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20 Nov 2024
Subam Papers Limited IPO, GMP, Details, Price, And Review
Subam Papers Limited, a company engaged in paper products and kraft paper manufacturing, proudly calls themselves the packaging solution offering company. Beginning its journey in 2004, the company manufactures paper cones. It even expanded its product base with the addition of Duplex Board and Kraft Paper to its portfolio. Further, the company isn’t like traditional paper manufacturers as they don’t produce the products using wood pulp. Instead, it uses waste paper as raw material for the Duplex Board and Kraft Papers. Subam Papers Limited, with this initiative, aims to preserve mother nature. They tend to drive the company with the principle of recycling.
- ● Issue Size: ₹93.70 crores
- ● Type: Fresh issue
- ● Total Shares Offered: 61.65 lakh shares
- ● Price Band: ₹144 to ₹152 per share
- ● Minimum Lot Size: 800 shares (₹115,200 to ₹121,600 per lot) Subscription Details
- ● Open Date: September 30, 2024
- ● Close Date: October 3, 2024 Key Participants
- ● Book Running Lead Manager: Gretex Corporate Services Limited
- ● Registrar: Bigshare Services Pvt Ltd
- ● Market Maker: Gretex Share Broking
Subam Papers IPO Overview:
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Subam Papers Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 08-10-2024 | 152 | 12 (7.89%) | 08-Oct-2024 12:28 |
| 07-10-2024 | 152 | 24 (15.79%) | 07-Oct-2024 12:15 |
| 04-10-2024 | 152 | 24 (15.79%) | 04-Oct-2024 12:28 |
| 03-10-2024 | 152 | 18 (11.84%) | 03-Oct-2024 12:52 |
| 01-10-2024 | 152 | 60 (39.47%) | 01-Oct-2024 12:15 |
| 30-09-2024 | 152 | 60 (39.47%) | 30-Sep-2024 12:30 |
| 28-09-2024 | 152 | 28 (18.42%) | 28-Sep-2024 12:15 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Subam Papers IPO Overview
| Detail | Description |
|---|---|
| IPO Date | September 30, 2024 to October 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹144 to ₹152 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 6,164,800 shares (aggregating up to ₹93.70 Cr) |
| Fresh Issue | 6,164,800 shares (aggregating up to ₹93.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 17,080,070 |
| Shareholding post issue | 23,244,870 |
| Market Maker portion | 308,800 shares Gretex Share Broking |
Subam Papers IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Monday, September 30, 2024 |
| IPO Close Date | Thursday, October 3, 2024 |
| Basis of Allotment | Friday, October 4, 2024 |
| Initiation of Refunds | Monday, October 7, 2024 |
| Credit of Shares to Demat | Monday, October 7, 2024 |
| Listing Date | Tuesday, October 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2024 |
Subam Papers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹121,600 |
| Retail (Max) | 1 | 800 | ₹121,600 |
| HNI (Min) | 2 | 1,600 | ₹243,200 |
Subam Papers Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Subam Papers IPO Promoter Holding
| Share Holding Pre Issue | 94.81% |
| Share Holding Post Issue | 69.67% |
Company & Financials
Subam Papers Limited was incorporated in October 2004 as a manufacturer of paper products and Kraft Papers. They use waste paper as their raw materials. As of March 31, 2024, Kraft Paper’s installed capacity of the company was 300 metric tons per day (MTPD). It resulted in 93,600 tons of total annual capacity. They even maintain a sizeable raw material storage facility for ensuring sufficient amount of reserves, thereby enabling consistent production within the high-quality products for the packaging industry. Furthermore, the products manufactured are used in various industries, including textiles, food, FMCG, distilleries, automobiles, electrical and electronics, pharmaceuticals, and printing, wherein the packaging remains essential.
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Competitive Strengths:
- ● Recycling paper waste.
- ● Offering sustainable packaging solutions.
- ● Investment within water pumping stations and the connecting pipelines, thereby ensuring efficient water distribution all throughout the facility.
- ● To have a strategic location closer to Thamirabarani River (6km away), it offers a distinct advantage.
- ● ERP tech is used to track as well as control the inventory.
- ● Having a fully automated manufacturing process helps to enhance productivity.
Subam Papers Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||||||||||||
| Assets | 46,046.1 | 41,434.65 | 39,418.33 | |||||||||||||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.79% |
| ROCE | 20.84% |
| Debt/Equity | 0.92 |
| RoNW | 16.79% |
| P/BV | 1.24 |
| PAT Margin (%) | 6.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 19.57 | 14.38 |
| P/E (x) | 7.77 | 10.57 |
Objectives of Subam Papers IPO
Net Fresh Issue Proceeds are intended by the company to be used for the following Objectives:
Subam Papers IPO Review
It will be updated soon.
FAQs for Subam Papers IPO
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Which IPO is being launched by Subam Papers?
The company is launching a SME IPO that will be listed on BSE. It is expected to raise ₹93.70 Crores through the issue that’s priced at ₹144 to ₹152 per equity share.
-
When does the subscription for Subam Papers IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 30, 2024, and closes on October 3, 2024.
-
What is Subam Papers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the issue size of Subam Papers IPO?
₹93.70 Crores is Subam Papers IPO issue size.
-
What is the Price Band for Subam Papers IPO?
₹144 to ₹152 is the Price Band for Subam Papers IPO.
-
What is the lot size of Subam Papers IPO?
800 Shares with ₹121,600 amount is the lot size.
-
What is the Allotment date for Subam Papers IPO?
October 4, 2024, is the allotment date for Subam Papers IPO.
-
What is the listing date for the Subam Papers IPO?
October 8, 2024, is the listing date for Subam Papers. The IPO will be listed on the NSE.
-
What is Subam Papers current GMP?
The current GMP of Subam Papers is 12 (7.89%).
RHP:
RHP of Subam Papers Limited IPO
DRHP:
DRHP of Subam Papers Limited IPO
-
Which IPO is being launched by Subam Papers?
The company is launching a SME IPO that will be listed on BSE. It is expected to raise ₹93.70 Crores through the issue that’s priced at ₹144 to ₹152 per equity share.
-
When does the subscription for Subam Papers IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 30, 2024, and closes on October 3, 2024.
-
What is Subam Papers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the issue size of Subam Papers IPO?
₹93.70 Crores is Subam Papers IPO issue size.
-
What is the Price Band for Subam Papers IPO?
₹144 to ₹152 is the Price Band for Subam Papers IPO.
-
What is the lot size of Subam Papers IPO?
800 Shares with ₹121,600 amount is the lot size.
-
What is the Allotment date for Subam Papers IPO?
October 4, 2024, is the allotment date for Subam Papers IPO.
-
What is the listing date for the Subam Papers IPO?
October 8, 2024, is the listing date for Subam Papers. The IPO will be listed on the NSE.
-
What is Subam Papers current GMP?
The current GMP of Subam Papers is 12 (7.89%).
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