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) | |||||
---|---|---|---|---|---|---|
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 Opening Date | Dec 15, 2017 |
IPO Closing Date | Dec 20, 2017 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹45 to ₹50 per equity share |
Market Lot | 280 Shares |
Min Order Quantity | 280 Shares |
Listing At | BSE, NSE |
Issue Size | 14,000,000 Eq Shares of ₹10 (aggregating up to ₹70.00 Cr) |
The Astron Paper IPO open date is Dec 15, 2017, and the close date is Dec 20, 2017. The issue may list on Dec 29, 2017.
IPO Open Date | Dec 15, 2017 |
IPO Close Date | Dec 20, 2017 |
Basis of Allotment Date | Dec 26, 2017 |
Initiation of Refunds | Dec 27, 2017 |
Credit of Shares to Demat Account | Dec 28, 2017 |
IPO Listing Date | Dec 29, 2017 |
The Astron Paper IPO market 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 (Cut-off) |
---|---|---|---|
Minimum | 1 | 280 | ₹14,000 |
Maximum | 14 | 3920 | ₹196,000 |
The Astron Paper IPO is subscribed 241.75x times on Dec 20, 2017 17:00. The public issue subscribed 73.32x in the retail category, 103.35x in the QIB category, and 396.99x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 103.35x |
NII | 396.99x |
RII | 73.32x |
Employee | 2.69x |
Total | 241.75x |
Listing Date | Friday, December 29, 2017 |
BSE Script Code | 540824 |
NSE Symbol | ASTRON |
Listing In | |
ISIN | INE646X01014 |
IPO Price | ₹50 per equity share |
Face Value | ₹10 per equity share |
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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
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: astron.ipo@linkintime.co.in
Website: http://www.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 equity 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 280 Shares.
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, Edelweiss, 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.
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