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 Dates 15 - 20 December 2017
Price Band INR45 - 50 per share
Fresh issue 14,000,000 shares (INR63 - 70 crore)
Offer For Sale Nil
Total IPO size 14,000,000 shares (INR63 - 70 crore)
Minimum bid (lot size) 280 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Astron Paper and Board Mills’ financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenues 26.7 106.2 152.1 157.9 184.6 111.0
Total expenses 28.8 107.6 146.2 151.5 176.1 103.9
Profit after tax -4.1 -3.0 4.1 6.1 10.0 9.5
Net margin (%) -15.4 -2.8 2.7 3.9 5.4 8.6

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:
cs@astronpaper.com
Website: www.astronpaper.com

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: astron.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3 Day 4
QIB 1,330,000 1.50 1.80 5.74 103.35
NII 7,315,000 0.09 0.44 1.15 396.98
Retail 4,655,000 2.23 14.07 33.57 74.24
Employees 700,000 0.06 0.57 1.59 2.69
Total 14,000,000 0.94 5.11 12.39 242.07

 

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

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: INR115 per share (up 130% from IPO price)

Closing Price on NSE: INR120.75 per share (up 141.5% from IPO price)

Astron Paper & Board IPO
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108 thoughts on “Astron Paper & Board IPO

  • December 29, 2017 at 1:59 AM
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    Price should be below 40

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  • December 29, 2017 at 1:58 AM
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    Highly priced compared tp peers

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  • December 28, 2017 at 5:22 PM
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    I am Expecting 10% Listing gain

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  • December 28, 2017 at 5:19 PM
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    Dont sell. Hold hold

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  • December 28, 2017 at 5:17 PM
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    I got allotment. At what price I can sell? 55?

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    • December 28, 2017 at 5:20 PM
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      Can I get yours at 40?

      Reply
      • December 28, 2017 at 11:16 PM
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        bhai 55 pr mujhe de de

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  • December 28, 2017 at 5:14 PM
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    Can I sell at 55?

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  • December 28, 2017 at 5:11 PM
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    Peer South India Paper mills available at lower PE so. take care while holding

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  • December 28, 2017 at 5:07 PM
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    I got 2 lots. at what price should I sell?

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    • December 28, 2017 at 5:12 PM
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      60 will be good price I feel so.

      Reply
  • December 28, 2017 at 9:46 AM
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    got it at grey market at +10% premium.

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    • December 28, 2017 at 4:48 PM
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      IT MAY OPEN AT 70 RS AND COME DOWN TO 60 RUPEES. SO IF U FIND 70 SELL IT. I DONT KNOW HOW SOME GUYS ARE TELLING 150.

      Reply
      • December 28, 2017 at 5:05 PM
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        I completely agree with you. Its P/E is higher compared to peers. It will go down for sure

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    • December 28, 2017 at 5:03 PM
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      Its over priced. Peers available at better price

      Reply
  • December 27, 2017 at 11:17 PM
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    yeah thats why i am also worried :(. will sell half of the alloted shares

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  • December 27, 2017 at 11:13 PM
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    HIGH DEPT TO EQUITY RATIO SO I FEEL RISKY

    Reply
    • December 27, 2017 at 11:18 PM
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      yeah thats why i am also worried :(. will sell half of the alloted shares

      Reply
  • December 27, 2017 at 8:45 PM
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    Unfortunately not got ….

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  • December 27, 2017 at 7:28 PM
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    On which site allotment is available, Plz let me know..

    Reply
  • December 27, 2017 at 6:40 PM
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    I applied for 3980 shares but not got allotment for single share, I dont know what is the logic to allot the shares.

    Reply
    • December 27, 2017 at 6:46 PM
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      itna kyu lga diya tha…not possible 280 ka lot size hai 3980 share bapu se lega…

      Reply
      • December 27, 2017 at 7:48 PM
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        Abey Bheem:- 3920 lagaye they 14 lot 280 wale iss tarah hue 3920 share lolu.

        Reply
  • December 27, 2017 at 6:37 PM
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    i got 5 out of 6…. in accounts

    Reply
    • December 27, 2017 at 11:18 PM
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      Can you tell me is it pure luck or u follow some method …DAT u got 5 ou t of 6 ???

