares of Rs. 10
* Issue Size: Rs. 57.75 - 61.50 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 77 - Rs. 82 Per Equity Share
* Lot: 75 shares
* Order Quantity: 1200 for retail investor (Rs. 98400)
* At: BSE, NSE
* Ratings: Grade 2 by CARE, means as per CARE, company has below average fundamentals
* Allotment Status: Coming soon!!
* Listing Date for Astec LifeScience Limited IPO: November 20, 2009 (Approx.)
Subscription status for Astec LifeScience Limited IPO : (Day 2)
1. QIBs : 0.5220
2. HNIs: 0.0000
3. Retail: 0.4473
4. Employee: 0.0270
Overall: 0.4100
Details:
Astec Lifesciences Limited was established in 1994. The company engaged in business of Agro
chemicals and Pharmaceuticals. active ingredients and intermediates like Hexaconazole, Tebuconazole, Metalaxyl and Propiconazole are their main product in agrochemicals and pharmaceutical segment.The company has manufacturing units, two units at Mahad, Maharashtra and one unit at Dombivli, Maharashtra. Astec Lifesciences Limited has been granted ISO 9001:2000 Certificate of Assessment by International Standards Certification Pvt limited, Australia for “Design, Development, Manufacture and Supply of Organic Chemical and Intermediates for Pharmaceutical and Agrochemical Industry”.
Main Objectives of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for :
1. Expansion of our existing Research and Development facility at Dombivli, Maharashtra
2. Expansion of our existing manufacturing facilities at Mahad, Maharashtra
3. Meeting Registration expenses
4. Meeting long-term working capital requirements
5. General Corporate Purposes
6. Issue Expenses
Company Contact Information
5-5A, 4th floor,
Kamanwala Chambers, Sir P. M. Road,
Fort, Mumbai - 400001
Phone: +91-22-2261 8212-13
Fax: +91-22-2261 8289
Email: ipo@astecls.com
Website: http://www.astecls.com
Registrar of the Issue:
Bigshare Services Pvt. Ltd
Bigshare Services Pvt. Ltd.E-2,
Ansa Industrial Estate,Saki-Vihar Road,
Sakinaka,Mumbai - 400 072.
Phone: +91-22-2847 0652
Fax: +91-22-2852 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
