Asahi Songwon Colors IPO
Asahi Songwon Colors IPO — date, price band, lot size & details 2007
Asahi Songwon Colors listed on 4 Jun 2007 at ₹93, 3.3% above the ₹90 issue price.
Asahi Songwon Colors makes pigments at units in Gujarat, with customers such as Sun Chemical, Clariant, DIC and Ciba. Its net worth was Rs 170.14 million in December 2006.
Stock price
Asahi Songwon Colors is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 09 May 2007
- Close 15 May 2007
- Allotment TBA
- Refund/credit TBA
- Listing 04 Jun 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 15 May, 2007 |
|---|---|
| Price Band | ₹90 – ₹108 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹33.5 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 60 shares at the ₹90 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹5,400 |
| Retail (max) | 37 | 2,220 | ₹1,99,800 |
| S-HNI (min) | 38 | 2,280 | ₹2,05,200 |
| S-HNI (max) | 185 | 11,100 | ₹9,99,000 |
| B-HNI (min) | 186 | 11,160 | ₹10,04,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its capacity grew from 180 TPA to 900 TPA.
- 02Its customers included at least 4 MNCs: Sun Chemicals, Clariant, DIC and Ciba.
- 03Net worth rose from Rs 103.07 million in March 2006 to Rs 170.14 million in December 2006.
- 04DIC of Japan and Clariant of Korea held 19.47% between them before the issue.
Risks · 5
- 01It depended on a few large global ink and colour companies, 2 of which were also shareholders.
- 02Pigment raw material prices can swing; net worth was only Rs 65.67 million in the earliest year shown.
- 03Chemical plants face pollution rules at its 2 Gujarat units.
- 04The issue was priced at Rs 90, the bottom of its band.
- 05Promoter and promoter group holding fell from 81.34% before the issue to 56.67% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Asahi Songwon Colors offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 52.99 | 27.91 | 42.14 | 31.76 |
| Profit After Tax | 7.43 | 2.68 | 1.20 | 1.05 |
| NET Worth | 17.01 | 10.31 | 8.75 | 8.09 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Asahi Songwon Colors RHP.
Where the money goes
₹52.00 Cr of the issue is earmarked to named objects.
About the company
It makes pigments, and DIC of Japan and Clariant Pigment of Korea were also shareholders.
Its installed capacity grew from 180 TPA to 600 TPA and then 900 TPA. Its units are at Padra in Vadodara and Kadi in Mehsana, and its customers included Sun Chemicals, Clariant, DIC and Ciba.
The IPO was a fresh issue of 37,22,222 shares at Rs 90, the bottom of the Rs 90 to Rs 108 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Asahi Songwon Colors IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Fortune Financial Services (India) Ltd
1 issue handled1 of their issues has listed so far, and 1 opened above the issue price (average +25.7%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Asahi Songwon Colors?
The current Grey Market Premium is ₹0.
What is the Asahi Songwon Colors IPO price band?
₹90 to ₹108, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 4 June 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
