Astron Paper & Board Mill Ltd IPO History ,Dates, Price Band, Market Lot Details

Astron Paper & Board Mill Ltd IPO
Astron Paper & Board Mill Ltd IPO

Astron Paper & Board Mill Ltd IPO 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 the packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers.
Astron Paper has a manufacturing facility in Halvad, Gujarat. The 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.

Company Promoters:

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.

Company Financials:

Summary of Financial Information (Restated)
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

Objects of the Issue:

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.

Issue Detail:

»»  Issue Open: Dec 15, 2017 – Dec 20, 2017
»»  Type: Book Built Issue IPO
»»  Size: 14,000,000 Equity Shares of Rs 10 aggregating up to Rs 70.00 Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 45 – Rs 50 Per Equity Share
»»  Market Lot: 280 Shares
»»  Minimum Order Quantity: 280 Shares
»»  Listing At: BSE, NSE

Company Contact Information

Astron Paper & Board Mill Ltd
Ganesh Meridian, D-702,7th Floor,
Opposite High Court, S-G Highway,
Ahmedabad 380060
Phone: +91 79 40081221
Fax: +91 79 40081220

Astron Paper IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969

Astron Paper IPO Lead Managers:

Quick Links:

DRHP Draft Prospectus
Astron Paper IPO Dates & Price Band: (Approx)

  • IPO Open: November-2017
  •  Close: November-2017
  • Size: Approx Rs.  Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs.  to  Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 1,40,00,000 Shares

Astron Paper & Board Mill Ltd IPO Check Allotment Here:
Click Here Server No.-1
Click Here Server No.-2


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