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.
Astron Paper IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹45 to ₹50 per equity share |
| Market Lot | 280 Shares |
| Min Order Quantity | 280 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540824 |
| NSE Symbol | ASTRON |
| ISIN | INE646X01014 |
| Issue Size | Aggregating up to ₹70.00 Cr |
Astron Paper IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 15-Dec-17 |
| IPO Close Date | 20-Dec-17 |
| Basis of Allotment Date | 26-Dec-17 |
| IPO Listing Date | 29-Dec-17 |
Astron Paper IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 280 | ₹14,000 |
| Maximum | 14 | 3920 | ₹196,000 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Astron Paper & Board Mill Ltd
Company Promoters:
The promoters of the company are Mr. Kirti G. Patel, Mr. Ramakant Patel and Mr. Karshanbhai Patel. Asian Granito India Ltd is the corporate promoter of the company. Equity shares of Asian Granito are listed at BSE and NSE since year 2007. For more detail click the links below:
Asian Granito India Ltd Stock Quotes
Asian Granito India Ltd IPO Detail
Company Financials:
| PARTICULAR | 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 |
Objects of the Issue:
Astron Paper intends to utilize the net proceeds from this public issue towards the following objects:
- Setting up of additional facility for manufacturing of lower GSM and lower B.F Kraft Paper,
- Part repayment of unsecured loan,
- Funding the working capital requirements and
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | Astron Paper IPO Registrar |
| Astron Paper & Board Mill Ltd Ganesh Meridian, D-702,7th Floor, Opposite High Court, S-G Highway, Ahmedabad 380060 Phone: +91 79 40081221 Email: info@astronpaper.com Website: http://astronpaper.com/ | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: astron.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
