Bookbuilding IPO | ₹70 Cr | Listed at BSE, NSE | Fri, Dec 15, 2017 - Wed, Dec 20, 2017
Astron Paper IPO is a book build issue of ₹69.83 crores. The issue is entirely a fresh issue of 1.40 crore shares of ₹69.83 crore.
Astron Paper IPO bidding started from Dec 15, 2017 and ended on Dec 20, 2017. The allotment for Astron Paper IPO was finalized on Dec 26, 2017. The shares got listed on BSE, NSE on Dec 29, 2017.
Astron Paper IPO price band is set at ₹50 per share. The lot size for an application is 280. The minimum amount of investment required by an retail is ₹14,000 (280 shares) (based on upper price). The lot size investment for sNII is 15 lots (4,200 shares), amounting to ₹2,10,000, and for bNII, it is 72 lots (20,160 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 7,00,000 shares for employees offered at a discount of ₹2.50 to the issue price.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Astron Paper IPO RHP for detailed Information.
IPO Open
Fri, Dec 15, 2017
IPO Close
Wed, Dec 20, 2017
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹232.50 Cr
| IPO Date | 15 to 20 Dec, 2017 |
| Listed on | Fri, Dec 29, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹45 to ₹50 |
| Issue Price | ₹50 per share |
| Lot Size | 280 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹2.50 |
| Total Issue Size | 1,40,00,000 shares (agg. up to ₹70 Cr) |
| Fresh Issue | 1,40,00,000 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 3,25,00,000 shares |
| Share Holding Post Issue | 4,65,00,000 shares |
| BSE Script Code / NSE Symbol | 540824 / ASTRON |
| ISIN | INE646X01014 |
Astron Paper IPO comprises a total issue size of 1,40,00,000 shares. The net offer to the public is 1,33,00,000 shares, after excluding 7,00,000 shares under a preferential allotment. Of the Net offer 13,30,000 (10.00%) are allocated to QIB, 73,15,000 (55.00%) allocated to NII 46,55,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 13,30,000 | 10.00% | 9.50% | NA |
| NII (HNI) Shares Offered | 73,15,000 | 55.00% | 52.25% | NA |
| Retail Shares Offered | 46,55,000 | 35.00% | 33.25% | 16,625 |
| Preferential Reservations | ||||
| Employee Shares Offered | 7,00,000 | 5.00% | NA | |
| Total Shares Offered | 1,40,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 280 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 280 | ₹14,000 |
| Retail (Max) | 14 | 3,920 | ₹1,96,000 |
| S-HNI (Min) | 15 | 4,200 | ₹2,10,000 |
| S-HNI (Max) | 71 | 19,880 | ₹9,94,000 |
| B-HNI (Min) | 72 | 20,160 | ₹10,08,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
The Astron Paper IPO is subscribed 241.75 times on December 20, 2017 5:00:00 PM (Day 4). The public issue subscribed 73.32 times in the retail category, 103.35 times in the QIB category, and 396.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 103.35 | 13,30,000 | |
| NII | 396.99 | 73,15,000 | |
| Retail | 73.32 | 46,55,000 | |
| Employee | 2.69 | 7,00,000 | |
| Total | 241.75 | 1,40,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 4.61 |
| 2 | Advertising and marketing expenses | 0.90 |
| 3 | Fees payable to the Registrar to the Issue | 0.83 |
| 4 | Brokerage and selling commission payable to Syndicate | 1.24 |
| 5 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 6 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 1.24 |
| 7 | Listing Fees, SEBI Filing, book building software fees and other regulatory fees | 0.84 |
| 8 | Printing and Stationery | 0.44 |
| 9 | Fees Payable to Legal Counsel | 0.26 |
| 10 | Miscellaneous expenses | 0.85 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹50.00 | ₹50.00 |
| Open | ₹114.00 | ₹115.00 |
| Low | ₹113.10 | ₹112.50 |
| High | ₹119.70 | ₹120.75 |
| Last Trade | ₹119.70 | ₹120.75 |
Lead Manager Reports
Astron Paper IPO is a main-board IPO of 1,40,00,000 equity shares of the face value of ₹10 aggregating up to ₹70 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 280.
The IPO opens on Fri, Dec 15, 2017, and closes on Wed, Dec 20, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Astron Paper IPO using UPI as a payment gateway. Zerodha customers can apply in Astron Paper IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Astron Paper IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Astron Paper IPO opens on Fri, Dec 15, 2017 and closes on Wed, Dec 20, 2017.
Astron Paper IPO lot size is 280, and the minimum amount required for application is ₹14,000.
You can apply in Astron Paper IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Astron Paper IPO will be done on Tuesday, December 26, 2017, and the allotted shares will be credited to your demat account by Thu, Dec 28, 2017. Check the Astron Paper IPO allotment status.
The Astron Paper IPO listing date is on Fri, Dec 29, 2017.
