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.
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:
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||99.59||60.85||41.29|
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 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
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||1,330,000||7,315,000||4,655,000||700,000||14,000,000|
|Day 1 - Dec 15, 2017 17:00 IST||1.5000||0.0400||0.7500||0.0400||0.4200|
|Day 2 - Dec 18, 2017 17:00 IST||1.8000||0.4500||14.0800||0.5800||5.1100|
|Day 3 - Dec 19, 2017 17:00 IST||5.7400||1.1500||33.5700||1.5900||12.3900|
|Day 4 - Dec 20, 2017 17:00 IST||103.3545||396.9890||73.3150||2.6940||241.7538|
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