Astron Paper & Board Mill makes strong debut

Astron Paper & Board Mill makes strong debut

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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”).

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com