IPO News and Updates | IPO Allotment Status | BSE NSE India

IPO Updates: Cox and Kings IPO Subscribed 6.31 times, 0.98 times in Retail

noreply@blogger.com (Saurabh) — Sat, 21 Nov 2009 17:17:00 +0000

Cox and King IPO closed on 20-Nov-09 for subscription.

Subscription status for Cox and King IPO :
1. QIBs : 9.9514
2. HNIs: 10.6975
3. Retail: 0.9813
4. Employee: 0.1076

Overall: 6.31

Employees quota is not subscribed fully! Retail portion is subscribed 0.9813 times. All the applied applications are supposed to get all the applied shares.

Keywords: Cox and Kings (India) IPO, CARE ratings, Cox and Kings (India) IPO rating, Novemeber IPO, Price band

IPO Updates: Mandhana Industries receives rating(grade) 3/5 from CRISIL

noreply@blogger.com (Saurabh) — Tue, 17 Nov 2009 17:04:00 +0000

Mumbai based company Mandhana Industries, was incorporated in 1984 as Mandhana family. Mandhana Industries is engaged in the production of fabrics for domestic market and garments largely for export markets.

CRISIL has reaffirmed CRISIL IPO Grade 3/5 to the proposed initial public offer (IPO) of Mandhana Industries (MIL). This means according to CRISIL, Mandhana Industries has average fundamentals relative to other listed equity securities in India, according to their report.

Keywords: Mandhana Industries, 2009 IPO, Mandhana Industries IPO, CRISIL, CRISIL IPOgrading, CRISIL Ratings,

IPO Updates: Cox and Kings IPO, Experts views, Investment recommendation, subscribe?

noreply@blogger.com (Saurabh) — Tue, 17 Nov 2009 16:53:00 +0000

Cox and King India Limited will open for subscription from november 18, 2009. What Experts predict about this IPO? Will it be a market mover?

Swastika Investmart : Apply (Midterm target: rs. 400)
SP Tulsian : Apply (Best for long term investment)
S G Panchal : Apply (It will give marginal listing benefit but good for mid-long term.

Cox and Kings (India) has been showing a consistent growth in its topline and bottomline for over the last 5 years. Total income of Rs 66 crore in FY06, grew to Rs 294 crore in FY09, while PAT rose to Rs 62.81 crore in FY09 from Rs 17.38 crore in FY06.

Strength:
1. Company’s brand has been evolved over a period of 250 years and is one of the oldest brands in the Travel & Tourism industry today.
2. The Company has a vast Geographical Presence, both Domestically and Internationally.
3. CARE has awarded Grade 4 to Cox & Kings (India) Limited, which translates to “Above Average Fundamentals” grade.

Weakness:
1. Big investors like Lehman, Deutsche Securities & Merrill Lynch using this IPO to exit as much as 58.82% of their respective holding in the company.
2. The Company is operating in geographies / overseas markets and products / services which are new to it and some of its subsidiaries and joint venture have not yet commenced commercial operations.
3. The Travel and Tours Industry is cyclical and sensitive to changes in the economy and this could have a significant impact on the operations and financial results of the Company.Fundamentals” grade.

Keywords: Cox and Kings (India) IPO, Cox and Kings (India) IPO rating, Cox and Kings (India) IPO Expert views,

IPO Updates: IPO Allotment Status for DEN Networks is available

noreply@blogger.com (Saurabh) — Tue, 17 Nov 2009 16:49:00 +0000

Check IPO Allotment status for Den Networks IPO on Karvy.

This IPO received Poor response from Investors. Den Networks is listing on NSE and BSE on 9-Nov-2009.

