Tuesday, May 8, 2007

Asahi Songwon Colors Ltd (ASCL) IPO opening on May 09

Hi Friends,

Incorporated in 1990 Asahi Songwon Colors Limited (ASCL) is in business of manufacture of blue and green pigments, more specifically Copper Phthalocyanine (CPC) Blue Crude and Pigment Green.

ASCL is entering the capital markets with an initial public offering, IPO of equity shares aggregating Rs.335 Millions, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 90/- at lower level and Rs 108/- at upper level for equity share of Rs 10. The issue opens on May 09, 2007, and closes for subscription on May 15, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).