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Business EconomyPosted at: Jun 29 2017 3:33PM


Astron Paper files DRHP with SEBI for public issue

Mumbai, Jun 29 (UNI) Astron Paper & Board Mill has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO).
The public offer will comprise 1.4 crore equity shares of face value of Rs 10 each of the company. The company's shares are proposed to be listed on the BSE and NSE.
The company will use the issue proceeds for setting up of an additional manufacturing facility, repayment of loans, working capital requirements and for other general corporate purposes. The lead manager for the issue is Pantomath Capital Advisors.
The company is engaged in the manufacturing of kraft paper (paperboard or cardboard). It comes up with the eco-friendly concept and working towards goal of converting waste in to wealth.
UNI JS NP1528
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