Keywords: DEN IPO, Den Networks IPO Listing date, den networks allotment status

Cox and Kings IPO Details, Ratings, Lot size, Closing date, Allotment staus, Listing date

noreply@blogger.com (Saurabh) — Sun, 15 Nov 2009 08:21:00 +0000

IPO Updates: Cox and Kings IPO opens for subscription on 18-Nov-09, Rs. 316-330

Keep visiting Karvy website for allotment status of Cox and King IPO
Cox and Kings IPO Issue Details:

* Issue Open: Nov 18, 2009 - Nov 20, 2009
* Type: 100% Book Built Issue IPO
* Size: 18,496,640 Equity Shares of Rs. 10
* Issue Size: Rs. 584.49 - 610.39 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 316 - Rs. 330 Per Equity Share
* Lot: 20 shares
* Max Order Quantity: 300 for retail investor (Rs. 99000)
* At: BSE, NSE
* Ratings: Grade 4 by CARE, means as per CARE, company has above average fundamentals
* Allotment Status: Coming soon!!
* Listing Date for Cox and Kings IPO: Coming soon!!

Subscription status for Cox and King IPO :
1. QIBs :
2. HNIs:
3. Retail:
4. Employee:

Overall:

Main Objectives of the Issue:

The objects of the Cox and Kings IPO, are to achieve the listing benefits on the Stock Exchanges & to raise capital to:

1. Investment in Overseas Subsidiaries
2. Investment in Corporate Office & Upgrading our existing Operations
3. Repayment of Loans
4. Acquisitions & Other Strategic Initiatives;
5. General Corporate Purposes
6. Meeting Fresh Issue related Expenses.

The company will raise more than Rs 610 crore from the issue, out of which it will get over Rs 509 crore and the rest will be given to shareholders.

Details:

Cox & Kings (India) Ltd. was incorporated as ‘Eastern Carrying Company Limited’ on June 7, 1939. The name was subsequently changed to ‘Cox and Kings (India) Limited’ on February 23, 1950. Cox and Kings (India),is the oldest and famous name is holiday brands. It serves as a 'One Stop Shop' for all the travel and travel related products.

Cox and Kings IPO has fixed the price band for its initial public offering (IPO) at Rs 316-330/share.

CARE has assigned a 'CARE IPO GRADE 4' to the proposed IPO. CARE IPO Grade 4 indicates above average fundamentals.

The equity shares are proposed to be listed on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.

Keywords: Cox and Kings (India) IPO, CARE ratings, Cox and Kings (India) IPO rating, Novemeber IPO, Price band

IPO Updates: Cox and Kings IPO Received Grade 4 from CARE, will hit market soon

noreply@blogger.com (Saurabh) — Thu, 12 Nov 2009 16:48:00 +0000

Cox and Kings (India) Limited has filed its DRHP with SEBI to enter the capital market with an IPO of 1.84 crore equity shares of Rs. 10 each for cash at a price to be decided through a 100% Book-Building Process.

Cox and Kings (India) Limited is one of the best tour operators in India. CARE has assigned IPO rating 4 to this IPO. This means company has above average fundamentals.

CARE assigns IPO grades on scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

The Equity Shares are proposed to be listed on BSE and the NSE.

Keywords: Cox and Kings (India) IPO, CARE ratings, Cox and Kings (India) IPO rating,

IPO Updates: Lodha Developers IPO expected in first week of December, others are in pipeline.

noreply@blogger.com (Saurabh) — Thu, 12 Nov 2009 16:28:00 +0000

Lodha Developers IPO is expected to hit the primary market in first week of December-2009, encouraged by a revival in demand for homes, a top company official said on Wednesday. Lodha Developers filed their DRHP with SEBI in September-2009.

The Lodha builders, Mumbai-based construction company focuses on high-end residential apartments in and around India's financial capital, will use the proceeds for retiring debt, to fund fresh land acquisitions and for working capital for existing projects.

"We hope to get approval from the regulator by November-end. We can then launch by mid-December. Otherwise, we will launch by mid-January," Managing Director Abhisheck Lodha told Reuters.

More than 16 Indian developers have filed papers for public offers in the past two months, looking to raise a total of about USd 6 billion, following a revival in demand for homes in markets such as Mumbai and New Delhi.