      Reply
  • December 27, 2017 at 6:16 PM
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    No allotment for me :(, Amount refunded…

    Reply
    • December 27, 2017 at 6:27 PM
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      I also got a message from PNB of lein removal since no allotment.

      Reply
  • December 27, 2017 at 6:13 PM
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    I just got a message from SBI of lein removal. No allotment in this but haven’t got any update from HDFC and Axis

    Reply
  • December 27, 2017 at 6:10 PM
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    no allotment today….final news just confirmed from head office.

    Reply
  • December 27, 2017 at 5:06 PM
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    Still not out….can anyone please tell the date,

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    • December 27, 2017 at 5:38 PM
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      Just now out, please check

      Reply
      • December 27, 2017 at 5:50 PM
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        ALLOTMENT ON 01/JAN/2018 AS PER SOURCES….

        Reply
      • December 27, 2017 at 5:53 PM
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        Pl possible do forward the link of allotment

        Reply
      • December 27, 2017 at 6:26 PM
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        I got a message from PNB of lein removal. so not allotted.

        Reply
    • December 27, 2017 at 5:39 PM
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      it is not showing the allotment status but allotment is already done..
      i got the message of deduction of amount from my bank..

      Reply
  • December 27, 2017 at 3:42 PM
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    looks like over valued

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  • December 27, 2017 at 3:33 PM
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    Better to sell on listing day. Not much hope

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  • December 27, 2017 at 3:27 PM
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    link time registrar late time hona chahiye

    Reply
  • December 27, 2017 at 3:01 PM
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    can I get at 40 rupees?

    Reply
    • December 27, 2017 at 3:32 PM
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      Very less chances, probably Zero chances. This IPO will have higher circuit for 10-12 days. The price of single share gonna be 150 around in 2-3 weeks. After that it can be available for trading. so everyone gonna be hold this share for long time for higher profits.

      Reply
      • December 27, 2017 at 3:35 PM
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        Hahaha.. Its running at High EPS.
        NDTV pro dont dream toomuch

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      • December 27, 2017 at 3:37 PM
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        Dear NDTV Pro,

        Dont dream toomuch. Its already at high EPS compared to peers. so expect maximum gain from listing then it will go down. even 40 is also possible

        Reply
  • December 27, 2017 at 3:00 PM
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    high EPS compared to peers

    Reply
  • December 27, 2017 at 2:59 PM
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    Better to sell on listing day.

    Reply
  • December 27, 2017 at 2:03 PM
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    Allotment is Out 🙂
    Got one lot out of 2.

    Reply
    • December 27, 2017 at 2:23 PM
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      I cant find even now.Which site it is available now

      Reply
    • December 27, 2017 at 2:23 PM
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      Where to check the allotment status?

      Reply
        • December 27, 2017 at 2:58 PM
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          Yes.Truly its fake info.What pleasure does he get by bluffing..If u do that his allotment chances will nosedive.

          Reply
          • December 27, 2017 at 5:05 PM
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            agreed

    • December 27, 2017 at 2:51 PM
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      your name it self Fake Master. It is fake news

      Reply
    • December 27, 2017 at 3:51 PM
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      witch site you claque

      Reply
  • December 27, 2017 at 12:41 PM
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    how to ipo allotement state here

    Reply
  • December 27, 2017 at 12:30 PM
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    Might go down after listing

    Reply
  • December 27, 2017 at 10:55 AM
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    not showing in allotment list how can see allotment status

    Reply
  • December 27, 2017 at 10:49 AM
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    allotment may not happen today…as per sources

    Reply
  • December 27, 2017 at 9:52 AM
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    I m.not able to see the allotment at link time services pls any one who applied n got alloted say how to check

    Reply
  • December 26, 2017 at 9:29 PM
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    M@MIt , bhai why r u lying ? IPO status not out yet.

    Reply
  • December 26, 2017 at 9:00 PM
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    Allotment is out
    Got 1 out of 7 applied 🙂

    Reply
  • December 26, 2017 at 10:17 AM
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    Balkishan Nathani 8898444270

    Reply
  • December 25, 2017 at 3:25 PM
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    I want to buy 500 shares any seller?

