Aster Silicates, manufacturer of sodium silicate share today shot up by nearly 69 per cent in its debut trade on the BSE, over its issue price of Rs 118.
Chemical manufacturer Aster Silicates opened on a firm note at Rs 127.70, up 8.22 per cent, against the issue price of Rs 118 per equity. The scrip zoomed 90.67 per cent to touch an intra-day high of Rs 225 on the Bombay Stock Exchange. It finally settled up 68.72 per cent at Rs 199.10.
In a similar trend on the National Stock Exchange, the stock closed at Rs 214, up 81.36 per cent.
On the volume front, a total of over nine crore shares of the company changed hands on the two bourses.
The Rs 53-crore initial public offer of the company had opened on June 24 and closed on June 28. The price band was fixed at Rs 112-118.
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Soda Ash India
KIRAN GLOBAL CHEMS which started with the manufacture of a single product, Sodium Silicate, Potassium Silicate for making detergents has increased manufacturing quantities multifold through several manufacturing units.
For more details visit :- http://kiranglobal.com/products/products.html
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