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Astron Paper IPO over-subscribed 12.39 times on third day

The issue, which would close on Wednesday, is in the price band of Rs 45-50.

Press Trust of India  |  New Delhi 

IPO

Paper and Board Mills' initial public offer (IPO) was over-subscribed 12.39 times on the third day of issue on Tuesday.

The IPO to raise 70 crore received bids for 17,34,31,720 against the total issue size of 1,40,00,000 shares, data available with the showed.

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 was over-subscribed 33.57 times.

The issue, which would close on Wednesday, is in the price band of 45-50.

is the to the offer.

The equity of the company are proposed to be listed on the and

Incorporated in 2010, Paper and Board Mills' is engaged in manufacturing of kraft paper.

The company has in

First Published: Tue, December 19 2017. 21:55 IST
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