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

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 packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers.

Astron Paper has manufacturing facility in Halvad, Gujarat. 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. Equity shares of Asian Granito are listed at BSE and NSE since year 2007.

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.

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

Issue Detail:

  • Issue Open: Dec 15, 2017 – Dec 20, 2017
  • Issue Type: Book Built Issue IPO
  • Issue 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 Promoters:

 

Quick Links:
DRHP Draft Prospectus

Astron Paper IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: [email protected]
Website: http://www.linkintime.co.in
Astron Paper IPO Lead Managers:
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED

Company Address:
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
Email: [email protected]
Website: http://astronpaper.com/

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