Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Submarine Pens Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on to raise funds through Initial Public Offer (IPO).
Submarine Pens Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.37 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Submarine Pens IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 37,02,400 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 37,02,400 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,00,10,000 shares |
| Share Holding Post Issue | 1,37,12,400 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Dec 29, 2025 |
| SEBI/Exchange approval received |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Submarine Pens Ltd. is engaged in the manufacturing and distribution of writing instruments, specializing in ball pens and stationery products designed for everyday use, institutional demand, and mass consumer markets.
The company provides services including pen manufacturing, custom branding, bulk supply, packaging, and distribution, catering to schools, offices, corporates, and promotional merchandise requirements across India.
The company focuses on affordability, consistent quality, and efficient production, leveraging scalable manufacturing and supply chains to meet large-volume orders while adapting designs to evolving consumer preferences.
Product Portfolio:
Competitive Strengths:
Submarine Pens Ltd.'s revenue increased by 81% and profit after tax (PAT) rose by 115% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 19.68 | 16.71 | 7.46 | 4.75 |
| Total Income | 10.70 | 39.38 | 21.81 | 10.65 |
| Profit After Tax | 1.40 | 6.12 | 2.85 | 0.93 |
| EBITDA | 1.70 | 7.39 | 3.43 | 1.18 |
| NET Worth | 11.31 | 9.92 | 3.80 | 0.95 |
| Reserves and Surplus | 1.30 | 9.91 | 3.79 | 0.94 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for purchase of an industrial building for setting up a processing and assembly unit at Vasai, Palghar | 9.87 |
| 2 | Funding working capital requirements of the Company | 11.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 89.26% |
| ROCE | 74.83% |
| RoNW | 61.72% |
| PAT Margin | 15.58% |
| EBITDA Margin | 18.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 96.20% |
Lead Manager Reports
Submarine Pens IPO is a SME IPO of 37,02,400 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Submarine Pens IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Submarine Pens IPO using UPI as a payment gateway. Zerodha customers can apply in Submarine Pens IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Submarine Pens IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Submarine Pens IPO dates are not announced. Please check back again after some time.
Submarine Pens IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Submarine Pens 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 Submarine Pens IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Submarine Pens IPO allotment status.
The Submarine Pens IPO listing date is not yet announced. The tentative date of listing is .
