Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Udaan Paper Industries Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.31 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Seren Capital 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 Udaan Paper Industries 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 | BSE SME |
| Total Issue Size | 30,72,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 30,72,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 72,00,000 shares |
| Share Holding Post Issue | 1,02,72,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Nov 12, 2025 |
| SEBI/Exchange approval received | Wed, Apr 1, 2026 |
| 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 |
Incorporated in May 1986, Udaan Paper Industries Ltd. manufactures corrugated boxes, which are essential for the safe handling, storage, and transportation of goods across various industries.
The company operates manufacturing facilities in Pithampur, Indore, and Kanpur(Uttar Pradesh).
The Company serves customers in the Fast-Moving Consumer Goods (FMCG) sector, focusing on packaged foods, bakery, dairy, and snacks, as well as the textile and garment manufacturing sector. Notable clients include Parle Biscuits, Mother Dairy, Akash Global Foods, Prataap Snacks, Mrs. Bectors, Maral Overseas, and Golden Food Products.
The company is certified to ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), ISO 45001:2018 (Occupational Health and Safety), ISO 10002:2018 (Customer Satisfaction), and Good Manufacturing Practices (GMP) for the production of corrugated boxes, sheets, and rolls.
The company's logistics rely on an in-house fleet of 26 trucks that deliver finished products from both manufacturing units to various regions.
As of September 30, 2025, the Company employs 21 permanent employees and engages 51 contractual personnel at its Pithampur facility in Indore (Unit I), along with 14 contractual personnel at its Kanpur facility in Uttar Pradesh (Unit II).
Competitive Strength:
Udaan Paper Industries Ltd.'s revenue increased by 32% and profit after tax (PAT) rose by 50% 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 | 53.37 | 57.98 | 43.31 | 39.16 |
| Total Income | 20.62 | 64.90 | 49.11 | 44.16 |
| Profit After Tax | 1.36 | 3.51 | 2.34 | -0.96 |
| EBITDA | 2.61 | 9.92 | 8.72 | 2.13 |
| NET Worth | 3.00 | 7.41 | 3.90 | 1.56 |
| Reserves and Surplus | 7.84 | 6.53 | 3.24 | 1.15 |
| Total Borrowing | 26.14 | 34.56 | 27.21 | 24.18 |
| 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 of capital expenditure towards expansion of existing Pithampur Manufacturing facility | 8.95 |
| 2 | Funding of Working Capital Requirements | 8.50 |
| 3 | General Corporate Purpose |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 62.11% |
| ROCE | 18.11% |
| Debt/Equity | 4.66 |
| RoNW | 47.39% |
| PAT Margin | 5.44% |
| EBITDA Margin | 15.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.97% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | |
| 2 | Underwriting Commission | |
| 3 | Brokerage and selling commission | |
| 4 | Fees Payable to Registrar to the Issue | |
| 5 | Fees Payable for Advertising and Publishing Expenses | |
| 6 | Fees Payable to Regulators including Stock Exchanges | |
| 7 | Payment for Printing & Stationery, Postage, etc. | |
| 8 | Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | |
| 9 | Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs) |
Lead Manager Reports
Udaan Paper Industries IPO is a SME IPO of 30,72,000 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 Udaan Paper Industries 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 BSE SME.
Zerodha customers can apply online in Udaan Paper Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Udaan Paper Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Udaan Paper Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Udaan Paper Industries IPO dates are not announced. Please check back again after some time.
Udaan Paper Industries IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Udaan Paper Industries 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 Udaan Paper Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Udaan Paper Industries IPO allotment status.
The Udaan Paper Industries IPO listing date is not yet announced. The tentative date of listing is .
