Astron Paper & Board Mills Limited IPO
Astron Paper & Board Mills Limited was a mainboard IPO in the Paper & Paper Products sector, offered at ₹45–₹50 per share to raise ₹70 crore. The issue was subscribed 243.29× overall (QIBs 103.36×, NIIs 396.99×, retail 77.93×). It listed on 29 Dec 2017 at ₹115 and closed its first day at ₹121, a listing gain of +141.5% versus the ₹50 issue price. It now trades around ₹3 (-94.8% versus the issue price).
Frequently asked questions
- How many times was the Astron Paper & Board Mills Limited IPO subscribed?
- The Astron Paper & Board Mills Limited IPO was subscribed 243.29× overall — 103.36× in the QIB category, 396.99× among non-institutional investors, 77.93× in retail.
- What were the Astron Paper & Board Mills Limited IPO listing gains?
- Astron Paper & Board Mills Limited listed on 29 Dec 2017 at ₹115, closing its first day at ₹121 — a listing gain of +141.5% versus the ₹50 issue price.
- What were the retail allotment odds for the Astron Paper & Board Mills Limited IPO?
- Retail was subscribed 77.93×, so a single-lot application had roughly a 1.3% chance of allotment (about 1 in 78), and allotment was finalised on 25 Dec 2017.
- What was the price band and lot size of the Astron Paper & Board Mills Limited IPO?
- The price band was ₹45–₹50 per share, with a minimum lot of 280 shares (₹14,000 at the upper band).
- Who were the registrar and lead manager for the Astron Paper & Board Mills Limited IPO?
- Link Intime India Private Limited was the registrar, and Pantomath Capital Advisors was the book-running lead manager.