Business Standard

Astron Paper & Board Mill Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

69.83 cr

Price Range (₹)

50

Lot Size

280

Min Investment (₹)

14,000.00

Listing Exchange

MumbaiNSE

Open Date

15-Dec-2017

Close Date

20-Dec-2017

Listing Date

29-Dec-2017

Astron Paper & Board Mill Ltd News

    The Shares of Astron Paper & Board Mill Ltd have now been listed.

    Astron Paper & Board Mill Ltd IPO Details

    Initial public offering of 1,40,00,000* equity shares of face value of Rs.10 each (the equity shares) of Astron Paper & Board Mill Limited (the company or the issuer) for cash at a price of Rs.50* per equity share (including share premium of Rs.40 per equity share) (the issue price), aggregating to Rs.69.83 Crores** (the issue). The issue comprises a net issue to the public of 1,33,00,000* equity shares (the net issue) and reservation of 7,00,000* equity shares aggregating to Rs. 3.33 Crores for subscription by eligible employees (as defined herein) not exceeding 5% of the post-issue paid-up equity shares capital (the employee reservation portion). The issue would constitute 30.11 % of the post-issue paid-up equity share capital and the net issue to the public would constitue 28.60% of the post-issue paid-up equity share capital. The company, in consultation with the book running lead manager (brlm), offered a discount of Rs. 2.5 per equity share (equivalent to 5%) on the issue price to eligible employees (employee discount). The face value of the equity shares is Rs. 10 each.*subject to finalisation of basis of allotment**subject to finalization of basis of allotment and adjusted for employee discount of Rs.2.5 per equity share.The face value of the equity shares is Rs.10 each. The issue price is Rs.50 per equity share and is 5.0 times of the face value.

    Objective of issue

    Setting up of additional facility for manufacturing of Kraft Paper with lower GSM ranging from 80 to 180 GSM and lower B.F. ranging from 12 B.F to 20 B.F. Part repayment of unsecured loan availed by the company. Funding the working capital requirements of the company. General corporate purposes.

    Astron Paper & Board Mill Ltd Contact Details

    Astron Paper & Board Mill Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - cs@astronpaper.com

    Website - www.astronpaper.com