Initial public offering of 1,40,00,000* equity shares of face value of Rs.10 each (the equity shares) of Astron Paper & Board Mill Limited (the company or the issuer) for cash at a price of Rs.50* per equity share (including share premium of Rs.40 per equity share) (the issue price), aggregating to Rs.69.83 Crores** (the issue). The issue comprises a net issue to the public of 1,33,00,000* equity shares (the net issue) and reservation of 7,00,000* equity shares aggregating to Rs. 3.33 Crores for subscription by eligible employees (as defined herein) not exceeding 5% of the post-issue paid-up equity shares capital (the employee reservation portion). The issue would constitute 30.11 % of the post-issue paid-up equity share capital and the net issue to the public would constitue 28.60% of the post-issue paid-up equity share capital. The company, in consultation with the book running lead manager (brlm), offered a discount of Rs. 2.5 per equity share (equivalent to 5%) on the issue price to eligible employees (employee discount). The face value of the equity shares is Rs. 10 each.*subject to finalisation of basis of allotment**subject to finalization of basis of allotment and adjusted for employee discount of Rs.2.5 per equity share.The face value of the equity shares is Rs.10 each. The issue price is Rs.50 per equity share and is 5.0 times of the face value.