Updates
Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011.11-01-2018
Statement Of The Investors Complaints For The Quarter Ended On 31St December, 2017
Dear Sir / Madam, Pursuant to Regulation 13(3) of SEBI (LOADR) Regulations, 2015, the statement of the Investors Complaints for the quarter ended on 31st December, 2017 is as under: Sr. No. Investors Complaints No. of Complaints 1. Pending at the beginning of the quarter (as on 01.10.2017) Nil 2. Received during the quarter (01.10.2017 to 31.12.2017) 2...08-01-2018
Astron Paper Mills sees sharp price rise since listing
Astron Paper Mills has been rising rapidly since listing, jumping to its current share price of Rs. 152 per share, compared to its issue price of Rs. 45-50 per share. The manufacturer of craft paper had its IPO subscribed 243 times when the issue opened in December 15-20. APBML’s IPO offering at Rs. 45-50 per share put it at a P/E multiple of 12.2x (based on FY18E annualized EPS of Rs4.1). Analysts noted that the issue was in line with other peer valuations - Genus Paper & Boards trades at a P/E multiple of 24.5x and Shree Ajit Pulp & Paper at 12.6x. The industry is seeing some opportunity - China's ban on waste paper imports has reduced raw material costs for companies, pointing to potentially higher margins in the coming quarters. However, share prices of peer companies have not increased significantly, suggesting that the share price rise for Astron Paper is at least partly speculative, helped along by bulk deals towards the end of December.05-01-2018
Astron Paper makes stellar debut
Shares of Astron Paper & Board Mills made a remarkable debut on the bourses today, surging over two-fold against its issue price of Rs 50. The stock opened the day at Rs 114, rising sharply by...29-12-2017
Listing of equity shares of Astron Paper & Board Mill Ltd
Trading Members of the Exchange are hereby informed that effective from December 29, 2017, the equity shares of Astron Paper & Board Mill Ltd (Scrip Code: 540824) are listed and admitted to dealings on the Exchange in the list of 'T' Group Securities. For further details please refer to the notice no 20171228- dated December 28, 2017.29-12-2017