Developers expected to hit the market soon include Emaar MGF, a joint venture between Indian financier MGF and the UAE's Emaar Properties, Sahara Prime City, Oberoi Constructions and Godrej Properties, a unit of Godrej Industries.

Lodha reported net profit of 957 million rupees in 2008/09, up 77% from the previous year, while income from operations rose almost three-quarters to Rs 9.5 billion, according to its draft prospectus.

It had a net worth of Rs 2.66 billion, translating to Rs 12.21 per share with face value of Rs 5.
JPMorgan, Citigroup, CLSA, Credit Suisse, Nomura, Enam, Kotak, Global Trustcapital and SBI Capital Markets are the book running lead managers to the issue.

Keywords: Lodha Developers IPO, Godrej Properties Limited, December IPO, Emmar MGF, Sahara Prime City, Oberoi Constructions,

IPO Updates: JSW Energy IPO coming soon, a part of Jindal South West (JSW) group

noreply@blogger.com (Saurabh) — Tue, 10 Nov 2009 16:48:00 +0000

JSW Energy is working in power generation since 2000. JSW Energy, subsidiary company of Jindal South West (JSW) group is entering the primary market to raise a minimum of Rs. 2600 crore from the issue.

JSW Energy's IPO is likely in last week of November or early December, 2009. The company has filed its DRHP with SEBI on 14-August 2009

JSW Energy's 560 MW plant in Karnataka is already operational while 3090 MW projects were under construction. The company has definative offtake for 1986 MW. Over and above that it has four projects of 7740 MW in hand to be completed between August 2014-2015.

Keywords: JSW Energy IPO, upcoming IPOs, November IPO

IPO Updates: Godrej Properties IPO coming in two months

noreply@blogger.com (Saurabh) — Fri, 06 Nov 2009 16:23:00 +0000

Godrej Properties Limited (GPL) has updated DRHP on 28-Oct-09 and will be open for subscription in near future.
Chairman of Godrej Group, Mr. Adi Godrej has confirmed the Godrej IPO in upcoming two months.

It was an eventful second quarter for the Godrej Group which also saw its Indian joint venture partner, Sara Lee Corporation, sell a part of its US business to Unilever Plc. Though Godrej Industries reported a fall in sales, profits have more than doubled. Mr Adi Godrej, Chairman, Godrej Group, spoke to Business Line on various developments and the road ahead.

Keywords: GPL, Godrej Properties Limited, Adi Godrej, IPO, Godrej Properties Limited IPO,

IPO Updates: Intrasoft Technologies (123Greetings.com) Planning IPO, Files paper with SEBI

noreply@blogger.com (Saurabh) — Fri, 06 Nov 2009 16:06:00 +0000

Intrasoft Technologies, owner of 123greetings.com is planing to enter primary market. Intrasoft Technologies filed a DRHP with the Securities & Exchange Board of India (SEBI) for a public issue of 37,00,000 equity shares of Rs 10 each on 05-Nov-09. The issue will constitute 25.12% of the post issue paid up capital of the company.

For the period ended March 31, 2009, the company reported total income of Rs 10.52 crore and profit after tax of Rs 5.2 crore.

Intrasoft Technologies is planning to use over Rs 35 crore for three purposes:
1. Proceeds for branding & promotion
2. Purchasing a corporate office at Kolkata
3. Investing in Technologies.

According to comScore Media Metrix, Website was the largest (by number of Unique Visitors) electronic greeting cards website in India with a sum total of 1,46,08,169 Unique Visitors during the twelve month period from September 2008 to August 2009. Website received a sum total of 22,56,11,000 page views and 19,31,99,000 minutes during this period, according to comScore Media Metrix.

