Astron Paper & Board Mill IPO GMP, Price, Date, Allotment

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.

December 15-20

₹45 to ₹50 per share

₹10 per share

₹30.50

The Astron Paper Limited IPO GMP is ₹30.50.

Astron Paper IPO is a Rs 70.00 crore book-built issuance. Bidding for the Astron Paper IPO began on December 15, 2017 and finished on December 20, 2017. The Astron Paper IPO allotment was completed on Tuesday, December 26, 2017. On December 29, 2017, the shares were listed on the BSE and NSE. The Astron Paper IPO pricing range is established at 45 to 50 cents per share. 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 Paper is certified to ISO 9001-2008, ISO 14001, UKAS Management systems, and FSC.

IPO DateDecember 15, 2017 to December 20, 2017
Listing DateDecember 29, 2017
Face Value₹10 per share
Price Band₹45 to ₹50 per share
Lot Size280 Shares
Total Issue Size14,000,000 shares
(aggregating up to ₹70.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
ParticularsFor the year/period ended (in Rs. million)
31-Mar-1731-Mar-1631-Mar-15
Total Assets1727.511584.461372.42
Total Revenue1845.891578.531521.37
Profit After Tax99.5960.8541.29
IPO Open DateFriday, December 15, 2017
IPO Close DateWednesday, December 20, 2017
Basis of AllotmentTuesday, December 26, 2017
Initiation of RefundsWednesday, December 27, 2017
Credit of Shares to DematThursday, December 28, 2017
Listing DateFriday, December 29, 2017
Cut-off time for UPI mandate confirmation5 PM on December 20, 2017
Astron paper Mill

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 Paper manufactures its products in Halvad, Gujarat. Waste paper is used as a raw material by the company.

Registrar Info

NameLink Intime India Private Ltd
Phone number+91-22-4918 6270
Email IDastron.ipo@linkintime.co.in
Websitelinkintime.co.in

Contact Details

NameAstron Paper & Board Mill Ltd
Phone number+91 79 40081221
Email IDinfo@astronpaper.com
Websiteastronpaper.com
  • Experienced promoters and a competent management team.
  • Well-established relationships with a loyal customer base.
  • Access to markets worldwide, enabling global reach.
  • 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.

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