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Astron Paper IPO over-subscribed 5.11 times on second day

The IPO to raise Rs 70 crore received bids for 7,15,88,440 shares against the total issue size of 1,40,00,000 shares

Press Trust of India  |  New Delhi 

Astron Paper IPO over-subscribed 5.11 times on second day

and Board Mills' initial public offer (IPO) was over-subscribed 5.11 times on the second day of bidding on Monday, stock exchanges data showed.

The to raise Rs 70 crore received bids for 7,15,88,440 shares against the total issue size of 1,40,00,000 shares, data available with the showed.

The portion set aside for (QIBs) was over-subscribed 1.80 times, non-institutional investors 45 per cent and retail investors 14.08 times, merchant banking sources said.

The issue, which would close on December 20, is in the price band of Rs 45-50.

Pantomath Capital Advisors Private Limited is the book running lead manager to the offer.

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

First Published: Mon, December 18 2017. 23:13 IST
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