Aster Silicates IPO open from today

Aster Silicates Ltd. has entered the capital markets with an IPO which has opened for subscription from today. Aster Silicates Ltd. is engaged in the business of manufacturing of sodium silicate which includes food grade sodium silicate, special drilling grade silicate and detergent grade silicate. It produces sodium silicate both in glass and liquid form. The company intends to use issue proceeds for expansion of manufacturing facilities and additional working capital requirements

The price band for the IPO had earlier been fixed at Rs.112/- to Rs.118/- per equity share for Equity Shares having a Face Value of Rs.10/- each. Aster Silicates IPO will remain open for subscription till Monday, June 28, 2010

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