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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:

  1. Astron Paper & Board Mill Ltd IPO review by Dilip Davda

Astron Paper IPO Prospectus

Astron Paper IPO Rating

852
4.1
Rating:Rated 4.1 stars

Vote Here ...

Astron Paper IPO News Alerts

  1. Wednesday, December 20, 2017 12:00:00 AM
    Astron Paper IPO Closes
  2. 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
78. AhireR  Dec 11, 2017 12:49:03 PM IST I Like It. | Report Abuse Reply
Anybody buying astron paper at kostak? Want to sell 9 applications at 1000/- per app..
avatar
77. Uchit Patel  Dec 9, 2017 10:15:40 AM IST I Like It. 9 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 900+ Likes)
Astros Paper:
PROS:
Good growth
Good Promoters
Parent Company gave good return
P/E is low and P/BV is good

CONS:
Very small issue
Huge subscription
Tough allotment
List on T group company, Circuit restrictions for first 10 days of trading
T group listing- Not much grey market activity

Apply with full force for listing gain also.
avatar
77.3. Uchit Patel  Dec 10, 2017 5:24:07 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 900+ Likes)
When issue size is less than 250 crore then it must be in T group. T group companies have restrictions for first 10 days of listing.
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77.4. Amit Pathak  Dec 11, 2017 12:43:38 PM IST I Like It. | Report Abuse
Uchit Sir what about the future supply & shalby IPO.
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76. vir  Dec 10, 2017 11:59:51 PM IST I Like It. 1 | Report Abuse Reply
How to participate in Infosys buyback offer ?
Is it possible to participate online?
avatar
76.4. ChotaKhatri  Dec 11, 2017 10:27:38 AM IST I Like It. | Report Abuse
Call your broker, he will place your order in BSE and give give you a TRS - Transaction Record Slip.

Even your discount broker will facilitate this option.
avatar
76.5. DBS  Dec 11, 2017 12:14:10 PM IST I Like It. | Report Abuse
Buy back is always through broker as he is holding the shares. If online facility is not there you can fill up the instruction slip for delivery given to you when you opened the account and hand over the same to him. 14th Dec. is the last date.
avatar
75. U. H. U. U  Dec 11, 2017 9:43:28 AM IST I Like It. 1 | Report Abuse Reply
Guys, look at STAR PAPER ON FRIDAY IT WAS 12% up, today it is almost 14 % up.
As I have suggested this stock is highly undervalued against astron paper, now adjusting to its peers.
Two days return is 25 %
avatar
75.1. U. H. U. U  Dec 11, 2017 11:47:36 AM IST I Like It. | Report Abuse
Star Paper locked in 20 % UC.
avatar
74. PearlRohit  Dec 11, 2017 11:45:02 AM IST I Like It. | Report Abuse Reply
ISSUE OPEN HOGA TAB TAK SHELBY HOSPITAL AND FUTURE SUPPLY CHAIN IPO KA REFUND AA GAYA HOGA, ESLIYE YE SMALL IPO KA SUBSCRIPTION RETAIL ME BAHOT JYADA / RECORD BREAK HOGA
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73. adityaaggarwal  Dec 11, 2017 11:40:02 AM IST I Like It. 1 | Report Abuse Reply
28-30 gmp yesss
avatar
72. Aditya Kondawar  Dec 11, 2017 10:47:07 AM IST I Like It. 1 | Report Abuse Reply
How is an IPO priced? What is an IPO life cycle? All answered here:

http://stocksandbiceps.com/wp/2017/10/21/initial-public-offering-all-information/

avatar
71. Gopinath pancholi  Dec 11, 2017 10:07:10 AM IST I Like It. | Report Abuse Reply
Today gray price plz. A.bad
avatar
70. harit  Dec 11, 2017 9:59:33 AM IST I Like It. | Report Abuse Reply
Also focus on
ITC
JK PAPER
SHESHSHAI
avatar
69. harit  Dec 11, 2017 9:57:35 AM IST I Like It. 1 | Report Abuse Reply
China banned paper pulp.
Directly benefits Indian co.
Multi bagger if allotment
Apply blindly
avatar
68. Eagleye  Nov 26, 2017 12:56:50 PM IST I Like It. 9 | Report Abuse Reply
IPO Guru IPO Guru (4500+ Posts, 13500+ Likes)
WOW ...

