Aster Silicates Limited which had tapped the capital markets with its IPO in a price band of Rs 112 to Rs 118 to raise Rs 53 crs was oversubscribed. The issue received response from HNI’s and retail investors while QIB’s gave the issue a pass by with subscription for a mere 1% of the allocation.

Readers will recall that in my article I had pointed out glaring irregularities in the issue.