I am new in the IPO market and i want to apply for the Astron Paper & Board Mill Ltd IPO. What is the review of Astron Paper IPO? Please give me information about the pros and cons about this IPO? Should i invest in this IPO or not? This site looks good so please help me on this matter.
Astron Paper Review:
Price: Rs 45 to 50
Earnings per Share (EPS) Rs. 3.06
Equity Capital as on 31.3.2017
Equity Capital after the IPO: Rs.
Upper Price Band/last EPS: 16.34
Book Value of the Share as per last Balance sheet Rs. 13.94
Overall its a good IPO for a listing gains, allotment would be very tough. One can buy stocks from the open market.
Previous listings like Salasar Techno Engineering and Apex Frozen Foods is the example. It will give you good return.
Must Apply IPO for the listing gains.
Quick Review – IPO size is small. Allotment will be tough. Do not buy the shares at the high levels. IPO is good if you get allotment.
Company is small and making profit. So, you can apply for the IPO, But if you don’t get allotment, don’t buy it from markets. Its risky.