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Subam Papers IPO is a book built issue of Rs 93.70 crores. The issue is entirely a fresh issue of 61.65 lakh shares.
Subam Papers IPO bidding started from September 30, 2024 and ended on October 3, 2024. The allotment for Subam Papers IPO was finalized on Friday, October 4, 2024. The shares got listed on BSE SME on October 8, 2024.
Subam Papers IPO price band is set at ₹144 to ₹152 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹243,200.
Gretex Corporate Services Limited is the book running lead manager of the Subam Papers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Subam Papers IPO is Gretex Share Broking.
Refer to Subam Papers IPO RHP for detailed information.
| IPO Date | September 30, 2024 to October 3, 2024 |
| Listing Date | October 8, 2024 |
| 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 |
| Share holding pre issue | 17,080,070 |
| Share holding post issue | 23,244,870 |
| Market Maker portion | 308,800 shares Gretex Share Broking |
Subam Papers IPO offers 61,64,800 shares. 11,71,200 (19%) to QIB, 8,78,400 (14.25%) to NII, 20,49,600 (33.25%) to RII and 17,56,800 (28.5%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 17,56,800 (28.5%) |
| Market Maker Shares Offered | 3,08,800 (5.01%) |
| QIB Shares Offered | 11,71,200 (19%) |
| NII (HNI) Shares Offered | 8,78,400 (14.25%) |
| Retail Shares Offered | 20,49,600 (33.25%) |
| Total Shares Offered | 61,64,800 (100%) |
Subam Papers IPO raises Rs 26.70 crore from anchor investors. Subam Papers IPO Anchor bid date is September 27, 2024. Subam Papers IPO Anchor Investors list
| Bid Date | September 27, 2024 |
| Shares Offered | 1,756,800 |
| Anchor Portion Size (In Cr.) | 26.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 3, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 2, 2025 |
Subam Papers IPO opens on September 30, 2024, and closes on October 3, 2024.
| 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 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹121,600 |
| Retail (Max) | 1 | 800 | ₹121,600 |
| HNI (Min) | 2 | 1,600 | ₹243,200 |
| Lot Size Calculator | |||
r The promoters of the Company are Mr. T Balakumar and Ms. Sudha Alagarsamy.
| Share Holding Pre Issue | 94.81% |
| Share Holding Post Issue | 69.67% |
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.
Subam Papers Limited's revenue decreased by -3% and profit after tax (PAT) rose by 12574% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||
The market capitalization of Subam Papers IPO is Rs 353.32 Cr.
KPI as of March 31, 2024.
| 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 |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
[Dilip Davda] The company is engaged in the business of manufacturing Kraft paper and other paper products. It marked inconsistency in its top line as well as the bottom lines for the reported periods. Based on FY24 earnings, the issue appears fully priced. It is operating in a highly competitive and fragmented segment. Considering bright prospects for packaging industry, investors may park funds for medium to long term. Read detail review...
The Subam Papers IPO is subscribed 92.93 times on October 3, 2024 6:19:08 PM. 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 (times) |
|---|---|
| QIB | 57.18 |
| NII | 243.16 |
| Retail | 48.97 |
| Total | 92.93 |
Total Application : 170,555 (66.57 times)
| Listing Date | October 8, 2024 |
| BSE Script Code | 544267 |
| NSE Symbol | |
| ISIN | INE0U6201010 |
| Final Issue Price | ₹152 per share |
Subam Papers Limited
S.F.No.143-146 Vaduganpatti
Village Nadukallur to Tirunelveli,
Tirunelveli, Tirunelveli Taluk- 627010,
Phone: +91-9486303300
Email: info@subampapers.com
Website: http://www.subampapers.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
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Check our SME IPO Guide 
Subam Papers IPO is a SME IPO of 6,164,800 equity shares of the face value of ₹10 aggregating up to ₹93.70 Crores. The issue is priced at ₹144 to ₹152 per share. The minimum order quantity is 800 Shares.
The IPO opens on September 30, 2024, and closes on October 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 September 30, 2024 and closes on October 3, 2024.
Subam Papers IPO lot size is 800 Shares, and the minimum amount required is ₹121,600.
You can apply in Subam Papers IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 Monday, October 7, 2024. Check the Subam Papers IPO allotment status.
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