The Astron Paper IPO date has been confirmed from December 15, 2017 and ended on December 20, 2017. Read the post to learn about Astron Paper & Board Mill IPO GMP.
Using an IPO, Astron Paper is seeking to raise Rs 70.00 crores. Its 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.
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Key Details Of Astron Paper & Board Mill IPO :
Bidding Dates
December 15-20
Price Range
₹45 to ₹50 per share
Face Value
₹10 per share
GMP
₹30.50
Astron Paper IPO GMP
The Astron Paper Limited IPO GMP Today is ₹30.50.
Astron Paper & Board Mill IPO Overview
Astron Paper IPO is a Rs 70.00 crore book-built issuance. Bidding for the Astron IPO began on December 15, 2017 and finished on December 20, 2017. The Astron IPO allotment was completed on Tuesday, December 26, 2017. On December 29, 2017, the shares were listed on the BSE and NSE. The Astron IPO pricing range is established at 45 to 50 cents per share. The Astron Limited IPO GMP Today is ₹30.50. An application requires a minimum lot size of 280 Shares. Retail investors must make a minimum commitment of $14,000.
The company owns a Triple Wire Machine with a daily capacity of 350 MT and a pulp mill with a daily capacity of 400 MT. Astron is certified to ISO 9001-2008, ISO 14001, UKAS Management systems, and FSC.
Astron Paper IPO Details
| 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 |
Astron Paper Company 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 IPO Timeline
| 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 |
Company Profile
Astron Paper & Board Mill Ltd, founded in 2010, is an Ahmadabad-based maker of Kraft paper, often known as paperboard or cardboard. The company’s paper is primarily utilised in the packaging business to make corrugated boxes and liners, corrugated sacks, and composite containers. Astron manufactures its products in Halvad, Gujarat. Waste paper is used as a raw material by the company.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Astron Paper & Board Mill Ltd |
| Phone number | +91 79 40081221 |
| Email ID | [email protected] |
| Website | astronpaper.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Astron Paper IPO FAQs
When Astron Paper IPO will open?
The Astron Paper IPO opens on December 15, 2017 and closes on December 20, 2017.
What is the lot size of Astron Paper IPO?
Astron Paper IPO lot size is 280 Shares, and the minimum amount required is ₹14,000.
When is Astron Paper IPO listing date?
The Astron Paper IPO listing date is on December 29, 2017.
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