Astron Paper & Board Mill Ltd Ipo

COMPANY PROMOTER

1.     Mr. Kirti G. Patel

2.     Mr. Ramakant Patel

3.     Mr. Karshanbhai Patel

4.     Asian Granito India Limited

LEAD MANAGERS

1.       Pantomath Capital Advisors Private Limited

 REGISTRAR TO THE ISSUE

a)      Link Intime India  Private Ltd

 OBJECT OF THE OFFER

     Astron Paper intends to utilize the net proceeds from this public

     issue towards the following objects:

1. Setting up of additional facility for manufacturing of lower                                                                                      
    GSM and lower B.F Kraft Paper.

2. Part repayment of unsecured loan.
3. Funding the working capital requirements and
4. General corporate purposes.

      KEY FEATURES

1.      Incorporated in 2010.

2.       Astron Paper & Board Mill Ltd is Ahmadabad based manufacturer of Kraft paper, also known as paperboard or cardboard.

3.       The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers.

4.      Astron Paper has manufacturing facility in Halvad, Gujarat. Company uses waste paper as raw material.

5.      The Company is having Triple Wire Machine with a daily capacity of 350 MT along with daily pulp mill capacity of 400 MT. Astron Paper is ISO 9001-2008, ISO 14001, UKAS Management systems and FSC certified.

Risk Factor

1.      This being the first public issue of our Company, there has been no formal market for the Equity Shares.

2.      Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment.

COMPANY FINANCIAL 

 (Rs in millions)       

IPO DETAILS