Subam Papers Limited IPO

NiftyTrader • September 27, 2024

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Subam Papers Limited IPO

Subam Papers Limited IPO opens on September 30, 2024, and closes on October 3, 2024. The allotment for the Subam Papers IPO is expected to be finalized on Friday, October 4, 2024. Subam Papers IPO will be listed on BSE SME with a tentative listing date fixed as Tuesday, October 8, 2024.

Subam Papers IPO price band is set at ₹144 to ₹152 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹243,200.

Subam Papers IPO is a book-built issue of Rs 93.70 crores. The issue is entirely a fresh issue of 61.65 lakh shares.

Subam Papers IPO Details

IPO Date	September 30, 2024 to October 3, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹144 to ₹152 per share
Lot Size	800 Shares
Total Issue Size	6,164,800 shares (aggregating up to ₹93.70 Cr)
Fresh Issue	6,164,800 shares (aggregating up to ₹93.70 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Shareholding pre-issue	17,080,070
Shareholding post-issue	23,244,870

Subam Papers IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹121,600
Retail (Max)	1	800	₹121,600
S-HNI (Min)	2	1600	₹243,200

Subam Papers IPO Objectives

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):

Investment in a Subsidiary for Financing its Capital Expenditure requirements
General Corporate Expenses

About Subam Papers Limited

Subam Papers Limited, established in October 2006, manufactures Kraft Paper and paper products using recycled waste paper, with an annual capacity of 93,600 tons as of March 31, 2024. The company offers a range of products, including Kraft Paper and Duplex Boards, catering to various industries such as automobiles, textiles, FMCG, and pharmaceuticals. Certified with EN ISO 9001:2015 in 2023, Subam Papers emphasizes sustainability through paper recycling and has invested in efficient water distribution systems, leveraging its proximity to the Thamirabarani River. Additionally, the company utilizes ERP technology for inventory management and operates a fully automated manufacturing process, supported by a workforce of 500 permanent employees as of September 2024.

Subam Papers Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	46,046.1	41,434.65	39,418.33
Revenue	49,697.31	51,062.36	33,259.87
Profit After Tax	3,341.8	-26.79	2,600.23
Net Worth	19,904.12	16,562.32	16,589.11
Reserves and Surplus	19,741.35	16,399.55	16,426.34
Total Borrowing	18,340.77	16,282.61	15,573.37
			Amount in ₹ Lakhs

Subam Papers IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Subam Papers IPO Timeline

Subam Papers IPO opens on September 30, 2024, and closes on October 3, 2024.

IPO Open Date	Monday, September 30, 2024
IPO Close Date	Thursday, October 3, 2024
Basis of Allotment	Friday, October 4, 2024
Initiation of Refunds	Monday, October 7, 2024
A credit of Shares to Demat	Monday, October 7, 2024
Listing Date	Tuesday, October 8, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 3, 2024