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  IPO
IPO Synopsis
  Astron Paper & Board Mill Ltd
Registered Office: D 702 7th Flr Ganesh Meridian,Opp. High Court S G Higway , Ahmedabad - 380060 , Gujarat , India.
Phone : 91-79-40081221   Fax:91-79-40081220
Email :  cs@astronpaper.com  
Website :  www.astronpaper.com
Initial public offering of up to 1,40,00,000 equity shares of face value of 10 each (The "Equity Shares") of Astron Paper & Board Mill Limited ( "The Company" or The "Issuer") for cash at a price of [*] per equity share (including share premium of [*] per equity share) (The "Issue Price"), aggregating up to [*] crores (The "Issue"). The issue comprises a net issue to the public of [*] equity shares (The Net Issue") and reservation of [*] equity shares aggregating upto [*] crores for subscription by eligible employees (as defined herein) not exceeding [*]% of the post-issue paid-up equity shares capital (The "Employee Reservation Portion"). The issue would constitute [*]% of the post-issue paid-up equity share capital and the net issue to the polic would constitue [*]% of the post-issue paid-up equity share capital. A discount of 2.50 per equity share on issue price is being offered to Eligible Employees bidding in the employee reservation portion ("Employee Discount"). Price band: 45 to 50 per equity share of face value of 10 each. Discount to eligible employees: 2.5 per equity share on Issue Price. The floor price is 4.5 times the face value and the cap price is 5 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
15-Dec-17 20-Dec-17 45.00-50.00 0.00-0.00
Minimum Application for shares in Nos :280  Further Multiples of :280

  Cr Lead Managers to the Issue
Project Cost 0.00
Pantomath Capital Advisors Ltd
Project Financed through Current Offer 63.00  
Post Issue Equity Share Capital 0.00  
Issue Price 45.00  
 
Projects
Setting up of additional faci. for lower GSM PaperFunding the working capital requirements
Part repayment of unsecured loanGeneral corporate purposes
Promoted By
Kirit G Patel
Ramakant Patel
Karshanbhai Patel
Listing At
BSE 
NSE 
Registrar to the Issue
Link Intime India Pvt Ltd