Asha Resins IPO Details

SME NSE

Asha Resins IPO Summary

Asha Resins IPO DRHP (Draft Red Herring Prospectus) has been Exchange Approval Received.

Pre-issue shareholding stands at 91,50,000, which will increase to 1,24,38,000 post-issue.

Asha Resins IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.

The Lead Managers for Asha Resins IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Hem Securities Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Asha Resins Limited DRHP.

Asha Resins IPO Details

Open Date

Close Date

Listing Date

Issue Price

₹0 - ₹0

Face Value

₹10 per share

Lot Size

0 Shares

GMP

₹0

Issue Type

IPO

Listing On

NSE

Type

Book Built Issue

Pre-issue Shareholding

91,50,000 shares

Post-issue Shareholding

1,24,38,000 shares

Total Issue Size

Fresh Issue

Offer for Sale

DRHP Status

Exchange Approval Received

Asha Resins IPO Lot Size

Application	Lots	Shares	Amount
To be announced

Asha Resins IPO Reservation

Promoter Holding

Pre Issue:

99.99%

Post Issue:

Promoter Names:

Kiran Mohanlal Karnawat, Asha Mohanlal Karnavat, Seema Kiran Karnawat, Sneha Kiran Karnawat

Documents

DRHP

Asha Resins IPO DRHP

Asha Resins IPO Valuations

ROE22.90%

ROCE27.17%

RONW26.34%

PAT MARGIN22.73%

Asha Resins Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18.32	14.01	13.27
Total Income	17	19.36	16.29
Profit After Tax	3.73	2.14	1.78
Net Worth	14.16	10.43	8.29
Reserves and Surplus	14.01	10.28	8.14
Total Borrowing			0.06
Amount in ₹ Crore

About Asha Resins IPO

Incorporated in August 1993, Asha Resins Limited manufactures a range of water and wastewater treatment chemicals, including ion exchange resins, biocides, dispersants, polyelectrolytes, and various cleaning and treatment chemicals for sugar processing, RO, and fuel additives.

The company produces sugar process chemicals like evaporator antiscalant, mill sanitation chemicals, viscosity reducers, scale softeners, and Colour precipitants that enhance efficiency and improve sugar production quality.

The company manufactures and supplies high-quality resin products, catering to a diverse range of industries including construction, automotive, electronics, and furniture.

The company's manufacturing facility is situated in Pune, Maharashtra, and covers 65,000 square feet, with an annual installed capacity of 1560 metric tonnes.

The company holds the ISO 9001:2015 certification for quality management systems from QRO Certification LLP. Our products are marketed under the registered name “ASHAION.”

As of July 31, 2024, the company has 20 full-time employees, including managers.

Competitive Strength:

It manufactures a wide range of water treatment and industrial chemicals, such as Ion exchange resins, Sugar process chemicals, and Biocide chemicals.
In-house manufacturing facility with quality control mechanism.
Long-standing relationship with its Customers.
Well-qualified and Experienced Management Team.

Strength Of Asha Resins IPO

To be announced

Risk Of Asha Resins IPO

To be announced

Objectives Asha Resins IPO

1. Funding of capital expenditure towards civil construction work in the existing premises of factory

2. Funding of capital expenditure towards installation of additional Plant & Machinery in the existing premises of factory

3. General Corporate Purpose

Company Contact Details

Asha Resins Ltd.
Gat No. 227/2
2 A/P Dhanore, Khed
Taluka
Pune, Maharashtra, 412105
Phone: +91-9404242201
Email: cs@asharesins.com
Website: https://www.asharesins.com/

Registrar Contact Details

Name:

Cameo Corporate Services Ltd

Phone:

+91-44-28460390

Email:

ipo@cameoindia.com

Website:

https://ipostatus1.cameoindia.com/

Lead Mangers

Market Maker

To be announced

Asha Resins FAQs

The Asha Resins IPO is a SME public issue comprising 0 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.

The IPO opens for subscription on TBA, and closes on TBA.

Cameo Corporate Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE

The Asha Resins IPO opens on TBA.

Asha Resins IPO lot size is 0, and the minimum amount required for application is ₹0.

You may apply for the Asha Resins IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Asha Resins IPO is scheduled to be finalized on TBA. Subsequently, the shares allotted will be credited to investors’ demat accounts by TBA. Investors are advised to regularly check the Asha Resins IPO allotment status for updates.

The listing date for the Asha Resins IPO has not yet been officially announced. However, the tentative listing date is scheduled for TBA.

Asha Resins IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at TBA.