Astron Paper & Board Mill makes strong debut


Shares of Astron Paper & Board Mill listed with a premium of 130% as against the issue price of Rs. 50.

The IPO got oversubscribed by 243.29 times.

The stock has hit a high of Rs. 120 and a low of Rs. 112.

The company had fixed a price band of Rs. 45/- to Rs. 50/- per Equity Share of face value of Rs. 10 each.

The IPO comprises of an offering up to 1,40,00,000 equity shares of face value of Rs. 10 each (the “Equity Shares”)of the Company. The issue also comprises of reservation of upto 7,00,000 equity shares for subscription by Eligible Employees (the “employee reservation portion”).