Astron Paper & Board Mill Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,330,000 (10%) | — | ₹67 Cr |
| NII (HNI) | — | 7,315,000 (52%) | — | ₹3,658 Cr |
| Retail | — | 4,655,000 (33%) | — | ₹2,328 Cr |
| Employee | — | 700,000 (5%) | — | ₹35 Cr |
| Σ Total | — | 14,000,000 (100%) | — | ₹70,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 280 | ₹14,000 |
| Retail (Max) | 13 | 3,640 | ₹182,000 |
| S-HNI (Min) | 14 | 3,920 | ₹196,000 |
| B-HNI (Min) | 67 | 18,760 | ₹938,000 |
Financial Statements Amount In Crore
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue | 185 | 158 | 152 |
| Profit After Tax | 10 | 6 | 4 |
| Total Assets | 173 | 158 | 137 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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.