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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 Rs10 each (the "equity shares") of Astron Paper & Board Mill Limited ("the company" or the "issuer") for cash at a price of Rs50* per equity share (including share premium of Rs40 per equity share) (the "issue price"), aggregating to Rs69.83 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 Rs3.33 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 Rs2.5 per equity share (equivalent to 5%) on the issue price to eligible employees ("employee discount"). The face value of the equity shares is Rs10 each. *subject to finalisation of basis of allotment **subject to finalization of basis of allotment and adjusted for employee discount of Rs2.5 per equity share. The face value of the equity shares is Rs10 each. The issue price is Rs50 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	Rs 50.00-0.00	Rs 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	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

No Data Found.

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