Astron Paper IPO Review Astron Paper & Board Mill Ltd IPO looks more attractive and there is an offer which looks very much promising as well. Being an Ahmedabad based company we can expect a good growth for the company as BJP won the recent Assembly Elections. Astron Paper IPO price is Rs. 45-50 which is fair and the grey market premium looks more promising for the IPO as well. The GMP is around 70-80% of the IPO price which is a bumper one for investors. The IPO size is around 70 crore rupees which seem that the IPO will get higher oversubscription numbers.
Astron Paper IPO Review
As we know Salasar Techno which was around 36 crore and it was subscribed heavily and it gave a superb listing gain as well as long-term gain as well. Currently, it is trading around 300 rupees. We can expect the same bull run for the Astron Paper and the circuit will be there for next few days due to high demand.
Astron Paper has been working in Gujarat and they have the best market for their products. The other states we can consider are Madhya Pradesh and Rajasthan. Their overall sales of 65% come from this 3 states.
The company has good financial output in last few years. In 2017 the financial results show 185 crore of revenues and 70 crores of PAT which might almost 1.5 times in the coming year. In 2013 their PAT was -4 crore and then it came up sharply in 2015 to positive and then it reached 10 crores as well. The demand for the products increasing even e-commerce industry will give a more support to the company.
Astron Paper IPO Review: Subscribe for Astron Paper for Listing Gain
Astron Paper IPO Rating: 4.5 Star