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Astron Paper & Board Mill Ltd IPO (Astron Paper IPO) Detail

Dec 15, 2017 - Dec 20, 2017

Incorporated in 2010, Astron Paper & Board Mill Ltd is Ahmadabad based manufacturer of Kraft paper, also known as paperboard or cardboard. The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers.

Astron Paper has manufacturing facility in Halvad, Gujarat. Company uses waste paper as raw material.

The Company is having Triple Wire Machine with a daily capacity of 350 MT along with daily pulp mill capacity of 400 MT. Astron Paper is ISO 9001-2008, ISO 14001, UKAS Management systems and FSC certified.

Company Promoters:

The promoters of the company are Mr. Kirti G. Patel, Mr. Ramakant Patel and Mr. Karshanbhai Patel. Asian Granito India Ltd is the corporate promoter of the company. Equity shares of Asian Granito are listed at BSE and NSE since year 2007. For more detail click the links below:

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 1727.51 1584.46 1372.42
Total Revenue 1845.89 1578.53 1521.37
Profit After Tax 99.59 60.85 41.29

Objects of the Issue:

Astron Paper intends to utilize the net proceeds from this public issue towards the following objects:
1. Setting up of additional facility for manufacturing of lower GSM and lower B.F Kraft Paper,
2. Part repayment of unsecured loan,
3. Funding the working capital requirements and
4. General corporate purposes.

Issue Detail:

  »»  Issue Open: Dec 15, 2017 - Dec 20, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 14,000,000 Equity Shares of Rs 10 aggregating up to Rs 70.00 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 45 - Rs 50 Per Equity Share
  »»  Market Lot: 280 Shares
  »»  Minimum Order Quantity: 280 Shares
  »»  Listing At: BSE, NSE

Press Releases

Astron Paper IPO Reviews / Recommendations:

Capital Market Review
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Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved1,330,0007,315,0004,655,000700,00014,000,000
Day 1 - Dec 15, 2017 17:00 IST1.50000.04000.75000.04000.4200
Day 2 - Dec 18, 2017 17:00 IST1.80000.450014.08000.58005.1100
Day 3 - Dec 19, 2017 17:00 IST5.74001.150033.57001.590012.3900
Day 4 - Dec 20, 2017 17:00 IST103.3545396.989073.31502.6940241.7538

Astron Paper IPO Prospectus

Astron Paper IPO Rating

1959
4.1
Rating:Rated 4.1 stars

Vote Here ...

Astron Paper IPO Listing Date

  •   ›  Listing Date: Friday, December 29, 2017
  •   ›  BSE Script Code: 540824
  •   ›  NSE Symbol: ASTRON
  •   ›  Listing In:
  •   ›  ISIN: INE646X01014
  •   ›  Issue Price: Rs 50 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 50.00
Rs 114.00
Rs 113.10
Rs 119.70
Rs 119.70
581,237
NSE
Rs 50.00
Rs 115.00
Rs 112.50
Rs 120.75
Rs 120.75
6,355,963

Astron Paper IPO News Alerts

  1. Friday, December 29, 2017 12:00:00 AM
    Astron Paper IPO - Listing
  2. Wednesday, December 27, 2017 12:00:00 AM
    Astron Paper IPO - Allotment
  3. Wednesday, December 20, 2017 12:00:00 AM
    Astron Paper IPO Closes
  4. Friday, December 15, 2017 12:00:00 AM
    Astron Paper IPO Opens

Company Contact Information

Astron Paper & Board Mill Ltd
Ganesh Meridian, D-702,7th Floor,
Opposite High Court, S-G Highway,
Ahmedabad 380060
Phone: +91 79 40081221
Fax: +91 79 40081220
Email: info@astronpaper.com
Website: http://astronpaper.com/

Astron Paper IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: astron.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Astron Paper IPO Lead Manager(s)

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Astron Paper IPO Review / Comments

avatar
1094. JAGAN MOHAN VUPPALA  Jan 27, 2018 10:57:01 AM IST I Like It. | Report Abuse Reply
Past 7-8 day onwards astron IPO share price is come down to 3-4 rupees on daily basis. I had buy 66 shares at Rs. 121/- on listing day, shall I hold or sell these shares. I am new for share market. Please anybody give suggest on this.
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1094.1. Manofsteel  Jan 27, 2018 1:26:50 PM IST I Like It. | Report Abuse
Can come down in the short term.
But future looks bright.
Hold it if you can for some months.
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1093. ultrasnow  Dec 27, 2017 6:00:36 PM IST I Like It. 12 | Report Abuse Reply
Congrats to the allotees, as usual I''m like India at the olympics, only there to participate but no medal
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1093.1. Barnit  Jan 19, 2018 12:59:15 AM IST I Like It. 1 | Report Abuse
Thanks a lot buddy
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1092. Shivajee  Jan 12, 2018 10:19:06 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Mathews,

sorry for replying you lately, reply you can see below. I was out on important work.

