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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Setting up additional manufacturing facility
Establishing a new manufacturing unit for lower GSM and lower B.F. Kraft paper.
Partial repayment of borrowings
Prepayment and partial repayment of unsecured loans availed by the company.
Working capital requirements
Funding ongoing operational and working capital requirements.
No documents added yet.
(₹ in Crore)
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Astron Paper & Board Mill Limited, established in 2010 and headquartered in Ahmedabad, Gujarat, is an Indian manufacturer specializing in Kraft paper and paperboard. The company converts waste paper and recycled fiber into high-grade paper products primarily utilized in the packaging industry for manufacturing corrugated boxes, liners, and outer packaging containers. The company operates manufacturing facilities located in Halvad, Gujarat. Its production infrastructure utilizes waste paper as its principal raw material, maintaining ISO 9001, ISO 14001, and FSC quality and environmental certifications. The facility is equipped with automated machinery capable of producing Kraft paper across varied GSM and bursting factor specifications to meet the requirements of packaging manufacturers across regional and domestic markets. Through its Initial Public Offering in December 2017, the company raised funds to expand its manufacturing footprint by setting up an additional unit for lower GSM Kraft paper, partially repaying outstanding borrowings, and meeting working capital requirements. Astron Paper serves clients across the packaging, logistics, consumer goods, and industrial supply chains.
No anchor investors added yet.
Source: RHP • Analysis provided for informational purposes
Last Updated: 30 July 2026, 4:05 PM
Established Manufacturing Base
Operates dedicated production units in Gujarat with certified quality standards for manufacturing Kraft paper.
Eco-friendly Raw Material Sourcing
Utilizes waste paper as the core input material, supporting sustainable recycling operations.
Diverse Product Specifications
Produces Kraft paper across a range of GSM and bursting factor ratings to fulfill varied packaging requirements.
Raw Material Price Volatility
Fluctuations in the availability and pricing of waste paper could impact operating margins.
Geographic Concentration Risk
Manufacturing operations are concentrated in Gujarat, exposing the business to regional supply chain disruptions.
Working Capital Intensity
High working capital requirements are necessary to sustain raw material inventories and customer credit cycles.
Astron Paper & Board Mill Ltd
D-702, 7th Floor, Ganesh Meridian, Opposite High Court, S.G. Highway, Ahmedabad - 380060, Gujarat, India
View on Maps →MUFG Intime India Private Limited
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