Lead managers : Anand Rathi Advisors Ltd & Collins Stewart Inga Pvt Ltd

Registrar : Link Intime India Pvt Ltd

Keywords: Intrasoft Technologies, SEBI, DRHP, Upcoming IPOs

IPO Updates: Astec LifeScience Limited IPO clsoing tomorrow, subscription details, Day 3

noreply@blogger.com (Saurabh) — Tue, 03 Nov 2009 15:59:00 +0000

Poor response from HNI investors, Astec LifeScience is not able to subscribed fully.
This IPO is opened from Oct 29, 2009 to Nov 04, 2009.

Subscription status for Astec LifeScience Limited IPO : (Day 3)

1. QIBs : 0.5220
2. HNIs: 0.0000
3. Retail: 0.4956
4. Employee: 0.1763

Overall: 0.4300

Ask a Question

noreply@blogger.com (Saurabh) — Mon, 02 Nov 2009 16:42:00 +0000

Hi Folks,

List down your all IPO related questions... All you always wanted to know about IPO. Basic concepts related to IPO. Ask me a question in comment section.

Want to know about upcoming IPOs? What is IPO? Who decides the price band? What is IPO rating procedures? Can a minor apply for IPO? What is the maximum limit for a retail investors? Can I cancel the IPO application?

Have question related to IPO? Start shooting them. I would try my best to answer your IPO related queries.

Avesthagen IPO will hit the Primary market in Mid - 2010

noreply@blogger.com (Saurabh) — Sat, 31 Oct 2009 14:45:00 +0000

About Avesthagen:
The business model of Avesthagen is to combine IP & product development through in-house research and collaborations. Avesthagen has built and continues to build an integrated, systems biology approach of capabilities, products, infrastructure and technology that allows for and facilitates ‘cross talk’ between numerous disciplines, leading to unique and innovative solutions. We employ 450 people worldwide and are headquartered in Bangalore, India.

The Bangalore-based company Avesthagen is planning to hit the capital market in Mid- 2010. Avesthagen wanted to raise money through IPO last year 2008, but had deferred its plans owing to choppy market conditions.

“We want the market to stabilise and investor confidence to return before entering the market. We believe that sometime in the June-July period next year, the market will stabilise,” Dr Villoo Morawala Patell, CMD of the company, said.

"We are looking at raising some Rs 700-800 crore through the IPO and pre-offer placements in the first half of 2010 to fund our various expansion programmes,” She added.

Keywords: Avesthagen IPO, IPO, capital market, 2010 IPO, Dr Villoo Morawala Patell

IPO Updates: Den Networks IPO managed to reach full subscription status: Subscribed total 1.0400 times

noreply@blogger.com (Saurabh) — Sat, 31 Oct 2009 14:25:00 +0000

Den Networks IPO closed for subscription. Total subscription status is as below:

Subscription status for DEN Networks IPO: (Closed)
1. QIBs : 1.0004
2. HNIs: 4.1244
3. Retail: 0.0963
4. Employee: 0.6809

Overall: 1.0400

Every application will get assured allotment. The investors might be disappointment who invested to get the listing benefit. This will be a good deal for long term.

Den Networks IPO Listing date: Den Networks IPO is listing around 16-November-09. (Approx)

Keywords: DEN IPO, Den Networks IPO, Den Networks IPO Subscription details

IPO Updates: Indiabulls Power IPO Listing tomorrow, What's experts expecting from it?

noreply@blogger.com (Saurabh) — Thu, 29 Oct 2009 16:51:00 +0000

Indiabulls Power IPO is listing tomorrow on NSE & BSE.

Indiabulls Power IPO Listing tomorrow, What's experts expecting from it?

SP Tulsian (Investment Advisor) : The stock may list below its issue price of Rs 45 and may even go dip below Rs 42

Manisha Bhatt (Prabhudas Lilladher) and Avinash Gorakshakar (Head of Research, Reliance Money) : The stock to list around Rs 45-50.

Although this would be a good deal for long term investment.

IPO Updates: DEN Networks IPO, Avoid : Experts

noreply@blogger.com (Saurabh) — Thu, 29 Oct 2009 16:44:00 +0000

Experts views on DEN networks IPO:

DEN Networks Limited is opened for subscription from 28 October, 2009 to October 30, 2009. RR Financial Consultants has carried out a report on the IPO of DEN Networks.

