Astron Paper & Board Mill Ltd IPO Message Board (Page 9)

Hi Hari
If i were you i will not buy anything above 55 Rupees.

Shreyans, Star , ruchira and rama pulp are looking very attractive compared to this.
IMO this will not have much appreciation over next few quarters.

Buy it at whatever price it opens even if it''s 100%
It''s new APEX in making because of Small issue size!

HI Sacthta,

I Beg to differ.
Objectives of issue are
1. Setting up of additional facility for manufacturing of lower GSM and lower B.F Kraft Paper,
2. Part repayment of unsecured loan,
3. Funding the working capital requirements and
4. General corporate purposes.

Setting up New facility and generating Revenue from it is atleast 4-6 quarters from now, So we can not Factor in that for now.

This Business is not Niche and very low entry barrier so you can not expect listing like APEX

There are peers with similar market cap,lower PE and better Profit margin.

So we can not expect fireworks in this.
Happy if it lists at higher price per Grey market, But it will not sustain there.

Logic and reality will Prevail over market exhuberance

I agree Varmaji. Check SHRENIK SME and you will be shocked. Pantomath is the LM and they can do wonders ... Just keep an eye on this and you will remember me forever ;)

1.lead manager will not run Business so Pantomath will not have any effect.
2.Shrenik business model is different. It is a sole distributor ( LIke a cartel) Monopoly business.

Compare apples to apples. :)