Astron Paper to raise Rs 70 cr through IPO
11/12/2017
Astron Paper and Board Mill said it has fixed price band between Rs 45 and Rs 50 per equity share for its proposed initial public offer (IPO) to raise Rs 70 crore, reported PTI. The IPO comprises of an offering up to 140,00,000 equity shares of face value of Rs 10 each of the company. The issue opens on December 15 and closes on December 20. The company has a manufacturing facility in Gujarat with an installed capacity of 96,000 MT per annum. It proposes to utilize Rs 23 crore for setting up of additional facility for manufacturing of kraft paper and Rs 8 crore for part repayment of unsecured loan, it said. It will also spend Rs 23 crore to fund the working capital requirements. The equity shares of the company are proposed to be listed on the NSE and BSE.
11/12/2017
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Astron Paper and Board Mill said it has fixed price band between Rs 45 and Rs 50 per equity share for its proposed initial public offer (IPO) to raise Rs 70 crore, reported PTI. The IPO comprises of an offering up to 140,00,000 equity shares of face value of Rs 10 each of the company. The issue opens on December 15 and closes on December 20. The company has a manufacturing facility in Gujarat with an installed capacity of 96,000 MT per annum. It proposes to utilize Rs 23 crore for setting up of additional facility for manufacturing of kraft paper and Rs 8 crore for part repayment of unsecured loan, it said. It will also spend Rs 23 crore to fund the working capital requirements. The equity shares of the company are proposed to be listed on the NSE and BSE.
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