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Subam Papers IPO is a book build issue of ₹93.70 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹93.70 crore.
Subam Papers IPO bidding started from Sep 30, 2024 and ended on Oct 3, 2024. The allotment for Subam Papers IPO was finalized on Oct 4, 2024. The shares got listed on BSE SME on Oct 8, 2024.
Subam Papers IPO price band is set at ₹152.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,15,200 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,43,200.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Subam Papers IPO RHP for detailed Information.
| IPO Date | September 30, 2024 to October 3, 2024 |
| Listing Date | October 8, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹144 to ₹152 per share |
| Issue Price Final | ₹152 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 61,64,800 shares (aggregating up to ₹93.70 Cr) |
| Reserved for Market Maker | 3,08,800 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹4.69 Cr) |
| Net Offered to Public | 58,56,000 shares (aggregating up to ₹89.01 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,70,80,070 shares |
| Share Holding Post Issue | 2,32,44,870 shares |
Subam Papers IPO offers total 61,64,800 shares. Out of which 29,28,000 (47.50%) allocated to QIB, 11,71,200 (19.00%) allocated to QIB, 8,78,400 (14.25%) allocated to NII, 20,49,600 (33.25%) allocated to RII and 17,56,800 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,08,800 (5.01%) |
| QIB Shares Offered | 29,28,000 (47.50%) |
| − Anchor Investor Shares Offered | 17,56,800 (28.50%) |
| − QIB (Ex. Anchor) Shares Offered | 11,71,200 (19.00%) |
| NII (HNI) Shares Offered | 8,78,400 (14.25%) |
| Retail Shares Offered | 20,49,600 (33.25%) |
| Total Shares Offered | 61,64,800 (100.00%) |
Subam Papers IPO raises ₹26.70 crore from anchor investors. Subam Papers IPO Anchor bid date is September 27, 2024. Subam Papers IPO Anchor Investors list
| Bid Date | September 27, 2024 |
| Shares Offered | 17,56,800 |
| Anchor Portion Size (In Cr.) | 26.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 2, 2025 |
Subam Papers IPO opens on September 30, 2024, and closes on October 3, 2024.
| IPO Open Date | Mon, Sep 30, 2024 |
| IPO Close Date | Thu, Oct 3, 2024 |
| Tentative Allotment | Fri, Oct 4, 2024 |
| Initiation of Refunds | Mon, Oct 7, 2024 |
| Credit of Shares to Demat | Mon, Oct 7, 2024 |
| Tentative Listing Date | Tue, Oct 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 3, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,21,600 |
| Retail (Max) | 1 | 800 | ₹1,21,600 |
| HNI (Min) | 2 | 1,600 | ₹2,43,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. The company uses waste paper as a raw material.
As of March 31, 2024, the installed capacity for Kraft Paper was 300 metric tons per day (MTPD), resulting in a total annual capacity of 93,600 tons.
The company has the ability to manufacture and supply Kraft Paper and Duplex Boards in various shades. Their products offer GSM ranging from 120 to 300, Busting Factor of 16 to 35, and Deckle sizes from 2,000 MM to 4,400 MM, with reel diameters up to 1,400 MM. Additionally, they maintain a large raw material storage facility to ensure sufficient reserves, which enables consistent production of high-quality products for the packaging industry.
The products are used in various industries such as automobiles, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing, where packaging is essential.
The company has received the EN ISO 9001:2015 certificate for the manufacturing and marketing of packaging paper in 2023
Competitive Strength
As of September 2024, the company had 500 permanent employees.
Subam Papers Limited's revenue decreased by -3% and profit after tax (PAT) rose by 12574% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 46,046.1 | 41,434.65 | 39,418.33 |
| Total Income | 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 | |||
The market capitalization of Subam Papers IPO is ₹353.32 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 16.79% |
| ROCE | 20.84% |
| Debt/Equity | 0.92 |
| RoNW | 16.79% |
| PAT Margin | 6.77% |
| Price to Book Value | 1.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 19.57 | 14.38 |
| P/E (x) | 7.77 | 10.57 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
[Dilip Davda] The company is engaged in the business of manufacturing Kraft paper and other paper products. It marked inconsistency in its top line as well as the bottom lines for the reported periods. Based on FY24 earnings, the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Considering bright prospects for packaging industry, investors may park funds for medium to long term. Read detail review...
| Listing Date | October 8, 2024 |
| BSE Script Code | 544267 |
| NSE Symbol | |
| ISIN | INE0U6201010 |
| Final Issue Price | ₹152 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹152.00 |
| Open | ₹154.00 |
| Low | ₹144.00 |
| High | ₹154.70 |
| Last Trade | ₹152.15 |
Subam Papers Ltd.
S.F.No.143-146 Vaduganpatti
Village Nadukallur to Tirunelveli,
Tirunelveli, Tirunelveli Taluk- 627010,
Tirunelveli, Tamil Nadu
Phone: +91-9486303300
Email: info@subampapers.com
Website: http://www.subampapers.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Subam Papers IPO is a SME IPO of 61,64,800 equity shares of the face value of ₹10 aggregating up to ₹93.70 Crores. The issue is priced at ₹152 per share. The minimum order quantity is 800.
The IPO opens on September 30, 2024, and closes on October 3, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Subam Papers IPO using UPI as a payment gateway. Zerodha customers can apply in Subam Papers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Subam Papers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Subam Papers IPO opens on September 30, 2024 and closes on October 3, 2024.
Subam Papers IPO lot size is 800, and the minimum amount required for application is ₹1,21,600.
You can apply in Subam Papers 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 Subam Papers IPO will be done on Friday, October 4, 2024, and the allotted shares will be credited to your demat account by Monday, October 7, 2024. Check the Subam Papers IPO allotment status.
The Subam Papers IPO listing date is on Tuesday, October 8, 2024.
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