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Astron Paper to raise Rs 70 cr through IPO

Astron Paper to raise Rs 70 cr through IPO
outlookindia.com
1970-01-01T05:30:00+0530

Mumbai, Dec 8 (PTI) Astron Paper and Board Mill today said it has fixed price band between Rs 45 and Rs 50 per equity share for its proposed initial public offer (IPO) to raise Rs 70 crore.

The IPO comprises of an offering up to 140,00,000 equity shares of face value of Rs 10 each of the company. The issue opens on December 15 and closes on December 20.

The company has a manufacturing facility in Gujarat with an installed capacity of 96,000 MT per annum. It proposes to utilize Rs 23 crore for setting up of additional facility for manufacturing of kraft paper and Rs 8 crore for part repayment of unsecured loan, it said. It will also spend Rs 23 crore to fund the working capital requirements.

The equity shares of the company are proposed to be listed on the NSE and BSE.

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Bodhtree Consulting becomes platinum member of Salesforce *Bodhtree Consulting, a BSE listed, IT service provider today said it has become platinum member of Salesforce.

This will help in increase the business flow in supply chain management for the company as the support for business development would be extended from Salesforce, the release said.

Bodhtree is expecting business from healthcare, manufacturing, education and financial services with specialisations on mobility and digital marketing that will help the company in getting more business especially in the enterprise segment, it said.

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BSE Institute MD named vice-chair of fin education arm of WFE *BSE Institute managing director and

chief executive Ambarish Datta has been elected as the vice-chair of the financial education and literacy group representing the Asia Pacific at World Federation of Exchanges (WFE).

WFE is the global industry association for exchanges and clearing houses.

Datta will work with the leading global exchanges of the world to advice on financial education policies for market infrastructure providers, among others.


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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