Abril Paper Tech IPO Details

Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Fri, Aug 29, 2025 - Tue, Sep 2, 2025

Abril Paper Tech IPO Logo

Abril Paper Tech IPO is a fixed price issue of ₹13.42 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹13.42 crore.

Abril Paper Tech IPO bidding started from Aug 29, 2025 and ended on Sep 2, 2025. The allotment for Abril Paper Tech IPO was finalized on Sep 3, 2025. The shares got listed on BSE SME on Sep 5, 2025.

Abril Paper Tech IPO price is ₹61 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,44,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,66,000.

Interactive Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is B.N.Rathi Securities Ltd..

Refer to Abril Paper Tech IPO DRHP for detailed Information.

IPO Open

Fri, Aug 29, 2025

IPO Close

Tue, Sep 2, 2025

Issue Price

₹61 per share

Market Cap (Pre-IPO)

₹48.69 Cr

IPO Details

IPO Date29 Aug to 2 Sep, 2025
Listed onFri, Sep 5, 2025
Face Value10 per share
Issue Price₹61 per share
Lot Size2,000 Shares
Sale TypeFresh capital only
Issue TypeFixed Price IPO
Listing AtBSE SME

Total Issue Size22,00,000 shares
(agg. up to ₹13 Cr)
Reserved for Market Maker
1,12,000 shares
(agg. up to ₹0.6832 Cr)
B.N.Rathi Securities Ltd.
Fresh Issue
(Ex Market Maker)
20,88,000 shares
(agg. up to ₹13 Cr)
Net Offered to Public20,88,000 shares
(agg. up to ₹13 Cr)
Share Holding Pre Issue57,81,840 shares
Share Holding Post Issue79,81,840 shares
BSE Script Code 544500
ISININE15MX01014

IPO Timetable

Issue Reservation

Abril Paper Tech IPO comprises a total issue size of 22,00,000 shares. The net offer to the public is 20,88,000 shares, after excluding 1,12,000 shares allotted on a firm basis. Of the Net offer 10,44,000 (50.00%) allocated to NII 10,44,000 (50.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
NII (HNI) Shares Offered 10,44,00050.00%47.45%
Retail Shares Offered 10,44,00050.00%47.45%
Firm Reservations
Market Maker Shares Offered 1,12,0005.09%
Total Shares Offered 22,00,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. 

Application Lots Shares Amount
Individual investors (Retail) (Min) 2 4,000 ₹2,44,000
Individual investors (Retail) (Max) 2 4,000 ₹2,44,000
HNI (Min) 3 6,000 ₹3,66,000
IPO Subscription Details

About Abril Paper Tech Ltd.

Incorporated in 2023, Abril Paper Tech is a leading manufacturer of Sublimation Heat Transfer Paper. It manufactures different types of paper from 30 GSM to 90 GSM of various sizes from 24 to 72 inches.

Its products are widely used in the digital printing industry, including printing, garments, textile, hosiery and household curtains and furniture.

Its manufacturing facility is located in Palsana, Gujarat.

Competitive strengths

  • Unique product quality
  • Wide geographical reach
  • Technological advancements
  • Product quality and consistency
  • Customization and range of Offerings
  • Price competitiveness

Company Financials (Restated)

Abril Paper Tech Ltd.'s revenue increased by 142% and profit after tax (PAT) rose by 52% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 2024
Assets12.978.13
Total Income60.9125.13
Profit After Tax1.410.93
EBITDA2.011.66
NET Worth10.525.64
Reserves and Surplus4.740.43
Total Borrowing1.07
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Capital Expenditure for purchase of machineries 5.40
2 Working Capital 5.00
3 General Corporate Purpose 2.01

Key Performance Indicator (KPI)

KPIMar 31, 2025
ROE18.03%
ROCE16.38%
Debt/Equity0.10
RoNW13.43%
PAT Margin2.32%
EBITDA Margin3.30%
Price to Book Value3.35
Pre IPOPost IPO
EPS (₹)2.441.77
P/E (x)24.9634.46
Promoter Holding85.2%61.71%
Market Cap48.69 Cr.
Vipul Dobariya, Ashvinbhai Lathiya and Prince Lathiya are the company promoters.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
APTL is engaged in the manufacturing and marketing of sublimation paper rolls and related products. After stagnant top lines for FY23 and FY24, it marked boosted top line for FY25. Quantum jump in bottom line for FY25 raise eyebrows and concern over its sustainability going forward. Based on recent financial data, the issue appears exorbitantly priced. Small equity base post-IPO indicates longer gestation period for migration. There is no harm in skipping this pricey offer being “High Risk/Low Return” bet.
Read detail review...

Abril Paper Tech IPO Recommendations

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Abril Paper Tech IPO Subscription Status (Bidding Detail)

The Abril Paper Tech IPO is subscribed 11.20 times on September 2, 2025 5:04:35 PM (Day 3). The public issue subscribed 16.79 times in the individual investors category, [.] times in the QIB category, and 5.51 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid forTotal Application
NII*5.5110,44,00057,52,0000
Individual Investors16.7910,44,0001,75,28,0000
Total11.2020,88,0002,33,92,0005,117

Total Application : 5,117

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Lead Manager Fees including Underwriting Commission 0.25
2 Brokerage, selling commission and Marketing 0.31
3 Registrar to the Issue 0.01
4 Legal Advisors 0.02
5 Advertising and marketing expenses 0.12
6 Regulators including stock exchanges 0.15
7 Printing and distribution of issue stationary 0.03
8 Others (Market Making fees etc.) 0.12

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price61.00
Open48.80
Low46.37
High51.24
Last Trade49.38

Check IPO Performance…

IPO Registrar

Kfin Technologies Ltd.

Contact Details

Abril Paper Tech Ltd. Address
238/3, Shiva Ind. Estate,
Jolva, Ta.,
Palsana
Surat, Gujarat, 394305
Open an Instant Account with Zerodha

IPO FAQs

Abril Paper Tech IPO is a SME IPO of 22,00,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000.

The IPO opens on Fri, Aug 29, 2025, and closes on Tue, Sep 2, 2025.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Abril Paper Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Abril Paper Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Abril Paper Tech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Abril Paper Tech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Abril Paper Tech IPO opens on Fri, Aug 29, 2025 and closes on Tue, Sep 2, 2025.

Abril Paper Tech IPO lot size is 2000, and the minimum amount required for application is ₹2,44,000, with 2 lots being the minimum application size.

You can apply in Abril Paper Tech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Abril Paper Tech IPO will be done on Wednesday, September 3, 2025, and the allotted shares will be credited to your demat account by Thu, Sep 4, 2025. Check the Abril Paper Tech IPO allotment status.

The Abril Paper Tech IPO listing date is on Fri, Sep 5, 2025.

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