Astron Paper and Board Mill’s initial public offering (IPO) opens for subscription today on December 15 and it will close on December 20. The price band of the IPO is fixed at Rs.45-Rs.50 per equity share.
The IPO comprises of an offering up to 1,40,00,000 equity shares of face value of Rs.10 each and the company proposes to raise Rs.70 crore. The proceeds from the IPO will be used to increase its capacity and repay part of its debt.
Bids can be made of minimum 280 equity shares and in multiples of 280 equity shares thereafter.