IPO: Astron Paper and Board Mill Limited
Company & Business Profile
Astron Paper and Board Mill Ltd is engaged in manufacturing of kraft paper. The paper produced by the company is used mainly in packaging industry for manufacturing corrugated boxes and liners, corrugated sacks and composite containers. Currently it is operating in domestic markets with its products being supplied on pan India basis. The company is in the process of exploring export markets.
Astron Paper is one of the major kraft paper manufacturers in Gujarat with manufacturing facility having an installed capacity of 96,000 mt tonnes p.a. The manufacturing facility is situated at Halvad, Gujarat and is well equipped with requisite plant and machineries and other facilities. Astron Paper and Board Mills also has in house testing laboratory for quality control checks and testing of products.
The Company is having Triple Wire Machine with a daily capacity of 350 MT along with daily pulp mill capacity of 400 MT. Astron Paper is ISO 9001-2008, ISO 14001, UKAS Management systems and FSC certified.
Objects of the Issue
The objects of the net proceeds of the Issue are:
- Setting up of additional facility for manufacturing of lower GSM and lower B.F Kraft Paper.
- Part repayment of unsecured loan.
- Funding the working capital requirements and
- General corporate purposes.
Listing:
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Apply in IPO now in ASBA mode, to apply call us at 91-7024471019.