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Open
15 Dec 2017
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Close
20 Dec 2017
3
Allotment
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Listing
Fri, Dec 29, 2017
Price Band
₹45 to ₹50
Issue Size
1,40,00,000 shares (agg. up to ₹70 Cr)
Lot Size
280 Shares
Listing Date
Fri, Dec 29, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 240.58x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 182.30 | 172.75 | 158.45 | 137.24 |
| Total Income | 110.96 | 184.59 | 157.85 | 152.14 |
| Profit After Tax | 9.46 | 9.96 | 6.09 | 4.13 |
| NET Worth | 54.03 | 45.32 | 35.36 | 29.28 |
| Reserves and Surplus | 21.53 | 12.82 | 2.86 | -3.23 |
| Total Borrowing | 86.16 | 81.18 | 70.34 | 65.19 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shrenik Ltd. | SME | ₹21.60 Cr | ₹40 | null | ₹48.00 | +20.00% | ₹0.45 (-4.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 | 23.02 |
| 2 | Part Repayment of unsecured loan availed by our Company | 8.10 |
| 3 | Funding the working capital requirements of the Company | 23.90 |
| 4 | General corporate purposes | 3.59 |
About Astron Paper IPO
Incorporated in 2010, Astron Paper & Board Mill Ltd is Ahmadabad based manufacturer of Kraft paper, also known as paperboard or cardboard. The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers. Astron Paper has manufacturing facility in Halvad, Gujarat. Company uses waste paper as raw material.The Company is having Triple Wire Machine with a daily capacity of 350 MT along with daily pulp mill capacity of 400 MT. Astron Paper is ISO 9001-2008, ISO 14001, UKAS Management systems and FSC certified.+ Read More
Contact Details
Astron Paper & Board Mill Ltd. AddressGanesh Meridian, D-702, 7th FloorOpposite High Court, S-G HighwayAhmedabad, Gujarat, 380060+91 79 40081221info@astronpaper.comVisit Website