Investors having time horizon of two to three years could subscribe for the issue. The issue is of up to 20,000,000 equity shares of Rs 10 each with a price band of Rs 195-205 per share, research firm recommended avoiding the IPO in anticipation of immediate listing gains.

Though the telecom regulator mandating conditional access in 55 cities across the country by 2011 is a positive for the company, there may still be limited scope for growth in subscriber’s industry challenges.

Keywords: DEN IPO, Den Networks IPO, IPO, ipo listing, IPO Ratings, listing date, October IPO, Experts review

IPO Updates: Astec Life Science IPO subscribed 0.27 on it's first day, Avoid this IPO: Experts

noreply@blogger.com (Saurabh) — Thu, 29 Oct 2009 16:36:00 +0000

Subscription status for Astec LifeScience Limited IPO: (At the end of Day 2)

1. QIBs : 0.5220
2. HNIs: 0.0000
3. Retail: 0.4473
4. Employee: 0.0270

Overall: 0.4100

Astec LifeScient Limited got Grade 2 by CARE, means as per CARE, company has below average fundamentals.

Expterts review: Avoid this IPO

Keywords: Astec LifeScience Limited, Astec LifeScience Limited IPO, Astec LifeScience Limited subscription details

IPO Updates: Den Networks Limited IPO subscribed 0.15 on it's first day, What Experts say?

noreply@blogger.com (Saurabh) — Wed, 28 Oct 2009 17:16:00 +0000

Subscription status for DEN Networks IPO: (Closed)
1. QIBs : 1.0004
2. HNIs: 4.1244
3. Retail: 0.0963
4. Employee: 0.6809

Overall: 1.0400

DEn Networks IPO got grade 3 by ICRA, means as per ICRA, company has Average fundamentals.

Experts had mixed views on the issue. Moneycontrol.com conducted a poll to find out if one should subscribe to the issue or not.

As per Manisha Bhatt of Prabhudas Lilladher, investor should stay away from this IPO where as Avinash Gorakshakar, Head of Research at Reliance Money and SP Tulsian advised to subscribe to the issue.

Avinash Gorakshakar, Head of Research at Reliance Money has recommended investors to subscribe to the issue for medium to long-term and not just for listing gains. "Investors can make good appreciation in this issue over a medium term horizon. Listing gains could also be possible but this depends on the market sentiment and overall response by large QIB investors."

Keywords: DEN IPO, Den Networks IPO, IPO, ipo listing, IPO Ratings, listing date, October IPO

IPO Updates: Indiabulls Power IPO is listing on October 30, 2009

noreply@blogger.com (Saurabh) — Wed, 28 Oct 2009 17:02:00 +0000

Indiabulls Power IPO is listing on October 30, 2009. This subsidiary company of Indiabulls group was open for subscription on October 12 and closed on October 15, 2009.

For Allotment status of Indiabulls Power IPO visit: Karvy allotment status

IBPL IPO listing is expected to be with marginal premium and will see the positive closing. This share is listing on BSE and NSE. This IPO received an overwhelming response from investors especially QIBs. Indiabulls Power IPO subscribed total 40 times. It issue price was Rs. 45/share.

Keywords: IBPL, I allotment status, indiabulls IPO, Indiabulls listing date, ipo listing, listing date, October IPO

IPO Updates: Indiabulls Power IPO Allotment status is available now!

noreply@blogger.com (Saurabh) — Tue, 27 Oct 2009 07:19:00 +0000

Indiabulls Power IPO Allotment status is available now!

You can check the allotment status at: Karvy

Log the comment for refund and allotment related questions and queries...

IPO Updates: Consider DEN Networks for midterm Investment: ET

noreply@blogger.com (Saurabh) — Mon, 26 Oct 2009 17:04:00 +0000

As per The Economic times, DEN network should be considered as a mid to long term investment.

