Wednesday, October 25, 2017

Astron Paper IPO Dates, Price Band, Market Lot Details

 Wednesday, October 25, 2017  
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Astron Paper & Board Mill is Ahmedabad based company incorporated in 2010. The company has good growing financial results. Astron Paper & Board Mill is manufacturer of Kraft Paper. The paper is mainly used in packaging industry. The company has manufacturing facilities in Halvad, Gujarat. The Astron Paper ipo seems good and priced well. The subscription will be on a higher side as the ipo is very small but the listing gain will be good to see. The lucky investors will get the allotment.
Astron Paper IPO Review:
  • Apply for Listing Gain
Astron Paper IPO Dates & Price Band: (Approx)
  • IPO Open: 15-December-2017
  • IPO Close: 20-December-2017
  • IPO Size: Approx Rs. 70-80 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 45 to 50 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 1,40,00,000 Shares
Astron Paper IPO Market Lot:
  • Shares: Apply for 280 Shares (Minimum Lot Size)
  • Amount: Rs.14000
Astron Paper IPO Allotment & Listing:
  • Basis of Allotment: 26-December-2017
  • Refunds: 27-December-2017
  • Credit to demat accounts: 27-December-2017
  • Listing: 29-December-2017
Astron Paper Financial:
The company has good PAT of 10 crore in 2017 which is around 63% higher than 2016. Revenues seems good and increasing as well. The revenues in 2017 increased 17% to 185 crore compared to 2016 from 158 crore.

      Financial Results (Rs. in Crore)

2017 2016 2015 2014 2013
Revenue 184.6 157.9 152.1 106.2 26.7
Expense 176.1 146.2 146.2 107.6 28.8
PAT 10.0 6.1 4.1 (3.0) (4.1)

Company Promoters:
  • Mr. Kirti G. Patel
  • Mr. Ramakant Patel
  • Karshanbhai Patel
  • Asian Granito India Ltd
Quick Links:
DRHP Draft Prospectus

Astron Paper IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: [email protected]

Astron Paper IPO Lead Managers:
Company Address:
Astron Paper & Board Mill Ltd
Ganesh Meridian, D-702,7th Floor,
Opposite High Court, S-G Highway,
Ahmedabad 380060
Phone: +91 79 40081221
Fax: +91 79 40081220
Email: [email protected]

1 comment:

  1. You often use the word 'refund' wrt ipo.
    Money is blocked with lien and kept at bank itself.
    Only in the case of allotment value is DEBITED and lien is lifted.