Abril Paper Tech IPO vs Fourfront IPO

Comparison between Abril Paper Tech IPO and Fourfront IPO.

IPO Details

Abril Paper Tech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Fourfront IPO is a SME Bookbuilding proposed to list at BSE SME.

	Abril Paper Tech IPO	Fourfront IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Interactive Financial Services Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	B.N.Rathi Securities Ltd.
DRHP	DRHP	DRHP
RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Abril Paper Tech IPO is up to ₹12.74 Cr whereas the issue size of the Fourfront IPO is up to ₹0.00 Cr. The final issue price of Abril Paper Tech IPO is ₹61.00 per share and of Fourfront IPO is .

	Abril Paper Tech IPO	Fourfront IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares
Fresh Issue Size	20,88,000 shares	65,00,000 shares
Fresh Issue Size (Amount)	up to ₹12.74 Cr	up to ₹0.00 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	20,88,000 shares	65,00,000 shares
Issue Size Total (Amount)	up to ₹12.74 Cr	up to ₹0.00 Cr

IPO Timetable

Abril Paper Tech IPO opens on Aug 29, 2025, while Fourfront IPO opens on . The closing date of Abril Paper Tech IPO and Fourfront IPO is Sep 02, 2025, and , respectively.

	Abril Paper Tech IPO	Fourfront IPO
Anchor Bid Date
Issue Open	Aug 29, 2025
Issue Close	Sep 02, 2025
Basis Of Allotment (Tentative)	Sep 03, 2025
Initiation of Refunds (Tentative)	Sep 04, 2025
Credit of Share (Tentative)	Sep 04, 2025
Listing date (Tentative)	Sep 05, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Abril Paper Tech IPO P/E ratio is 24.96, as compared to Fourfront IPO P/E ratio of .

Abril Paper Tech IPO

Fourfront IPO

Financials

EBITDA

Fourfront Limited Financial Information (Restated)

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	96.29	89.08	66.44	46.82
Total Income	72.27	130.23	71.97	53.20
Profit After Tax	9.52	20.99	13.62	10.23
EBITDA	15.96	32.20	20.79	15.82
Net Worth	63.30	55.78	39.91	30.86
Reserves and Surplus	46.46	55.74	39.86	30.80
Total Borrowing	6.86	10.36	10.14	7.25
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.20

100

Promoter Shareholding (Post-Issue)

61.71

P/E Ratio

24.96

Market Cap

₹48.69 Cr.

ROE

18.03%

43.88%

ROCE

16.38%

53.51%

Debt/Equity

0.10

0.19

EPS

₹2.44

RoNW

13.43%

37.64%

Shares Offered

In the Abril Paper Tech IPO Retail Individual Investors (RII) are offered 10,44,000 shares while in Fourfront IPO retail investors are offered 10,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Abril Paper Tech IPO and in Fourfront IPO.

	Abril Paper Tech IPO	Fourfront IPO
Anchor Investor Reserveration	0 shares
Market Maker Reserveration	1,12,000 shares
QIB	0 shares
NII	10,44,000 shares
RII	10,44,000 shares
Employee	0 shares
Others
Total	20,88,000 shares

Bids Received (Subscription)

Abril Paper Tech IPO subscribed 11.20x in total, whereas Fourfront IPO subscribed .

	Abril Paper Tech IPO	Fourfront IPO
QIB (times)
NII (times)	5.51x
Big NII (times)
Small NII (times)
RII (times)	16.79x
Employee (times)
Other (times)
Total (times)	11.20x

Compare with others

Abril Paper Tech IPO	Fourfront IPO
Shreeji Global FMCG IPO	JD Cables IPO
Simca Advertising IPO	Abril Paper Tech IPO
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Watrana Rentals IPO	Aptus Pharma IPO
Fourfront IPO	Vegorama Punjabi Angithi IPO
K K Silk Mills IPO	Sunsky Logistics IPO