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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.
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
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
 
(Rs.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
 
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
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