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

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.

Subam Papers IPO Objectives

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

1. Investment in a Subsidiary for Financing its Capital Expenditure requirements
2. 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

Subam Papers IPO Reservation

Subam Papers IPO Timeline

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