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Astron Paper subscribed 10 times on Day 2

The IPO closes on Wednesday

BS Reporter 

Representative Image (Photo: Shutterstock)
Representative Image (Photo: Shutterstock)

The initial public offering (IPO) of has garnered more than 10 times subscription. The bulk of the demand so far has come from retail investors. The Gujarat-based company is raising Rs 70 crore through the IPO, which will be used for setting up a new facility and repayment of debt.

Astron Paper has the same promoters as Asian Granito India. The price band for the IPO is Rs 45-50 a share. The IPO closes on Wednesday.

First Published: Mon, December 18 2017. 23:52 IST