Astron Paper & Board IPO

Astron Paper & Board IPO

Astron Paper & Board IPO

Business description from prospectus - Astron Paper and Board Mills Limited is engaged in manufacturing of kraft paper. The company mainly caters to packaging industry and has been able to develop a loyal clientele network consisting of various packaging companies and MNCs Currently it is operating in domestic markets with its products being supplied on pan India basis. The company is in the process of exploring export markets.

It is one of the major kraft paper manufacturers in Gujarat with manufacturing facility having an installed capacity of 96,000 mt tonnes p.a. The manufacturing facility is situated at Halvad, Gujarat and is well equipped with requisite plant and machineries and other facilities. Astron Paper and Board Mills also has in house testing laboratory for quality control checks and testing of products.

Promoters of Astron Paper and Board Mill - Mr Kirit G Patel, Mr Ramakant Patel, Mr Karshanbhai Patel and Asian Granito India Limited

Astron Paper and Board Mill IPO details
Subscription Dates15 - 20 December 2017
Price BandINR45 - 50 per share
Fresh issue14,000,000 shares (INR63 - 70 crore)
Offer For SaleNil
Total IPO size14,000,000 shares (INR63 - 70 crore)
Minimum bid (lot size)280 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Astron Paper and Board Mills’ financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017H1 FY2018
Total revenues26.7106.2152.1157.9184.6111.0
Total expenses28.8107.6146.2151.5176.1103.9
Profit after tax-4.1-3.04.16.110.09.5
Net margin (%)-15.4-2.82.73.95.48.6

Articles about Astron Paper and Board

Astron Paper and Board Contact Details

Astron Paper and Board Mill Limited 
D-702, Seventh Floor, Ganesh Meridian
Opposite High Court, S.G. Highway
Ahmedabad - 380060

Phone: +91 79 40081221
Fax: 
+91 79 4008 1220
Email:
[email protected]
Website: www.astronpaper.com

Registrar of Astron Paper and Board IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]
Website: http://www.linkintime.co.in

Valuation of Astron Paper and Board (Based on latest FY)

Earnings Per Share (EPS): INR3.06

Price/Earnings (P/E) ratio: 14.70 - 16.33

Return on Net Worth (RONW): 21.98%

Net Asset Value (NAV): INR13.94 per share

Astron Paper and Board IPO Subscription Details

CategoryShares offeredSubscription (no. of times)
Day 1Day 2Day 3
QIB
NII
Retail
Total

Astron Paper and Board IPO Allotment Status

Astron Paper and Board IPO allotment status will be available on Link Intime's website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Astron Paper and Board

IPO Opening Date: 15 December 2017

IPO Closing Date: 20 December 2017

Finalisation of Basis of Allotment: 26 December 2017

Initiation of refunds: 27 December 2017

Transfer of shares to demat accounts: 28 December 2017

Listing Date: 29 December 2017

Listing Price on NSE: To be updated

Closing Price on NSE: To be updated

16 COMMENTS

  1. At 50/- its PE will be 16.3 which is in line with competitors. But looking at the issue size of just 70 crore, allotment will be very difficult. People may jump to buy after listing and take the stock very high. It has happened earlier too so I’ll not be surprised…

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