|
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.
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 |
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.
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 Size | 14,000,000 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 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 |
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 |
Investors may consider investment for medium to long term. (Subscribe). Read detail review...
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)
Category | Subscription (times) |
---|---|
QIB | 103.35 |
NII | 396.99 |
Retail | 73.32 |
Employee | 2.69 |
Total | 241.75 |
Listing Date | Friday, December 29, 2017 |
BSE Script Code | 540824 |
NSE Symbol | ASTRON |
Listing In | |
ISIN | INE646X01014 |
IPO Price | ₹50 per share |
Face Value | ₹10 per share |
|
|
|
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: astron.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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.
Useful Articles
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|