| Astron Paper & Board Mill Ltd |
|
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  10 each (the "equity shares") of Astron Paper & Board Mill Limited ("the company" or the "issuer") for cash at a price of 50* per equity share (including share premium of 40 per equity share) (the "issue price"), aggregating to 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 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 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 10 each.
*subject to finalisation of basis of allotment
**subject to finalization of basis of allotment and adjusted for employee discount of 2.5 per equity share.
The face value of the equity shares is 10 each. The issue price is 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 |
Rs50.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :280 Further Multiples of :280 |
| |
RsCr |
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 |
Rs50.00 |
|
|