That''s news to me ....
avatar
68.1. vijay goel  Dec 10, 2017 11:02:07 PM IST I Like It. | Report Abuse
😂😂😂😂😂
avatar
67. Ssisusuwuwu  Dec 9, 2017 10:55:12 PM IST I Like It. | Report Abuse Reply
Can we apply more than 1 application for different DMAT accounts with single bank account via online??
avatar
67.1. Ar Shams  Dec 10, 2017 9:06:34 PM IST I Like It. | Report Abuse
Maximum 5 applications can be applied having 5 separate independent PAN numbers in one or single ASBA account.
avatar
66. U. H. U. U  Dec 10, 2017 11:07:31 AM IST I Like It. 1 | Report Abuse Reply
Star Paper moved 12% on Friday, as astron paper is coming....... Star paper is undervalued stock in comparison with astron paper......
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65. amit K singh  Dec 10, 2017 10:58:38 AM IST I Like It. 1 | Report Abuse Reply
Considering the issue size and industry, one can apply 1lot. Allotment will be tough.
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64. Bappa  Dec 7, 2017 10:40:09 PM IST I Like It. 1 | Report Abuse Reply
Listings date please
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64.1. mDelhi  Dec 8, 2017 1:07:47 AM IST I Like It. 1 | Report Abuse
mostly for an IPO its after 10/11 days
so may be 29 Dec 2017 would the listing date
avatar
64.2. Aniketiaf  Dec 9, 2017 9:16:07 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 1100+ Likes)
Listing will be always on 6th working day after last date of subscription. Here it will be on 29th December.
avatar
63. Aditya Kondawar  Dec 8, 2017 10:10:19 AM IST I Like It. 5 | Report Abuse Reply
Astron Paper IPO Review:

Astron paper is cheaply priced when compared to its peers even though its growth parameters are superior to its peers. Given the growth trajectory of this company , the sector it operates in , the financial performance of the company and the small sized issue (only 70 Crores) this issue is expected to be oversubscribed a number of times.

http://stocksandbiceps.com/wp/2017/12/07/astron-paper-ipo-review/
avatar
63.2. Aditya Kondawar  Dec 9, 2017 4:24:04 PM IST I Like It. 8 | Report Abuse
Hi Rohit Shukla, thanks a lot for your criticism. My reply to the points u raised:
1. I am a nism registered research analyst, you are most welcome to leave your email id so that i can send you my certificate of Research analyst.
2. Information has been taken from prospectus and financial and company introduction from chittorgrh. Other all analysis is mine.

Please quote something which i have copied. If i am wrong, i will try to correct myself.

Thanks,
Aditya Kondawar
avatar
63.3. all is well  Dec 9, 2017 6:06:34 PM IST I Like It. 2 | Report Abuse
@ aditya kondawar
perfect reply by your self to @ rohit shukla
avatar
62. astuter  Dec 9, 2017 12:30:51 PM IST I Like It. 1 | Report Abuse Reply
Astron Paper & Board Mill Ltd IPO:

**Major Risk Factors**
-> Our Company, our Group Companies and our Promoters are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.

-> Our historical revenues have been significantly dependent on few customers.

-> We generate our major portion of sales from our operations in certain geographical regions especially Gujarat, Madhya Pradesh and Rajasthan. For the year ended March 31, 2017, and September 30, 2017 our Company generated 64.96% and 77.31% respectively of our net revenue from manufacturing operations, cumulatively from these three states.

-> Any significant decline in the demand for our products i.e. Kraft paper or introduction of alternative technology or consumer habits may adversely affect our profitability and business prospects.

-> We are mainly dependent on imports for supply of our major raw material; i.e. waste paper.


**Company financials**

Parameter : Q2FY18 | FY17 | FY16 | FY15 | FY14 | FY13
----------------------------------------------------------------------------------------------
REVENUE : 1,109.61 | 1,845.89 | 1,578.53 | 1,521.37 | 1,061.98 | 267.27
PBT : 70.94 | 84.66 | 63.56 | 59.68 | (14.05) | (20.60)
PAT : 94.55 | 99.59 | 60.85 | 41.29 | (30.21) | (41.48)

With issue size of 14,000,000 Equity Shares, EPS for Q2FY17-18 comes at 6.75

Considering,
- Small issue size
- Sound financials
- Decent valuations
One can get very handsome returns in short term as well as long term. It will reach at price 70 very easily.
avatar
61. Aniketiaf  Dec 9, 2017 11:35:10 AM IST I Like It. 6 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 1100+ Likes)
Astron Paper subject to 4500
avatar
60. Market kid  Dec 9, 2017 10:27:04 AM IST I Like It. | Report Abuse Reply
Here, company is too new for market.,
I don''t even remember last 2010 established company listed in market?

SEBI must cleared issue due to strong promotor name " Granito Asian"

And it diluting share bought at 9 rs only in 2013.

So yes near 5 times return in 5 years,

Do you have that mind and expertise my dear forum fellas? ??

So leave your current 9-5 job, do some ground work, make a company, get listed on exchanges and be crorepati.

Make yourself so rich that you can proudly say what this man had said earlier,

Hello there,

My name is jacob Rothschild

My family is worth 500 trillion dollars.

We own nearly every central bank in the world,

We financed both sides of every war since napoleon

We own your news, the media, your oil and your government,


You have probably never heard of me!
avatar
59. Rojan George  Dec 9, 2017 10:00:51 AM IST I Like It. 1 | Report Abuse Reply
Could anybody mention which banks give the maximum cut off time with 5 applications?

Could anybody mention the following banks cut off time and number of applications

Punjab National Bank

Central Bank of India

Corporation Bank.

Oriental bank of commerce

Bank of india

Bank of baroda.

Union Bank

Please mention the ASBA closing time
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