My Notes
A must apply ipo
High grey market premium (around 35per share)
Profits in increasing trend
Very less chance of allotment as ipo is very small (70cr)
Good promotors (Asian Granito india Ltd.)
About the company
Incorporated in 2010, Astron Paper & Board Mill Ltd is Ahmedabad based manufacturer of Kraft paper, also known as paperboard or cardboard. The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers.
A must apply ipo
High grey market premium (around 35per share)
Profits in increasing trend
Very less chance of allotment as ipo is very small (70cr)
Good promotors (Asian Granito india Ltd.)
About the company
Incorporated in 2010, Astron Paper & Board Mill Ltd is Ahmedabad based manufacturer of Kraft paper, also known as paperboard or cardboard. The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers.
Astron Paper has manufacturing facility in Halvad, Gujarat. Company uses waste paper as raw material.
The Company is having Triple Wire Machine with a daily capacity of 350 MT along with daily pulp mill capacity of 400 MT. Astron Paper is ISO 9001-2008, ISO 14001, UKAS Management systems and FSC certified.
Objects of the Issue:
Astron Paper intends to utilize the net proceeds from this public issue towards the following objects:
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 and
4. General corporate purposes.
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 and
4. General corporate purposes.
Detail:
»» Issue Open: Dec 15, 2017 - Dec 20, 2017
»» Issue Type: Book Built Issue IPO
»» Issue Size: 14,000,000 Equity Shares of Rs 10 aggregating up to Rs 70.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 45 - Rs 50 Per Equity Share
»» Market Lot: 280 Shares
»» Minimum Order Quantity: 280 Shares
»» Listing At: BSE, NSE
»» Issue Type: Book Built Issue IPO
»» Issue Size: 14,000,000 Equity Shares of Rs 10 aggregating up to Rs 70.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 45 - Rs 50 Per Equity Share
»» Market Lot: 280 Shares
»» Minimum Order Quantity: 280 Shares
»» Listing At: BSE, NSE
Profits are in increasing trend
Conclusion: must Apply for listing gains as well as for long term
Disclaimer : I am not a sebi registered analyst kindly consult your financial advisor before investing.
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