Astron Paper IPO Oversubscribed 243 Times

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Gujarat-based Astron Paper which is engaged in manufacturing Kraft paper opened its IPO offer to raise Rs. 70 crore. With heavy response across investor categories, the issue was oversubscribed 243.20 times as on the last bidding day.

    Astron Paper IPO Oversubscribed 243 Times
     

    The data available with the NSE showed that the Astron Paper's IPO received bids for 3,40,48,47,040 shares as against the size of 1,40,00,000 shares. The quote reserved for qualified institutional buyers or QIBs got oversubscribed 103.36 times, non-institutional investor category 397 times and retail investors 76.26 times.

    Pantomath Capital Advisors Private Limited is the lead manager to the IPO issue. The equity shares of Astron are proposed to list on both the exchanges.

    The proceeds of the IPO issue are to be used towards setting up a new facility for manufacturing Kraft paper, repaying unsecured loan, providing for company's working capital and other general corporate activities.

    Goodreturns.in

    Read more about: ipo astron paper qib
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more