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).
If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.
While Au Financiers IPO Grey Market Premium (AUFIL GMP) also started trading at Rs 78 – Rs 80 per equity share.
GTPL Hathway IPO Grey Market Premium (GMP) is still not active.
Some SME IPO will also be active in market in coming week.
Keep watching this blog to keep yourself updated with all the news.
If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.
If you like to have a Chance to Win a Smart Phone just Like and share us.