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Astron Paper Files IPO Papers With SEBI

Astron Paper Files IPO Papers With SEBI:

Astron Paper & Board Mill has filed draft papers with capital market regulator SEBI to float an initial public offering (IPO).

The public issue comprises 1.4 crore equity shares of face value of Rs 10 each of the company, according to the draft red herring prospectus (DRHP).

Proceeds of the initial public offer (IPO) will be used for setting up of an additional manufacturing facility, repayment of loans, working capital requirements and for other general corporate purposes.

“Also, we believe that listing of equity shares will enhance our company’s corporate image, brand name, and create a public market for our equity shares in India,” Astron Paper said.

Pantomath Capital Advisors is the sole book running lead manager to the issue. The equity shares are proposed to be listed on both BSE and NSE.

Established in 2010, Gujarat-based Astron Paper is engaged in the manufacturing of kraft paper (paperboard or cardboard).

Market Update:

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Tejas Networks Ltd (TNL) IPO also listed successfully. Eris Lifesciences Ltd IPO (ELL IPO) lists at par. Now Central Depository Services Ltd IPO (CDSL IPO) also listed at over 75% premium.

While Au Financiers IPO Grey Market Premium (AUFIL GMP) also started trading at Rs 78 – Rs 80 per equity share.

GTPL Hathway Ltd IPO (GTPL IPO) finally also able to subscribe fully. While Au Financiers Ltd (AUFL) IPO is also going to be active from June 28, 2017 – June 30, 2017.

GTPL Hathway IPO Grey Market Premium (GMP) is still not active.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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