Samco securities limited

Astron Paper & Board Mill Ltd IPO

Add to Calendar 2017-12-15 12:00 AM 2017-12-20 12:00 AM Asia/Kolkata Astron Paper & Board Mill Ltd IPO Astron Paper & Board Mill Ltd India

Introduction:Astron Paper & Board Mill Ltd is Ahmedabad based kraft paper manufacturing company. The main manufacturing facility of astron paper is in Halvad, Gujarat. Astron paper is having ISO 9001-2008, ISO14001, UKAS Management systems & FSC certification.

Date of Establishment: Company was established in the year 2010. 

Product & Service Offering: The company manufacturers kraft paper, which is commonly known as cardboard or paperboard. The produce is used as the raw material in packaging industry.
Astron paper produces following products for packaging industry 

   - corrugated boxes and liners,
   - corrugated sacks
   - composite containers. 

Customer Segment: Customer base comprises companies from packaging industry. 

Promoters of Astron Paper & Board Mill: Company is promoted by Mr. Kirti G. Patel, Mr. Ramakant Patel and Mr. Karshanbhai Patel

Objects of the Issue: The key aim of the issue is to meet:

i) The repayment of unsecured loans taken

ii) Maintaining the working capital requirement

iii) Setting up additional manufacturing facility

iv) Smoothening of other general purpose corporate affairs

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. million)
  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


Issue Detail

  • Issue Open: Dec 15, 2017
  • Issue Close: Dec 20, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 45 - Rs 50 Per Equity Share
  • Bid Lot:280 Shares
  • Minimum Order Quantity:280 Shares
  • Listing At: BSE, NSE
  • Issue Size: Rs 70.00 Cr

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