✓
Open
29 Oct to 4 Nov, 2009
✓
Close
29 Oct to 4 Nov, 2009
3
Allotment
—
✓
Listing
Wed, Nov 25, 2009
Price Band
₹77 to ₹82
Issue Size
75,00,150 shares (agg. up to ₹62 Cr)
Lot Size
75 Shares
Listing Date
Wed, Nov 25, 2009
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.23x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of our existing manufacturing facilities at Mahad, Maharashtra | 32.56 |
| 2 | Expansion of our existing Research and Development facility at Dombivli, Maharashtra | 2.55 |
| 3 | Contingencies @ 2.5% of the above expansion project | 0.88 |
| 4 | Meeting Product Registration expenses | 3.76 |
| 5 | Meeting long-term working capital requirements | 11.00 |
| 6 | General Corporate Purposes | 7.05 |
| 7 | Issue Expenses | 6.70 |
About Astec LifeSciences IPO
Incorporated in 1994, Astec LifeSciences Limited is engaged in business of Agrochemicals and Pharmaceuticals. Company is primarily involved in the production of active ingredients and intermediates for agrochemicals and pharmaceutical segment. Hexaconazole, Tebuconazole, Metalaxyl and Propiconazole are some of their key products in agrochemical segment which are generally used in crop protection and Dicap is one of the key Pharmaceutical intermediate which is used in manufacture of antifungal agents.Astec has multipurpose production facilities at 2 locations. 1. Dombivli - 1 plant (50km from Mumbai) 2. Mahad - 2 plants ( 180 kms from Mumbai)Astec started it's first manufacturing unit in August 1994 in Dombivli, Maharashtra having an installed capacity of 120 MT for the manufacture of Dicap. In the year of 2002, Astec entered into an agreement with Behram Chemicals Private Limited for using and operating their manufacturing facilities located at Mahad Industrial Area, Maharashtra. During 2003-04 company expanded the total installed capacity of their units (Dombivli and Mahad) from 250 MT to 500 MT.Astec has been granted ISO 9001:2000 Certificate of Assessment by International Standa
Contact Details
Astec LifeSciences Ltd. Address5-5A, 4th floorKamanwala Chambers, Sir P.M.RoadFortMumbai, Maharashtra, 400001+91-22-2261 8212-13ipo@astecls.comVisit Website