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 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.

Astron Paper IPO Details

IPO Date Dec 15, 2017 to Dec 20, 2017
Listing Date Friday, December 29, 2017
Face Value ₹10 per share
Price ₹45 to ₹50 per share
Lot Size 280 Shares
Issue Size14,000,000 shares of ₹10
(aggregating up to ₹70.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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:

Astron Paper IPO Tentative Timetable

Astron Paper IPO opens on Dec 15, 2017, and closes on Dec 20, 2017. The Astron Paper IPO bid date is from Dec 15, 2017 10.00 A.M. to Dec 20, 2017 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 15, 2017
Closing Date Dec 20, 2017
Basis of Allotment Dec 26, 2017
Initiation of Refunds Dec 27, 2017
Credit of Shares to Demat Dec 28, 2017
Listing Date Dec 29, 2017

Astron Paper IPO Lot Size

The Astron Paper IPO lot size is 280 shares. A retail-individual investor can apply for up to 14 lots (3920 shares or ₹196,000).

Application Lots Shares Amount
Retail (Min) 1 280 ₹14,000
Retail (Max) 14 3920 ₹196,000

Astron Paper IPO Review

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Astron Paper IPO Subscription Status (Bidding Detail)

The Astron Paper IPO is subscribed 241.75 times on Dec 20, 2017 5:00:00 PM. The public issue subscribed 73.32 times in the retail category, 103.35 times in the QIB category, and 396.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Astron Paper IPO Prospectus

Astron Paper IPO Rating

Rating:Rated 4.1 stars
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Astron Paper IPO Listing Date

Listing Date Friday, December 29, 2017
BSE Script Code 540824
Listing In
ISIN INE646X01014
IPO Price ₹50 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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
Email: info@astronpaper.com
Website: http://astronpaper.com/

Astron Paper IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: astron.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Astron Paper IPO Review

Astron Paper IPO Recommendation Summary

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Astron Paper IPO FAQs

Astron Paper IPO is a main-board IPO of 14,000,000 equity shares of the face value of ₹10 aggregating up to ₹70.00 Crores. The issue is priced at ₹45 to ₹50 per share. The minimum order quantity is 280 Shares.

The IPO opens on Dec 15, 2017, and closes on Dec 20, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Astron Paper IPO opens on Dec 15, 2017 and closes on Dec 20, 2017.

Astron Paper IPO lot size is 280 Shares and the minimum order quantity is .

You can apply in Astron Paper IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Astron Paper IPO will be done on Dec 26, 2017, and the allotted shares will be credited to your demat account by Dec 28, 2017. Check the Astron Paper IPO allotment status.

The Astron Paper IPO listing date is on Friday, December 29, 2017.
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Astron Paper IPO Message Board

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1097. JAGAN MOHAN VUPPALA |   Link |Jan 27, 2018 10:57:01 AM
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.
1097.1. Manofsteel |   Link |Jan 27, 2018 1:26:50 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Can come down in the short term.
But future looks bright.
Hold it if you can for some months.
1096. Shivajee |   Link |Jan 12, 2018 10:19:06 PM (700+ Posts, 100+ Likes)

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

1096.2. Shivajee |   Link |Jan 18, 2018 12:03:45 PM (700+ Posts, 100+ Likes)

1096.3. Mathews |   Link |Jan 18, 2018 6:42:15 PM
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 .
1095. Chem cho |   Link |Jan 18, 2018 11:12:19 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
RS 151 ON 18 JAN 18
1094. v for vendetta |   Link |Jan 16, 2018 9:09:46 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
This stock is not worth above 60-70 rupees.
The Price went skyhigh just because of hype, choking of supply in short term.
1093. Mathews |   Link |Jan 10, 2018 8:11:04 AM
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.
1093.3. Mathews |   Link |Jan 11, 2018 12:14:45 AM
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??
1093.4. Shivajee |   Link |Jan 12, 2018 10:18:06 PM (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.
1092. BAMBAM |   Link |Jan 12, 2018 6:31:04 PM
Dear all exprts......What is expected range of trading
1091. Common man view |   Link |Jan 12, 2018 8:14:13 AM
Dear all exprts......What is expected range of trading and trading pattern remains today......experts pls share your view .............
1090. Manofsteel |   Link |Jan 11, 2018 4:35:17 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
What percentage will be the Circuit limits from tomorrow for Astron... 5 % or 10% or 20%.??
1090.2. Manofsteel |   Link |Jan 11, 2018 8:07:41 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Isn''t it supposed to be 10%?
1090.3. Baelish |   Link |Jan 12, 2018 1:09:16 AM
As per notice of Bse, it is going to be 20%

