Subam Papers IPO Date, Price, GMP, Review, Details: All You Need to Know
Subam Papers Limited is gearing up for its much-awaited IPO, and it’s generating a lot of buzz in the market. With a plan to raise ₹93.70 crores, this book-built issue opens up exciting opportunities for investors. Here’s everything you need to know about the Subam Papers IPO, including key dates, details, and reasons to consider investing in this fast-growing company.
Subam Papers IPO Schedule
Mark your calendar! The Subam Papers IPO opens on September 30, 2024, and closes on October 3, 2024. Here’s a quick look at the timeline:
| Event | Date |
|---|---|
| IPO Open Date | September 30, 2024 |
| IPO Close Date | October 3, 2024 |
| Allotment Finalization | October 4, 2024 |
| Refund Initiation | October 7, 2024 |
| Share Credit to Demat | October 7, 2024 |
| Listing Date (Tentative) | October 8, 2024 |
Subam Papers IPO Details
The Subam Papers IPO is offering a total of 61.65 lakh shares through a fresh issue. Here are the key details:
- Price Band: ₹144 to ₹152 per share
- Lot Size: 800 shares
- Minimum Investment (Retail): ₹121,600 (for 1 lot)
- Minimum Investment (HNI): ₹243,200 (for 2 lots)
- Issue Size: ₹93.70 crores
- Listing at: BSE SME
Promoters and Shareholding
The promoters of Subam Papers Limited are Mr. T Balakumar and Ms. Sudha Alagarsamy. After the IPO, their shareholding will decrease from 94.81% pre-issue to 69.67% post-issue.
Company Overview: Subam Papers Limited
Founded in October 2006, Subam Papers Limited specializes in the manufacturing of Kraft Paper and other paper products. The company uses recycled waste paper as its primary raw material, making it a sustainable and environmentally friendly business.
- Manufacturing Capacity: As of March 2024, the company boasts an installed capacity of 300 metric tons per day (MTPD), resulting in an annual capacity of 93,600 tons.
- Product Range: They produce Kraft Paper and Duplex Boards with GSM ranging from 120 to 300, and Busting Factor of 16 to 35.
- Industry Applications: Subam Papers caters to industries such as FMCG, automobiles, pharmaceuticals, and more, providing essential packaging materials.
Financial Performance
Subam Papers has shown significant financial growth, particularly in FY 2024 where their profit after tax (PAT) surged by an impressive 12,574% compared to the previous year.
| Financials (in ₹ lakhs) | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue | 49,697.31 | 51,062.36 | 33,259.87 |
| Profit After Tax | 3,341.8 | -26.79 | 2,600.23 |
| Assets | 46,046.1 | 41,434.65 | 39,418.33 |
Key Performance Indicators (KPI)
- ROE: 16.79%
- ROCE: 20.84%
- Debt/Equity Ratio: 0.92
Competitive Strengths
- Sustainable Practices: Subam Papers uses recycled waste paper, positioning itself as a leader in sustainable packaging solutions.
- Automated Manufacturing: The fully automated process enhances productivity and ensures high-quality products.
- ERP Technology: The use of ERP technology helps in tracking and controlling inventory efficiently.
Risks to Consider
- Dependency on Raw Material: The company heavily relies on waste paper as raw material. Any shortage or price fluctuation can impact profitability.
- Single Business Segment: Revenue is derived from a single business segment, increasing the risk related to market competition and demand.
Also Read: Paramount Dye Tec IPO 2024: Everything You Need to Know
FAQs: Subam Papers IPO
1. When does the Subam Papers IPO open and close?
The IPO opens on September 30, 2024, and closes on October 3, 2024.
2. What is the price band for the Subam Papers IPO?
The price band is set between ₹144 to ₹152 per share.
3. What is the minimum investment required for the Subam Papers IPO?
Retail investors need to invest a minimum of ₹121,600 for 800 shares (1 lot).
4. When will the shares be credited to my Demat account?
The shares will be credited on October 7, 2024.
5. When will Subam Papers IPO be listed?
The tentative listing date is October 8, 2024, on BSE SME.
6. Who is the lead manager for the IPO?
Gretex Corporate Services Limited is the bookrunning lead manager.
7. What are the anchor investors’ details?
Subam Papers raised ₹26.70 crores from anchor investors on September 27, 2024.
8. What is the company’s competitive advantage?
Subam Papers focuses on sustainable packaging solutions and has invested in advanced technologies to ensure efficient production.
With its commitment to sustainability and automation, Subam Papers IPO presents an exciting investment opportunity. Whether you’re a retail or HNI investor, the IPO offers a promising entry point into a growing industry. Don’t miss the opportunity to be part of this green initiative!
