Astron Paper & Board Mill Ltd will bring its IPO (Astron Paper IPO) in upcoming days on both of the Exchanges i.e. BSE and NSE. An interested investor can go through all specific details of the IPO as Price Band and Dates, Company Profile, Allotment Status, Listing Dates etc. Astron Paper IPO is scheduled for Dec 15, 2017 – Dec 20, 2017 with a price band of Rs. 45 – Rs. 50. The lot size of applying the IPO is for 280 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investors stood at Rs. 2 lacs.
Public offering of the firm is registered for 1,40,00,000 Equity Shares of face value Rs. 10 each.The company plans to raise aggregating up to Rs 70.00 Cr crore through its IPO offering.
Astron Paper & Board Mill Ltd is engaged in manufacturing of kraft paper. The Company offers varied products like High RCT, Kraft Liner, Liner to Corrugated Medium Paper, ranging mainly from 140 GSM to 350 GSM and 22-35 BF. The products have been certified as meeting relevant FSC Standards since 2014 by SGS South Africa (Pty) Ltd.
Ø Revenue Growth: Company revenue has shown growth from Rs. 1,061.98 million in FY 2013-14 to Rs. 1,845.89 million in FY 2016-17, representing a CAGR of 14.82%
Ø Experienced management and dedicated employee base: Chairman and Managing Director Mr. Kirit G. Patel and Mr. Ramakant Patel has around two decades experience in paper packaging industry and has been instrumental in formulating growth strategy for our Company.
Ø Quality Certification: The company manufacturing and dispatch process has been assessed and certified as meeting the requirements of ISO 9001: 2015, ISO 14001: 2015 by an international organisation viz. SGS United Kingdom Ltd. The products have been certified as meeting relevant FSC Standards since 2014 by SGS South Africa (Pty) Ltd..
Clientele: The Company has serviced various MNC’s Client and has received repeat orders from them
Objects Of The Issue:-
Astron Paper intends to utilize the net proceeds from this public issue towards the following objects:
- Setting up of additional facility for manufacturing of lower GSM and lower B.F Kraft Paper,
- Part repayment of unsecured loan,
- Funding the working capital requirements and
- General corporate purposes.
Summary Of Issue:
|Issue Open:-||December 15, 2017 – December 20, 2017|
|Issue Type||Book Built Issue IPO|
|Issue Size (Shares)||14,000,000 Equity Shares of Rs 10 aggregating up to Rs 70.00 Cr|
|Issue Size in (Value)||Upto Rs. 70 Cr|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 45 – 50 Per Equity Shares|
|Market lots||280 Shares|
|Minimum Order Quantity||280 Shares|
|Listing At||BSE, NSE|
Important dates for Astron Paper & Board Mill IPO Allotment Status
- The Allotment date for Astron Paper & Board Mill IPO issue is expected to be Dec 26,2017
- The amount will get unblocked on Dec 27,2017
- The Shares are expected to credited in DP accounts on Dec 27,2017
- The Shares of Astron Paper & Board Mill are likely to be listed Dec 28,2017 on both BSE and NSE.
Astron Paper & Board Mill IPO Allotment Status
Astron Paper & Board Mill Ltd IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
one can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as Astron Paper & Board Mill IPO
- Enter you PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Download “Astron Paper & Board Mill Limited” IPO Application Form
From BSE: click here
From NSE: click here
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Promoters Of the Company:-
- Mr. Kirti G. Patel
- Mr. Ramakant Patel
- Mr. Karshanbhai Patel
- Asian Granito India Ltd is the corporate promoter
Book Running Lead Managers Details:-
Registrar To The Issue:-
Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Registered Office Details:-
Astron Paper & Board Mill Ltd
Ganesh Meridian, D-702,7th Floor,
Opposite High Court, S-G Highway,
Phone: +91 79 40081221
Fax: +91 79 40081220
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