Astral Poly Technik comes out with an IPO
February 11th, 2007 by AnalystSalient Features :
Issue Opens on : February 14,2007
Issue Closes on : February 22,2007
Issue Size : 29,71,000 Equity Shares
Issue Type : Fixed Price
Face Value : Rs.10/-
Price Range : Rs.115/-
Market Lot : 50
Minimum Order Qty : 50
Listing Stock Exchange : NSE, BSE
Background :
Astral Polytechnik Ltd.(APL) was established in the year 1996 and later it became a Public Ltd. company in 2006.
APL attained licensee from Noveon, USA to manufacture and market CPVC piping and plumbing system in India.
APL had launched a new product range in lead free PVC pressure pipes and fittings. The Company began trading in products such as CPVC and PVC fittings, flanges and valves.
The Company has received an ISO 9001:2000 certification in respect of manufacturer and supply of CPVC and PVC pipes and fittings for plumbing systems and industrial piping system.
Main Objects of the Issue :
To part finance the expansion project of existing line of business.
To part finance incremental working capital requirements for existing and upcoming line of activity.
Posted in IPO |