Thanks
avatar
1092.2. Shivajee  Jan 18, 2018 12:03:45 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
rshivajee@yandex.com

regards
avatar
1092.3. Mathews  Jan 18, 2018 6:42:15 PM IST I Like It. | Report Abuse
Hi Mr.Shivajee,

Mr. Porinju is picking up scripts like Sarda Plywood, Shalimar Paints etc which he himself is shying away from commenting on. In my opinion he has got Aspinwall as a private investment which has got some merits. Yesterday from Bloomberg I noticed, his fund picked up a bit of Confidence Petroleum and share is up nearly 10% today. But it high risky business he is indulging in. Some of the picks are suspicious too for reason that lakhs of shares transacted as "bulk deal" on a particular day when script''s average trading volumes are much less and not fancied.

Just for your curiosity. Please check the major share holders and bulk deals of Viceroy Hotels from moneycontrol.com. Can see two of the most prominent investors of India made substantial investment in this hotel. One investment being done in as late as September, 2017. Study this script, there investments, time period and come back. I had a question for u .
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1091. Nightmare  Dec 27, 2017 2:24:38 PM IST I Like It. | Report Abuse Reply
Allotment kab hoga?
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1091.1. Nightmare  Jan 18, 2018 2:33:23 PM IST I Like It. | Report Abuse
Mene bat kiya...ahemedabad office per
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1090. Chem cho  Jan 18, 2018 11:12:19 AM IST I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
RS 151 ON 18 JAN 18
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1089. v for vendetta  Jan 16, 2018 9:09:46 PM IST I Like It. | Report Abuse Reply
This stock is not worth above 60-70 rupees.
The Price went skyhigh just because of hype, choking of supply in short term.
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1088. Mathews  Jan 10, 2018 8:11:04 AM IST I Like It. 2 | Report Abuse Reply
There is something wrong with this IPO. Everything is artificial about it. You can compare it with some of the junk infra shares hitting UC every day. These infra companies had nothing in their hand or books. Just tons of debit establishing the banking sector. Remember the capital infusion of 2 lakhs crore to save them from collapsing. They live in the past glory but operators place such orders which could not be got executed and later cancel them. Poor lay investors after seeing the UC jump into to buy it and later see LC every day when their turn comes for sell. They will sell at a price much lower than from what they bought. Listen to Porinju : In stock market keep your eyes and ears open. Plenty of things are happening around dear.
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1088.3. Mathews  Jan 11, 2018 12:14:45 AM IST I Like It. 2 | Report Abuse
Dear Shivaje,
Thanks for your reply. Today, EQ India fund bought 5 lakh share of Som Distilleries. It appears from the Bloomberg data on twitter that Mr. Porinju alos bought 1.5 lakhs of this company. He was tweeting about under ownership of Indian liquor companies. Today Som Distilleries scaled new heights.

Coming to back to bank deposits, my view is that all bank deposits are safe in India. The reason being that the government of the day has to save public sector banks from a collapse at any cost since FD is the only social security product owned by most of the Indian old age people.

No need to go to a bank, if u can identity a company like Sundaram Finance for investment. Risk free share. They very conservative and safe players in the NBFC market. Just have a look at their capital structure and bonus share issue. During last 30 years 8 times they issued bonus shares, mostly in the ratio 1:1. You can buy this share on any day and keep it in your safe just like an FD!!

By the way, Astron papers started hitting LC!!!! That is no news.

Happy investing.

What is your take on Rain Industries?? Carbon, cement an, specialty chemicals in one basket. Is it a good bet?? I think so. What is your opinion??
avatar
1088.4. Shivajee  Jan 12, 2018 10:18:06 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Mathews, Thanks for the Som Distillaries pick of PV. Your name sounds a keralite and i am very near too. He has been telling that some underowned sectors are there on channels and I believe this sector is one of them. Just let me know if there is any site that informs us if such a big guy like PV buys a stock Immeidately, so that we can study or invest the same like copy cats.