    Reply
    • December 25, 2017 at 8:31 PM
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      i can sell my 560 shares and price per share is 150 if you intrested to contect me

      Reply
      • December 26, 2017 at 12:26 PM
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        In what category have you applied??
        How many lots??

        Reply
      • December 26, 2017 at 8:02 PM
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        I want to buy at 0.15 rupees

        Reply
  • December 23, 2017 at 9:59 PM
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    Eagle Eye Official Whats – App group is Active now. Contact only on Whats – App number 9122-182-978 with your name and city.

    If you are already a part of Eagle Eye Network then ignore this message. Multiple joinee will be removed immediately from all the group.

    This group is for IPO allotment, GMP, Listing, Reviews etc. The group will also provide you information about Secondary market.

    Now i am less active on Website, Must join our Whats – App group. Just message your name and city on Whats – App number 9122-182-978.

    Reply
    • January 2, 2018 at 3:19 PM
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      DIS Z ANUREEDY FROM HYDERABAD…..CAN I JOIN UR GROUP ?

      Reply
  • December 23, 2017 at 11:55 AM
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    Good IPO lucky parson will get allotment

    Reply
  • December 22, 2017 at 4:17 PM
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    how much probability of allotment to me

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    • December 22, 2017 at 4:52 PM
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      U are Patel, Owner of this company is Patel. 100% chances as we have Patel reservations in Stock market.

      Reply
      • December 26, 2017 at 5:18 PM
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        haha hahah good one…..anamat for patel

        Reply
        • December 26, 2017 at 6:52 PM
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          MILTI HAI TO ACCHA HAI BHAI

          Reply
  • December 20, 2017 at 4:08 AM
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    Is HNI allotment made from the NII category with 15% reservation?
    Can one apply under two different categories: RII ( 2lac?

    Reply
  • December 17, 2017 at 12:08 AM
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    Difference between Revenues & expenses in H1 FY18 comes to 7.1 but the profit shown in 9.5
    Where is the gap ? (similar issue in fy17)

    Reply
  • December 14, 2017 at 10:20 PM
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    You are not invest but only subscribe

    Reply
  • December 14, 2017 at 10:15 PM
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    Invest is not important allotment is important

    Reply
  • December 14, 2017 at 1:41 PM
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    can i invest in this IPO ?
    How much Rs Gain from this IPO ?

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    • December 14, 2017 at 4:19 PM
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      How much i can not say …… but minimun 20 % upside sure in this ipo.

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    • December 14, 2017 at 7:16 PM
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      DEAR ALL

      NO NEED TO BE SUPER BULLISH ABOUT THIS IPO

      I THINK IT WOULD OPEN WITH CIRCUIT FILTER LIMIT

      Reply
      • December 28, 2017 at 5:16 PM
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        In your dreams 😀

        Reply
  • December 11, 2017 at 11:27 PM
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    Good ipo. Invest this ipo. But allotment who one alloted he / she is lucky…..

    Reply
  • December 11, 2017 at 2:08 PM
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    What are the figures for H1 FY18. Please update them.

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    • December 11, 2017 at 6:26 PM
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      Thanks for reminding, Vibhu. Figures are updated now 🙂

      Reply
  • December 11, 2017 at 1:17 PM
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    Anyone here to help me, I want to buy kostak of Astron n my broker doesn’t allow to buy kostak!
    9601979292

    Reply
  • December 8, 2017 at 11:13 PM
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    Only Lucky will get allotment
    Gujarati always good

    Reply
  • December 7, 2017 at 9:31 AM
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    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…

    Reply
    • December 7, 2017 at 1:21 PM
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      Very accurate analysis Guptaji

      Reply
  • December 7, 2017 at 9:25 AM
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    Price band will be 45-50. Dates 15 to 20 Dec…

    Reply
  • November 8, 2017 at 3:24 PM
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    sell me ur confirm allotmnt at 1000
    raju gupta
    8863805714

    Reply
    • December 10, 2017 at 6:30 PM
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      Jyada samjhdar tu hi dikhe……6000 m market m sell ho rha h

      Reply
      • December 14, 2017 at 7:15 PM
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        DEAR ALL

        NO NEED TO BE SUPER BULLISH ABOUT THIS IPO

        I THINK IT WOULD OPEN WITH CIRCUIT FILTER LIMIT

        Reply

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