IPO

Astron Paper & Board Mill Ltd IPO

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Offer Date: Dec 15, 2017 - Dec 20, 2017

₹ 14000 /280 Shares

15 Dec, 2017

Open Date

20 Dec, 2017

Close Date

27 Dec, 2017

Allotment Date

29 Dec, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 45 - Rs 50 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 1,40,00,000 Equity Shares of Rs 10 with aggregating up to Rs 70 Cr
  • Listing at NSE, BSE
  • Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹45 - 50 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Dec 15, 2017 and ends on Dec 20, 2017. The allotment for IPO will be finalized on Dec 27, 2017. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 29, 2017. The company shall list its equity shares on the NSE, BSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED.


The IPO sets its price band at 45 - 50 for each share. A single application for Astron Paper & Board Mill Ltd IPO must contain at least 280 shares.

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IPO Subscription Analysis And Details
Retail
77.13x
QIB
103.35x
NII
396.99x
Total
243.05x
As on QIB NII Retail Total
Shares Offered / Reserved 13,30,000 73,15,000 46,55,000 1,40,00,000
Day 1 15-12-17
1.50 x 0.10 2.24 x 0.94 x
Day 2 18-12-17
1.80 x 0.44 14.07 x 5.11 x
Day 3 19-12-17
5.74 x 1.15 33.57 x 12.38 x
Day 4 20-12-17
103.35 x 396.99 77.13 x 243.05 x
Valuations
Earnings Per Share (EPS) Rs 2.14
P/E Ratio 23.35
RoNW 21.98%
Net Asset Value (NAV) Rs 13.94
IPO - Issue Objectives
1

Setting up of additional facility for manufacturing of lower GSM and lower B.F Kraft Paper

2

Part repayment of unsecured loan

3

Funding the working capital requirements

4

General corporate purposes