ASTRAL POLY TECHNIK LTD to hit markets with IPO

ASTRAL POLY TECHNIK LTD to hit the capital markets with an Initial Public Offering of 33,71,000 Equity Shares of Rs.10 each in a price band of Rs.104/- to Rs.124/- through 100% book building process.

The company is also considering a Pre-IPO placement of upto 4,00,000 Equity Shares with certain investors, ("Pre-IPO Placement"). The Pre-IPO placement, if any will be completed before the Issue Opening Date. If the Pre-IPO Placement is completed the Issue size offered to the public would be reduced to the extent of such Pre-IPO Placement, subject to a minimum Issue of 25% of the post-Issue paid up Equity Share capital being offered to the public.

The issue opens for subscription on 14 February, 2007 and closes on 22 February, 2007.

KARVY INVESTOR SERVICES LTD is the Lead Manager for the issue. BIGSHARE SERVICES PVT LTD is the Registrar to the Issue.

The Equity Shares issued are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

The company's website is ASTRAL POLY TECHNIK LTD

Click on the link for company's IPO prospectus ASTRAL POLY TECHNIK LTD Prospectus

Source : Equity Bulls

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