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: [email protected]
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: [email protected]
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)

108 COMMENTS

  3. 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…

  15. 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.

    • 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.

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