Source : http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20180111-24
1089. Common man view |   Link |Jan 8, 2018 12:56:14 PM
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...........
1089.1. Shivajee |   Link |Jan 9, 2018 11:15:46 AM (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.!!
1089.2. YRK |   Link |Jan 11, 2018 2:36:07 PM
good information Shivajee
1088. Cool Sunshine |   Link |Jan 7, 2018 10:37:55 PM
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..........
1088.7. Cool Sunshine |   Link |Jan 8, 2018 12:11:16 AM

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

With this I rest my case.

1088.8. Cool Sunshine |   Link |Jan 10, 2018 1:15:26 PM
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.
1087. Shivajee |   Link |Jan 8, 2018 10:42:42 AM (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
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

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

1087.2. Shivajee |   Link |Jan 9, 2018 11:04:35 AM (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.

1087.3. Sultaann |   Link |Jan 10, 2018 12:28:37 PM
IS it good for long term?
1086. Shivajee |   Link |Jan 10, 2018 11:38:29 AM (700+ Posts, 100+ Likes)

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)?
1086.1. Hellrazor |   Link |Jan 10, 2018 11:43:22 AM
I posted order at9.16 to sell at market price and got executed.
1085. Vijendra |   Link |Jan 10, 2018 9:17:09 AM
NSE 161.20 == lower circuit started
1084. Small Investor |   Link |Jan 9, 2018 5:13:10 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
when Circuit Filterer date

change from T Group to B group
1084.1. ipo share |   Link |Jan 9, 2018 7:32:32 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
12th Jan.
1083. sujee |   Link |Jan 9, 2018 9:28:12 AM
Now every one is on to edge and wanted to know when to sell.

Friday is near.
1082. AnkurGoel |   Link |Jan 8, 2018 5:08:56 PM
Barbeque nation is approved by Sebi.
1081. Common man view |   Link |Jan 8, 2018 10:16:46 AM
@experts.......can any one share trading method i n t group segments.............like circuit limits......etc......pls share in detail....
1081.1. Shivajee |   Link |Jan 8, 2018 10:23:58 AM (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
1080. Cool Sunshine |   Link |Jan 8, 2018 12:04:26 AM
I repeat ........

Do we believe that this stock will continue trading at this or higher valuations over extended period or not? If we don''''t believe then it is time to decide exit point otherwise exit will become very difficult unless we stay with this stock for long term.........

It seems you do believe that elevated valuations will continue to hold for this scrip in long term..........then keep holding and you may add more as well...it is your choice. Did I suggest anywhere "exit immediately"

My point of view is that it is time to decide our exit point, I didn''t say what should be one''s exit point or whether one should exit or not.

Understand that significantly higher percentage of retail applicant apply in IPO for listing gains only and generally do not intend to be in same stock for very long term.

I will leave it to individuals to decide for oneselves......if Astron Papers is really in the same category as Shankara and Apex Foods are not. IMO it is not.
1079. Baelish |   Link |Jan 7, 2018 11:18:12 PM
I am new in stock market and do not have much knowledge, but one thing I can tell because I am experienced enough in life. People who don''t get chance to sail on ship, does crib when they sail on boat.

Those who got chance to enter at earlier level or IPO allottees are enjoying this madness and those who waited long enough are now cribbing about it.

I am not here to pick a fight or debate senselessly, just want to say that this scrip has surpassed all the valuation and technical levels, and have move way beyond from such fundamentals things.

What can be the exit level? next entry level? should book profit or enter?


Disclosure : Holding 500 at price 114.95
1078. Cool Sunshine |   Link |Jan 7, 2018 11:06:30 PM
Does all so called multibagger stocks trade at UC and LC only?