Astron Paper and Board Mills' initial public offer (IPO) was over-subscribed 12.39 times on the third day of issue on Tuesday.
The portion reserved for qualified institutional buyers (QIBs) was over-subscribed 5.74 times and that of non- institutional investors 1.15 times. The segment set aside for retail investors was over-subscribed 33.57 times.
The issue, which would close on Wednesday, is in the price band of Rs 45-50.
Incorporated in 2010, Astron Paper and Board Mills' is engaged in manufacturing of kraft paper.