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Astron Paper IPO is a book built issue of Rs 70.00 crores.
Astron Paper IPO bidding started from December 15, 2017 and ended on December 20, 2017. The allotment for Astron Paper IPO was finalized on Tuesday, December 26, 2017. The shares got listed on BSE, NSE on December 29, 2017.
Astron Paper IPO price band is set at ₹45 to ₹50 per share. The minimum lot size for an application is 280 Shares. The minimum amount of investment required by retail investors is ₹14,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Astron Paper IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Astron Paper IPO RHP for detailed information.
IPO Date | December 15, 2017 to December 20, 2017 |
Listing Date | December 29, 2017 |
Face Value | ₹10 per share |
Price Band | ₹45 to ₹50 per share |
Lot Size | 280 Shares |
Total Issue Size | 14,000,000 shares (aggregating up to ₹70.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 32,500,000 |
Share holding post issue | 46,500,000 |
Astron Paper IPO offers 14,000,000 shares. 1,330,000 (9.50%) to QIB, 7,315,000 (52.25%) to NII, 4,655,000 (33.25%) to RII, 700,000 (5.00%) to employees. 16,625 RIIs will receive minimum 280 shares and (sNII) and (bNII) will receive minimum 4,200 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 1,330,000 (9.50%) | NA |
NII (HNI) Shares Offered | 7,315,000 (52.25%) | |
Retail Shares Offered | 4,655,000 (33.25%) | 16,625 |
Employee Shares Offered | 700,000 (5.00%) | NA |
Total Shares Offered | 14,000,000 (100%) |
Astron Paper IPO opens on December 15, 2017, and closes on December 20, 2017.
IPO Open Date | Friday, December 15, 2017 |
IPO Close Date | Wednesday, December 20, 2017 |
Basis of Allotment | Tuesday, December 26, 2017 |
Initiation of Refunds | Wednesday, December 27, 2017 |
Credit of Shares to Demat | Thursday, December 28, 2017 |
Listing Date | Friday, December 29, 2017 |
Cut-off time for UPI mandate confirmation | 5 PM on December 20, 2017 |
Investors can bid for a minimum of 280 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 280 | ₹14,000 |
Retail (Max) | 14 | 3920 | ₹196,000 |
Lot Size Calculator |
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.
[Dilip Davda] Investors may consider investment for medium to long term. (Subscribe). Read detail review...
The Astron Paper IPO is subscribed 241.75 times on December 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 | December 29, 2017 |
BSE Script Code | 540824 |
NSE Symbol | ASTRON |
ISIN | INE646X01014 |
Final Issue Price | ₹50 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹50.00 |
₹114.00 |
₹113.10 |
₹119.70 |
₹119.70 |
NSE |
---|
₹50.00 |
₹115.00 |
₹112.50 |
₹120.75 |
₹120.75 |
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/initial_offer/public-issues.html
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 December 15, 2017, and closes on December 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 December 15, 2017 and closes on December 20, 2017.
Astron Paper IPO lot size is 280 Shares, and the minimum amount required is ₹14,000.
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 Tuesday, December 26, 2017, and the allotted shares will be credited to your demat account by Thursday, December 28, 2017. Check the Astron Paper IPO allotment status.
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