Astron Paper & Board Mills Limited IPO

Astron Paper & Board Mills Limited Profile

Astron Paper & Board Mills Limited Subscription details , Allotment Status, Listing Date and Grey Market Premium (GMP)Astron Paper & Board Mills Limited has been founded in December 2010. The company is having its corporate office in Ahmedabad and our manufacturing unit is strategically located in terms of access to key raw materials. Its existing manufacturing facility is in Halvad, Morbi which can be approx. 200Kms far from Mundra Port and facilitates easy import/export. The Company is having an annual installed capacity of 96000 MT. and currently, work on the installation of a new machine to expand the capacity is going on. Their material is supplied to all over India from North to South and East to West. They also aim to be a global player and now focused on increasing our customer base to the Middle East, Iran, Sri Lanka, Bangladesh, Some of the African Countries and South-East Asia.

Astron Paper & Board Mills Limited Company Ltd Key Strengths

  • Company have focused on Raw Material Procurement to procure good quality of material on a consistent basis without any interruption.
  • Company have visited certain Waste Paper Supplying plants in USA and Europe, which will fulfill our raw material requirement.
  • They have also bought innovation in our manufacturing process to minimize the conversion cost and be cost effective.
  • They have engaged the best personnel in our manufacturing process who are having vast experience in the field.
  • They are committed to promoting our business globally by developing new product line to meet exciting and future demand.
Astron Paper & Board Mills Limited Company Ltd Promoters:

The Promoters of the Company are Mr. Kirit G Patel, Mr. Ramakant Patel, Mr. Karshanbhai Patel and Asian Granito India Limited.

Astron Paper & Board Mills Limited IPO details


Symbol: ASTRON

Issue Size: Initial Public offer of Up to 1,40,00,000 Equity Shares

Face Value:  Rs 10

Price Range: Rs 45 to Rs 50

Issue Type: 100% Book Building

Bid Lot: 280 Equity Shares and in multiples thereof

Minimum Order Quantity: 280 Equity Shares

Issue Period: 15-Dec-2017 to 20-Dec-2017

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Name of The Registrar: Link Intime India Private Limited

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

Astron Paper & Board Mills Limited Company Ltd Financials:

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 & Board Mills Limited IPO Subscription Details

Category Shares offered Subscription (no. of times)
Day1 Day 2 Day 3
QIB  1,330,000  1.50  1.80  5.74
NII  7,315,000  0.09  0.44  1.15
Retail  4,655,000  2.23  14.07  33.57
Employees  700,000  0.06  0.57  1.59
Total  14,000,000  0.94  5.11  12.39

 

Astron Paper & Board Mills Limited Company Ltd Allotment Status:

Astron Paper & Board Mills Limited IPO Allotment Date: 26 December 2017

Astron Paper & Board Mills Limited IPO Listing Date: 29 December 2017

You can check your allotment status using your PAN number.

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