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 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.
Opens On Closes On
Issue 15-Dec-17 20-Dec-17
Application Allotment
Money Payable On 50.00 0.00
Minimum Application for shares in Nos : 280 Further Multiples of : 280
  rupeeCr Lead Managers to the Issue
Project Cost (rupee.Cr) 69.83 Pantomath Capital Advisors Ltd
Project Financed through Current Offer (rupee.Cr) 69.83  
Post Issue Equity Share Capital (rupee.Cr) 46.50
Issue Price (rupee) 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
Minimum Application for shares in Nos : Further Multiples of :
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Goodwill Comtrades Pvt. Ltd   |
   MCX : 11095   |   ICEX : 2035   |   SEBI Regn. No : INZ000049087
Goodwill Wealth Management Pvt. Ltd   |
   MSEI : 11240   |   NSE : 90097   |   BSE : 6648   |   SEBI Regn. No : INZ000177036
Clearing Code   |
   NSE : M52003   |   BSE : 6648
CDSL DP   |
   DP ID : 12084200   |   SEBI Regn. No : IN - DP - CDSL - 309 - 2017
Research Analyst   |
   SEBI Regn. No : INH200005179
Mutual Funds   |
   ARN : 118850
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD, GOODWILL COMTRADES PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
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