Astron Paper & Board Mill Ltd IPO Message Board (Page 50)

Yes. Still it is not showing in SBI ASBA.....

It seems, the Astron is not listed in SBI ASBA service still...

Anybody experience this?

yes still waiting for this

............... Astron paper & board mill......
________________________________________
=>Incorporated in 2010,mainly associated with production of kraft paper and supply that to paper/boxes packaging industry,
=> complete fresh issue of 70cr
=> Major selling shareholder(promotor)
AGL avg acquisition rate was 9rs (vs issue upper price 50rs)
________________________________________

M. Cap (50rs) = 232cr
PAT cagR : 55%
PBT cagr : 20%
REVENUE caGr : 10%
... Past 3 yr CaGR''s...

Good Financing in taxes(All companies must have smart CA now a days!!)
_________________________________________

Peers

................. P/E*......P/S.....ronw.. . sales cagr

Astron......... 23....... 1.26x......22%....10%
South.......... 15.......0.9x.........9%...... .5%
Ajit pulp.... .. 17.......0.5x........7%....... 5%
Genus.......... 36........1.1x........2%........ 3%
Jk paper....... 12........0.9x........13%.....13%
NR Agarwal.. 10...... .0.75x......58%.....19%
Star paper..... 7...... 1.3x........64%......13%

* last yr(2017) PE
ConcL : NR Agarwal is good pick valuation wise but only in correction(if) , already too much upmove hppned !

Industry outlook : neutral,
Low barrier business, many listed shares hv priced in nxt 1-2 good quarter at their CMP''s.
______________________________________
Valuation

Pre issue share : 32500000
Post issue share : 46500000

@upper band 50rs,

2017...
Pre issue PE : 12, post issue PE : 23

2018 HY1 PAT : 9.4cr,
Full yr estimated sales 200cr, PAT 16cr(margin 8%)

EPS : 3.44 => PE 2018 = 14.53

_______________________________________
PE 20 is imo good/fair for 10% revenue, 15% PBT CAGR growth given good promotor and future perspective.

@20 PE price = 68.8rs*(listing price)

If gives value = 1.5x sales = 1.5*200 =300cr
Price = 65 rs(fair value)

1.8x sales = 77 rs (till 1 yr after list).

So in anyways after listing, it will become overvalued among listed peers.
______________________________________
Retail allotment :

Issue may oversubscribe by 30-35x or even higher in rii category, so rare allotment possible. 1/30 type.

________________________________________
Concl :

Apply......... For Listing gain.

For optimum profit subject to sell is
At 5000...u sold at 67(good)
At 6000...u sold at 71(better)
At 7000...u sold at 75(best)

Consider All above???? as an imo only!!

@OPOS
Not seen rhp in detail, but not sure about good listing gains,
If you hv good holding capacity then can take risk.
Otherwise not ''blind subscribe'' case imo.

@gamble sir
THANKS

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I m just learning from these gems also.

OK valuation, good promoters, good growth prospects, recycled raw material, small issue be with good appetite make it an sureshot listing gainer.

Or even a speculator''s paradise...

@uhuu, Haan honeymoon manate uhuu ahhaa to hote hi rahte, aa jao Jaaneman uhuu, chalo GAME khele... Pakdam pakdai!

This is T group security....can i sell it on listing day? what will be upper circuit on that day?? and circuit will be released after 10 days. right?

Good question...

Can i apply any no. Above 280 share or in multiple of 280?

yeah , Single Lot having more chances for allotment .

wht''s the gmp price sirji.......?

Best part of this IPO is the DATE.

recetly listed IPO''s date was wrongly scheduled, money was stuck in one IPO and other IPO got missed.
Non allotees of FSC and Shalby can apply in this one. Allotment will be tough, retail category can get subscribe more than 80x

Astron subject to application of Rs.14000/-
Rate is 6300/- 6500/-

nice article

Only point is small issue which will ensure50-60 times huge oversubscription. Otherwise nothing as such financial etc. Capital market has given only 30 out of 100 that is clear avoid.

Finally mystery solved of astron having small " a "


I just called kirti patel, ramakant patel and karshanbhai patel, and asked about this issue

Only karshanbhai had the answer,

He told me,

Astron with capital ''A'' already registered watch brand of UK, so they don''t have authority to use capital A wala Astron,

I asked 2nd que : why your PBT is lower than your PAT

He answered " if shalby can do ,why can''t we ?? "

We both are ahmedabadi ! Gujarati!

And hanged up!

GMP last heard:

Astron Paper IPO
38 - 40

@Market Kid - Just search on google and you can find many company with name starting with small letter for their logos.
eg. -- asian paints, airtel, marico

Even 1160+ $ amazon also have small a.

amazon really??
It''s the most meaningful logo of all time,

It shows a to z with arrow cum smile, so you can not use capital A to small z,
Either use A to Z or a to z, understood?

Marico - their logo contain peaceful designed capital letter M not m.

Airtel logo was earlier Airtel but changed airtel and we all know what happened after that !!

Asian paint contain small a just because of they have to match design with p letter


Still many logos contains first small case letter , but they have strong reason, mainly pronunciation reasons(facebook,moneycontrol,etc type)

Mostly when second letter is a, e, i, o, u


BTW

astron paper name is copied from star paper ,check this out

astron means star!


element active in English word formation from mid-18c. and meaning "star or celestial body; outer space," from Greek astro-, stem and comb. form of astron "star," related to aster "star" (see star (n.)). In ancient Greek, aster typically was "a star" and astron mostly in plural, "the stars."

Astron subject to application of Rs.14000/-
Rate is 6000/-6500/-

Astron subject to application of Rs.14000/-
Rate is 6000/-6500/-

At what P/E and P/B is valued at 50/share

Are bruh yanha gamble bruh mara ja rha hai, full analysis krke aur aap ab bhi PE PB kr rhe ho, just scroll it ,

ab wo bhi aapko batana pdega,


Put any finger on screen, slide it upwards, all done! Only stop at most liked post.
Or the post with so much data.

# kuchh nai ho sakta is desh ka .

I THINK THIS ISSUE WILL BE OVERSUBSCRIBED AT LEAST 25X IN RETAIL
SO ALLOTMENT CHANCES ARE VERY LESS
BUT CHANCE OF NEGATIVE LISTING IS TOO REMOTE
SO IF YOU HAVE IDLE MONEY IN YOUR BANK ACCOUNT, THEN WHY NOT APPLY THROUGH ASBA AND TAKE A CHANCE AND PARTICIPATE IN LOTTERY !!
IF YOU ARE LUCKY ENOUGH TO GET ALLOTMENT, THEN YOU MAT EARN SOMETHING ANYWHERE ABOUT 3000-8000 RUPEES.

@market kid
I think it''s about Company name matching with logo.(see their logo, it''s small "a")
Some times logo designers do that.

FROM SBI BANK A/C I CAN FILE 5 APPLICATIONS IN ONE IPO, HOW MANY CAN I APPLY FROM HDFC BANK & INDUSIND BANK A/C ?