Bookbuilding IPO | ₹94 Cr | Listed at BSE SME | Mon, Sep 30, 2024 - Thu, Oct 3, 2024
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 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,21,600 (800 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 30, 2024
IPO Close
Thu, Oct 3, 2024
Issue Price
₹152 per share
Market Cap (Pre-IPO)
₹353.32 Cr
| IPO Date | 30 Sep to 3 Oct, 2024 |
| Listed on | Tue, Oct 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹144 to ₹152 |
| Issue Price | ₹152 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 61,64,800 shares (agg. up to ₹94 Cr) |
| Reserved for Market Maker | 3,08,800 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 58,56,000 shares (agg. up to ₹89 Cr) |
| Net Offered to Public | 58,56,000 shares (agg. up to ₹89 Cr) |
| Share Holding Pre Issue | 1,70,80,070 shares |
| Share Holding Post Issue | 2,32,44,870 shares |
| BSE Script Code | 544267 |
| ISIN | INE0U6201010 |
Subam Papers IPO comprises a total issue size of 61,64,800 shares. The net offer to the public is 58,56,000 shares, after excluding 3,08,800 shares allotted on a firm basis. Of the Net offer 29,28,000 (50.00%) are allocated to QIB, 8,78,400 (15.00%) allocated to NII 20,49,600 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,28,000 | 50.00% | 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 | 15.00% | 14.25% |
| Retail Shares Offered | 20,49,600 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,08,800 | 5.01% | |
| Total Shares Offered | 61,64,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
Subam Papers IPO raises ₹26.70 crore from anchor investors. Subam Papers IPO Anchor bid date is September 27, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 27, 2024 |
| Shares Offered | 17,56,800 |
| Anchor Portion (₹ Cr.) | 26.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Nov 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jan 2, 2025 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 460.46 | 414.35 | 394.18 |
| Total Income | 496.97 | 510.62 | 332.60 |
| Profit After Tax | 33.42 | -0.27 | 26.00 |
| NET Worth | 199.04 | 165.62 | 165.89 |
| Reserves and Surplus | 197.41 | 164.00 | 164.26 |
| Total Borrowing | 183.41 | 162.83 | 155.73 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Subsidiary for Financing its Capital Expenditure requirements | |
| 2 | General Corporate Purposes |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 19.57 | 14.38 |
| P/E (x) | 7.77 | 10.57 |
| Promoter Holding | 94.81% | 69.67% |
| Market Cap | ₹353.32 Cr. |
The Subam Papers IPO is subscribed 92.93 times on October 3, 2024 6:19:08 PM (Day 3). The public issue subscribed 48.97 times in the retail category, 57.18 times in the QIB category, and 243.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 57.18 | 11,71,200 | 6,69,74,400 |
| NII* | 243.16 | 8,78,400 | 21,35,93,600 |
| Retail | 48.97 | 20,49,600 | 10,03,78,400 |
| Total | 92.93 | 40,99,200 | 38,09,46,400 |
Total Applications: 1,70,555
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Managers | 0.50 |
| 2 | Underwriting Fees | 3.73 |
| 3 | Market Making Fees | 3.83 |
| 4 | Fees payable to Registrar to Issue | 0.05 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.05 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.10 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.14 |
| 10 | Payment to Sponsor Bank | 0.02 |
| 11 | Statutory & Other Reports | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹152.00 |
| Open | ₹142.00 |
| Low | ₹134.90 |
| High | ₹149.10 |
| Last Trade | ₹149.10 |
Lead Manager Reports
Subam Papers IPO is a SME IPO of 61,64,800 equity shares of the face value of ₹10 aggregating up to ₹94 Crores. The issue is priced at ₹152 per share. The minimum order quantity is 800.
The IPO opens on Mon, Sep 30, 2024, and closes on Thu, Oct 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 Mon, Sep 30, 2024 and closes on Thu, Oct 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 Mon, Oct 7, 2024. Check the Subam Papers IPO allotment status.
The Subam Papers IPO listing date is on Tue, Oct 8, 2024.