I can understand your point of safety of deposits of India, but there are some drastic changes going on like demon, etc.further the Indian public sector banks'' NPA is one of the highest in the world which is not a good sign. They are getting infused by govt. Next step, there are talks of bail in" clause of FRDI bill. Need to pray that sucha bill does not come at all. Since it is the common man affected and the big fish who has taken loans in huge crores are written off as NPA. It is ultimately the common man''s tax money that goes in as influx or bail in in the case of dissolution of a public sector. I think the private sector banks don''t have the political influencers to swell up the NPA and they are running under profit smoothly. what i mean to say is that, they have less NPA in pvt banking sector.

Rain industries is supported by many Ace pickers and the results are due next month. The peer Goa Carbon is not into cement, but has concentrated business in electrodes. they have posted good results which is seen as a good parameter scale for rain industries.Also, rain itself has performed well last time and the results were good. There is also increase of electrode prices worldwide due to demand and Chinese shutting down their units due to pollution issues. Graphite electrode was a small sector but that was the most performing sector of last year (rain was 10 bagger goa carbon was 10 bagger, HEG,and others followed suite. ). Future growth is expected good and you can see Goa Carbon touching higher highs. Motilal Oswal has fixed target for Rain as 492. This year, sure growth will continue in my view, but i dont think it will be a 10 bagger like last year (from 44 to 450 range).

Be in touch.
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1087. BAMBAM  Jan 12, 2018 6:31:04 PM IST I Like It. | Report Abuse Reply
Dear all exprts......What is expected range of trading
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1086. Common man view  Jan 12, 2018 8:14:13 AM IST I Like It. | Report Abuse Reply
Dear all exprts......What is expected range of trading and trading pattern remains today......experts pls share your view .............
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1085. Manofsteel  Jan 11, 2018 4:35:17 PM IST I Like It. | Report Abuse Reply
What percentage will be the Circuit limits from tomorrow for Astron... 5 % or 10% or 20%.??
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1085.2. Manofsteel  Jan 11, 2018 8:07:41 PM IST I Like It. | Report Abuse
Isn''t it supposed to be 10%?
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1085.3. Baelish  Jan 12, 2018 1:09:16 AM IST I Like It. | Report Abuse
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1084. Common man view  Jan 8, 2018 12:56:14 PM IST I Like It. | Report Abuse Reply
Shivajee .....thanks a lot for giving such a valuable information.....but one more thing is is it better to hold stock upto 12th jan 18.....let us guide...........
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1084.1. Shivajee  Jan 9, 2018 11:15:46 AM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Common man,

For the answer, please see message 1083.2. Again, it depends on your holding capacity.
In my view, for a common man, with low capital, we should book profits so that we can get going forward with trading. This is already a 3 bagger (multibagger). There are many cases in shares when it hit UC continuously, it also hit LC continuously.

So, the options are
1. Book partial profits so that you get a feeling of having earned something..

2. Have the rest of the shares as portfolio holding, so that you get a feeling of having some stocks as asset for short, medium or long term according to your holding capacity.

Win-win , 50:50. These are just suggestions of choice, its up to you to take decision.!!
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1084.2. YRK  Jan 11, 2018 2:36:07 PM IST I Like It. | Report Abuse
good information Shivajee
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1083. Chem cho  Dec 29, 2017 10:01:28 AM IST I Like It. 17 | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
BROUGHT AT RS 119.7
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1083.21. Sri  Jan 11, 2018 9:37:11 AM IST I Like It. | Report Abuse
@Chem cho:

Is it worth buying this share for long term? say 3 to 5 years ... If yes, at what price we can buy?

Kindly suggest.

Thanks
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1083.22. Cool Sunshine  Jan 11, 2018 10:32:33 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
Buying before it moves out of T-Segment and subsequent real stock price discovery, could potentially trap retail investors at high price. Be cautious.
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1082. Cool Sunshine  Jan 7, 2018 10:37:55 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
Now is the point when everyone should decide their exit point.

This stock has already moved up significantly with very low volume and whenever reversal happens, we can expect many continuous LCs.

There have been few sellers ......after reversal there will be very few buyers..........
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1082.7. Cool Sunshine  Jan 8, 2018 12:11:16 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
@Baelish

For some reason my reply has appeared as separate message currently #1077.

