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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 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 50* per equity share (including share premium of 40 per equity share) (the "issue price"), aggregating to 69.83 Crores** (the "issue"). The issue comprises a net issue to the public of 1,33,00,000* equity shares (the "net issue") and reservation of 7,00,000* equity shares aggregating to 3.33 Crores for subscription by eligible employees (as defined herein) not exceeding 5% of the post-issue paid-up equity shares capital (the "employee reservation portion"). The issue would constitute 30.11 % of the post-issue paid-up equity share capital and the net issue to the public would constitue 28.60% of the post-issue paid-up equity share capital. The company, in consultation with the book running lead manager ("brlm"), offered a discount of 2.5 per equity share (equivalent to 5%) on the issue price to eligible employees ("employee discount"). The face value of the equity shares is 10 each. *subject to finalisation of basis of allotment **subject to finalization of basis of allotment and adjusted for employee discount of 2.5 per equity share. The face value of the equity shares is 10 each. The issue price is 50 per equity share and is 5.0 times of the face value.

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

  Cr Lead Managers to the Issue
Project Cost 69.83
Pantomath Capital Advisors Ltd
Project Financed through Current Offer 69.83  
Post Issue Equity Share Capital 46.50  
Issue Price 50.00  
Setting up of additional facility for manufacturing of Kraft Paper with lower GSM ranging from 80 to 180 GSM and lower B.F. ranging from 12 B.F to 20 B.FFunding the working capital requirements of the company
Part repayment of unsecured loan availed by the companyGeneral corporate purposes
Promoted By
Kirit G Patel
Ramakant Patel
Karshanbhai Patel
Listing At
Registrar to the Issue
Link Intime India Pvt Ltd