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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 ₹50.00 per share . The lot size for an application is 280. The minimum amount of investment required by an retail is ₹12,600 (280 shares). 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 Date | December 15, 2017 to December 20, 2017 |
| Listing Date | December 29, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹45 to ₹50 per share |
| Issue Price Final | ₹50 per share |
| Lot Size | 280 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,40,00,000 shares (aggregating up to ₹69.83 Cr) |
| Employee Discount | ₹2.50 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,25,00,000 shares |
| Share Holding Post Issue | 4,65,00,000 shares |
Astron Paper IPO offers total 1,40,00,000 shares. Out of which 13,30,000 (9.50%) allocated to QIB, 73,15,000 (52.25%) allocated to NII, 46,55,000 (33.25%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 13,30,000 (9.50%) | NA |
| NII (HNI) Shares Offered | 73,15,000 (52.25%) | NA |
| Retail Shares Offered | 46,55,000 (33.25%) | 16,625 |
| Employee Shares Offered | 7,00,000 (5.00%) | NA |
| Total Shares Offered | 1,40,00,000 (100.00%) |
| 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 |
Astron Paper IPO opens on December 15, 2017, and closes on December 20, 2017.
| IPO Open Date | Fri, Dec 15, 2017 |
| IPO Close Date | Wed, Dec 20, 2017 |
| Tentative Allotment | Tue, Dec 26, 2017 |
| Initiation of Refunds | Wed, Dec 27, 2017 |
| Credit of Shares to Demat | Thu, Dec 28, 2017 |
| Tentative Listing Date | Fri, Dec 29, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 20, 2017 |
Investors can bid for a minimum of 280 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||||
| Total Assets | 1727.51 | 1584.46 | 1372.42 | |||
| Total Revenue | 1845.89 | 1578.53 | 1521.37 | |||
| Profit After Tax | 99.59 | 60.85 | 41.29 | |||
The Company Astron Paper IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
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| Listing Date | December 29, 2017 |
| BSE Script Code | 540824 |
| NSE Symbol | ASTRON |
| ISIN | INE646X01014 |
| Final Issue Price | ₹50 per share |
Astron Paper & Board Mill Ltd.
Ganesh Meridian, D-702,7th Floor,
Opposite High Court, S-G Highway,
Ahmedabad 380060
Ahmedabad, Gujarat
Phone: +91 79 40081221
Email: info@astronpaper.com
Website: http://astronpaper.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: astron.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Astron Paper IPO is a main-board IPO of 1,40,00,000 equity shares of the face value of ₹10 aggregating up to ₹69.83 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 280.
The IPO opens on December 15, 2017, and closes on December 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 December 15, 2017 and closes on December 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 Thursday, December 28, 2017. Check the Astron Paper IPO allotment status.
The Astron Paper IPO listing date is on Friday, December 29, 2017.
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