Asian Granito India Ltd

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BSE Code: 532888       NSE Code: ASIANTILES

Business Profile
Business Profile
Asian Granito India (ASIANTILES) is in the business of manufacturing vitrified tiles. Incorporated on Aug. 8, 1995 as a private limited company, it went public on Aug. 29, 1995 and got its current name on Nov. 25, 2002. Kamleshbhai Patel is the chairman and managing director (principal promoter) and Hasmukhbhai Patel, the managing director.

The company has a vast range of products at various price points. Products include glazed, unglazed, rustic, matte, homogenous and non-homogeneous body tiles manufactured through water jet cutting, tailor-made designs or customized according to client requirements. These products are manufactured at its plant in Dalpur, Himmatnagar, Sabarkantha district, Gujarat. The total manufacturing capacity is 14,000 sq. m. of vitrified tiles a day. After the proposed expansion, the total manufacturing capacity will increase to 16,000 sq. m. a day.

The company has a wholly-owned subsidiary, Asian Tiles set up its first unit to manufacture ceramic tiles and commenced commercial production in December 2000 with an installed capacity of 2,500 sq. m. a day. The company has now increased the capacity to 7,000 sq. m. a day.

The company caters to a broad spectrum of the urban and rural population through a nationwide distribution network. Currently, the company along with its subsidiary offers ceramic and vitrified tiles across the country through more than 250 dealers and distributors and more than 3,000 business associates.

The registered office is at City Mall, 2nd Floor, Beside Rajpath Club, Sarkhej-Gandhinagar Highway Road, Ahmedabad -380054 and corporate office at: Ceramic Zone, Dalpur, Prantij taluka, Sabarkantha district, Gujarat-383120.

Recent Developments
23-AUG-07
Equity shares of Asian Granito India will get listed on bourses on Aug. 23, 2007. The company fixed the issue price at Rs 97 a share.

25-JUL-07
Asian Granito India is all set to tap the primary market via an initial public offering (IPO) to raise upto Rs 714 million to invest in its capital expenditure plans. The company priced its issue in the range of Rs 85 to Rs 102 a share and has planned to float seven million shares. The issue opens on July 26 and closes on July 31. The issue will constitute 33.24% of the post issue fully diluted paid-up equity capital of the company. Shares of the company will list on both BSE and NSE.

Future Plans
The company intends to deploy the IPO issue proceeds to set up a wall tile unit at an estimated cost of Rs 486.86 million, and a sum of Rs 126.79 million will be invested in modernization and expansion of the existing vitrified plant.

Other Information
Annual Reports for Asian Granito India Ltd
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2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08

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