With this I rest my case.

avatar
1082.8. Cool Sunshine  Jan 10, 2018 1:15:26 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 600+ Likes)
It moved up with multiple 5% UC .....after Friday it could move down with 20% LC wiping most of the profit accrued.

Suggestion for Short term players...be cautious and keep looking for the opportunity to exit at good profit.
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1081. Shivajee  Jan 8, 2018 10:42:42 AM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)








For those who are worried about T group of AStron paper and board mill, you have got good news from BSE INDia, although old news.

Subject      Change in Group of Equity Shares of Astron Paper & Board Mill Limited
Content
In continuation to the Exchange’s notice no. 20171228-44 dated Thursday, December 28, 2017 Trading Members are hereby informed that the trading in the equity shares of Astron Paper & Board Mill Limited (Scrip Code: 540824) shall be transferred from Trade for Trade segment (T Group) to Rolling segment with effect from January 12, 2018. Accordingly, the dealings in the equity shares of the company will be shifted under B Group.

Trading Members may please contact Ms. Rupal Khandelwal on Tel. No. 022 – 2272 8262 for further details.


Rupal Khandelwal

Manager
Friday, December 29, 2017

COURTESY: http://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?Noticeid=%7BE587DED7-EB63-41F6-B32F-978AFD848B1E%7D¬iceno=20171229-6&dt=12/29/2017&icount=6&totcount=6&flag=0

(BSE INDIA)
avatar
1081.2. Shivajee  Jan 9, 2018 11:04:35 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
Empty sir,

It depends on your holding capacity. It means Friday, the circuit limit is revised and you might get chance to sell the shares. So

Scenario 1. If you want to sell partially or fully you can do that, since this news creates an avenue to sell.

Scenario 2. If you want to hold for long term, this news does not matter.

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1081.3. Sultaann  Jan 10, 2018 12:28:37 PM IST I Like It. | Report Abuse
IS it good for long term?
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1080. Shivajee  Jan 10, 2018 11:38:29 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
QUESTION TO MODERATOR/OTHER EXPERTS/MEMBERS OF CHITTORGARH

iF A STOCK HITS LC OR UC...what is the time to place premarket order so that it gets executed (is it 9.5, 913)?
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1080.1. Hellrazor  Jan 10, 2018 11:43:22 AM IST I Like It. | Report Abuse
I posted order at9.16 to sell at market price and got executed.
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1079. Vijendra  Jan 10, 2018 9:17:09 AM IST I Like It. | Report Abuse Reply
NSE 161.20 == lower circuit started
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1078. Small Investor  Jan 9, 2018 5:13:10 PM IST I Like It. | Report Abuse Reply
when Circuit Filterer date

change from T Group to B group
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1078.1. ipo share  Jan 9, 2018 7:32:32 PM IST I Like It. | Report Abuse
12th Jan.
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1077. sujee  Jan 9, 2018 9:28:12 AM IST I Like It. | Report Abuse Reply
Now every one is on to edge and wanted to know when to sell.

Friday is near.
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1076. AnkurGoel  Jan 8, 2018 5:08:56 PM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Barbeque nation is approved by Sebi.
avatar
1075. Common man view  Jan 8, 2018 10:16:46 AM IST I Like It. | Report Abuse Reply
@experts.......can any one share trading method i n t group segments.............like circuit limits......etc......pls share in detail....
avatar
1075.1. Shivajee  Jan 8, 2018 10:23:58 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
What are T-Group shares?
The "T" group represents securities which are settled on a trade-to-trade basis as a surveillance measure.

When a stock is in T-group, intraday trading (i.e speculation) is not allowed.

Only buying or only selling (but not both during the same day) is allowed.

This means that only investors will be able to either buy / sell the shares of the company.

If a stock still hits upper or lower circuits consecutively for few fays, there is a high chance that it will be moved to T-group.

As said earlier, this is done as a surveillance measure.

Company shares in this segment are like caged birds.

Because of the limitations involved, there will not be much of volumes in the stock.

It is better to avoid such shares because we cannot know what checks or surveillance is being done by the stock exchanges.

Rule #31: Avoid investing in T-group company shares till they are moved to its parent group
Other similar term used for T-group is XT-group (T-group companies that are listed only on BSE) and MT-group (T-group shares for SME companies
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