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As on :May 29,2015 10 : 19 AM
IPO Synopsis
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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 Rs.10 each (the "equity shares") of Astron Paper & Board Mill Limited ("the company" or the "issuer") for cash at a price of Rs.50* per equity share (including share premium of Rs.40 per equity share) (the "issue price"), aggregating to Rs.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 Rs. 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 Rs. 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 Rs. 10 each. *subject to finalisation of basis of allotment **subject to finalization of basis of allotment and adjusted for employee discount of Rs.2.5 per equity share. The face value of the equity shares is Rs.10 each. The issue price is Rs.50 per equity share and is 5.0 times of the face value.
Issue
Opens On Closes On
15-Dec-17 20-Dec-17
Money Payable On
Application Allotment
50.00 0.00
Minimum Application for shares in Nos : 280 Further Multiples of : 280
RsCr Lead Managers to the Issue
Project Cost (Rs.Cr) 69.83 Pantomath Capital Advisors Ltd
Project Financed through Current Offer (Rs.Cr) 69.83  
Post Issue Equity Share Capital (Rs.Cr) 46.50
Issue Price (Rs) 50.00
Projects
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.F
Part repayment of unsecured loan availed by the company
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Kirit G Patel
Ramakant Patel
Karshanbhai Patel
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd
For Business enquiry, call on: 011 45046022 / 45046000 or email to: partner@skicapital.net   contact@skicapital.net
SKI CAPITAL SERVICES LIMITED CIN : U74899DL1993PLC054443 / SKI CONSULTANCY SERVICES LIMITED CIN : U74140DL1999PLC098321
Surya Kiran Investment & Capital Services Pvt. Ltd.  * Insurance is in the name of Surya Kiran Investment & Capital Services Ltd. IRDA No: CA0177
   Address: 718, Dr. Joshi Road, Karol bagh, New Delhi 110 005
Hit Count : 7886791
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CIN: U67190DL2012PTC246572, IRDA No: CA0177, AMFI- ARN-118937. NSE Cash / F&O / Currency- INB / INF / INE-230815339, BSE Cash /F&O-INB / INF010815331, BSE Currency- Exchange Regn., MSEI Currency- INE260815339, DP IN-DP-NSDL-129-2000, DPID IN 301508, IRDA Reg. No.CA0490, SKI Consultancy Services Ltd Member: NCDEX, MCX, SEBI Reg No INZ00005283, M. No. NCDEX 00433, MCX 16200.
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