What is the price band of the Astron Paper & Board Mills IPO?

The price band is ₹45.0–50.0 per share, and the final issue price is ₹50.0.

What is the lot size of the Astron Paper & Board Mills IPO?

One lot is 280 shares, so the minimum retail bid is ₹14,000 at the upper end of the price band.

When is the Astron Paper & Board Mills IPO listing date?

The shares listed on 29 December 2017.

How many times was the Astron Paper & Board Mills IPO subscribed?

It was subscribed 243x overall: QIB 103x, NII 397x and retail 77.9x (NSE and BSE together).

Astron Paper & Board Mills IPO

Astron Paper & Board Mills Limited (ASTRON) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 December 2017.

Listed 29 Dec Subscribed 243x Listing gain +130.0%

Issue details

Price band

₹45.0–50.0

Issue price

₹50.0

Lot size

280 shares

Min. retail bid

₹14,000

Max. retail bid

14 lots (₹1,96,000)

Issue size

₹80.0 Cr

Face value

₹10

Bidding

15 Dec – 20 Dec 2017

Listing

29 Dec 2017

Retail quota

35%

Registrar

Link Intime India Private Limited

Discount

Discount of Rs 2.50/- per equity share to Eligiable Employee category

Listing day

Listed at

₹115

+130.0% vs issue price ₹50.0

Day's high

₹121

+141.5% · low ₹112 (+125.0%)

Day's close

₹121

+141.5% · traded ₹74.9 Cr

Subscription status

Category	Shares offered	Shares bid for	Subscribed
QIB (institutions)	13,30,000	13,74,63,760	103x
NII (HNI) total	73,15,000	2,90,39,64,840	397x
Retail	46,55,000	36,27,50,360	77.9x
Employees	7,00,000	18,95,040	2.71x
Total	1,40,00,000	3,40,60,74,000	243x

Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.

Past IPOs with similar demand

Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Astron Paper & Board Mills's, and how they listed.

IPO	QIB	NII	Retail	Total	Size	Listing gain	Day high
Quess CorpJul 2016	59.0x	392x	34.1x	144x	₹411 Cr	+57.7%	+60.7%
Central Depository Services (India)Jun 2017	149x	563x	23.8x	170x	₹524 Cr	+67.8%	+81.2%
Capacit'e InfraprojectsSep 2017	131x	638x	17.6x	183x	₹408 Cr	+59.6%	+59.6%
MAS Financial ServicesOct 2017	148x	379x	16.0x	128x	₹464 Cr	+43.8%	+48.5%
Advanced Enzyme TechnologiesJul 2016	94.0x	393x	11.7x	116x	₹413 Cr	+35.0%	+38.8%
Dixon Technologies (India)Sep 2017	135x	346x	10.6x	118x	₹600 Cr	+54.3%	+71.2%

Lead managers and their listing record

Book running lead manager	Mainboard IPOs since 2019	Avg listing gain	Listed at a premium
Pantomath Capital Advisors	19	+20.0%	79%

Offer documents (NSE)

Red Herring Prospectus (zip) Basis of issue price (zip)

Frequently asked

What is the Astron Paper & Board Mills IPO price band and lot size? ₹45.0–50.0 per share, with a lot of 280 shares, so the smallest retail bid is ₹14,000.

How many times has it been subscribed? 243x overall: QIB 103x, NII 397x, retail 77.9x, employees 2.71x.

How did it list? It opened at ₹115, +130.0% against the issue price of ₹50.0, and closed its first day +141.5%.

Other IPOs of 2017

Future Supply Chain Solutions Shalby HDFC Standard Life Insurance Company Khadim India The New India Assurance Company Mahindra Logistics Reliance Nippon Life Asset Management General Insurance Corporation Of India All 2017 IPOs →

Important: The AI listing estimates on Flash Finance are statistical estimates drawn from how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell, and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring Prospectus and consult a SEBI-registered adviser before you invest.