DEN Networks Limited is one of the largest national cable television companies in India established in 2007. DEN Networks is in the business of distribution of analog and digital cable television services.

ICRA has given 3/5 ratings to Den networks Limited, this means as per ICRA, company has Average fundamentals

Valuation comparison with competitors:
The IPO is priced at around 4.5 times its book value (based on post IPO networth), which compares favourably with Wire & Wireless (5x) and Dish TV (6x), its two key listed peers.

The company’s main strategy is to digitise its analogue subscribers. For this the company would be purchasing 7,17,500 set-top boxes. For the quarter ended June, the company reported revenues of Rs 99 crore from its cable business and a further Rs 109 crore came from its STAR-DEN operations during the same period.

IPO Updates: Post Diwali crackers by Thinksoft Global Services, Ended with fabulous 32% return

noreply@blogger.com (Saurabh) — Mon, 26 Oct 2009 16:50:00 +0000

Thinksoft Global Services listed today on BSE & NSE. ThinkSoft listed with marginal premium of Rs. 1 which is 0.8% to its issue price, but ended its first trading session at a huge premium of 32.80% to its issue price of Rs 125. On BSE it listed at Rs. 100.

On NSE:
Intra-day low of Rs. 126 and high was Rs. 169.80. The share closed at Rs 166 on the NSE. The total traded quantity was 2,62,47,157 shares and turnover was at Rs 40769.71 lakh.

On the BSE, the share closed at Rs 164.30 at a huge premium of 31.44% to its issue price. It touched an intraday high of Rs 170 and intraday low of Rs 100. It was a post diwali crackers in the Market.

The issue was of 36,46,000 equity shares and was subscribed 2.57 times. IT opened for subscription during September 22-October 1, 2009.

Thinksoft Global Services had reduced its IPO price band to Rs 115-125 from Rs 120-130 per share, due to poor response from investors.

IPO Updates: IPO of telecom major Bharat Sanchar Nigam Limited (BSNL) has been deferred, awaiting Govt decision

noreply@blogger.com (Saurabh) — Sat, 24 Oct 2009 16:36:00 +0000

Bharat Sanchar Nigam Ltd (BSNL) IPO was planning to hit the market in current financial year, but the plan has been deffered.

Mr Kuldeep Goyal, Chairman and Managing Director, BSNL, said, “As of now, I do not think it is on the immediate radar. It would be difficult to acquire the IPO in current financial year”

“The Government has to take a decision on it. We are waiting for the decision.” he added.

The government would need to time the listings of various public sector undertakings, and for BSNL, there is no particular timelineas of now.

Godrej Properties Limited (GPL) updated DRHP filled with SEBI, plans IPO in near future

noreply@blogger.com (Saurabh) — Sat, 24 Oct 2009 16:14:00 +0000

Godrej Properties Limited (GPL) updated their DRHP today expected to hit the primary market with its IPO (initial public offering) issue soon. GPL filled their DRHP for public issue last year in June 2008. Godrej Industries holds 82% in the GPL.

As per the DRHP filed in June 2008, IPO proceeds will be used for acquisition of land development rights for forthcoming projects, construction of forthcoming projects and repayment of loans.

9 crores shares will be diluted to raise about Rs 600 crore via the IPO issue To the extent of stake sale, it is going to be 13.5%. But what might change is that before the company was actually mulling a 3.5% placement pre-IPO and now as we understand it is looking at 13.5% stake sale via the IPO issue by itself, primarily because the pre-IPO placement will be very close on heels with its IPO issue.

New updated DRHP is still awaited.
ICICI Securities and Kotak Mahindra are bankers to the issue.

IPO Updates: Astec LifeScience Limited IPO details,Closing date, allotment status, Listing date

noreply@blogger.com (Saurabh) — Sat, 24 Oct 2009 15:50:00 +0000

Astec LifeScience Limited IPO Issue Details:

* 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 Agrochemicals 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