Subam Papers Limited IPO Details
SME
Subam Papers IPO opens for subscription on 30 Sep 2024 and closes on 03 Oct 2024. The IPO will be listed on BSE with the tentative listing date set for 08 Oct 2024.
Subam Papers IPO price band has been fixed at ₹144 – ₹152 per share.The face value is ₹10 per share with a lot size of 800.
Subam Papers IPO total issue size comprises 61,64,800 shares (aggregating up to ₹93.70 Cr). This includes a fresh issue of 61,64,800 shares (aggregating up to ₹93.70 Cr). Pre-issue shareholding stands at 1,70,80,070, which will increase to 2,32,44,870 post-issue.
Subam Papers IPO carries a ₹24 (15.8%) GMP, reflecting investor sentiment.
Subam Papers IPO Lot Size : Retain Minimum is 1 lot (800 shares) amounting to ₹121,600. Retain Maximum is 1 lot (800 shares) amounting to ₹121,600. SHNI Minimum is 2 lots (1,600 shares) amounting to ₹243,200.
The Lead Managers for Subam Papers IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Gretex Corporate Services Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Gretex Share Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Subam Papers Limited RHP.
Subam Papers IPO Details
Subam Papers IPO Subscription
Subam Papers IPO Application Wise Breakup
Subam Papers IPO Dates
- 30 Sep 2024Opening dateOPD
- 03 Oct 2024Closing dateCOD
- 04 Oct 2024Allotment Date BOA
- 07 Oct 2024Initiation of RefundsIOR
- 07 Oct 2024Credit of SharesCOS
- 08 Oct 2024Listing dateLID
Subam Papers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 800 | ₹121,600 |
| Retain Maximum | 1 | 800 | ₹121,600 |
| SHNI Minimum | 2 | 1600 | ₹243,200 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Subam Papers IPO Reservation
Promoter Holding
Subam Papers IPO Valuations
Subam Papers Financial Information
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 | ||||||||||||||||||||||||||||||
About Subam Papers IPO
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
- Paper waste recycle and Sustainable packaging solutions.
- Investment in water pumping stations and connecting pipelines, ensuring efficient water distribution throughout the facility. The strategic location near the Thamirabarani River, just 6 km away, provides a distinct advantage.
- Use of ERP Technology to track and control inventory
- Fully automated manufacturing process enhancing productivity
As of September 2024, the company had 500 permanent employees.
Strength Of Subam Papers IPO
1. Paper waste recycle and Sustainable packaging solutions.
2. Significant Advantage Due to Proximity of Subam's Factory Location.
3. Efficient Inventory Management.
4. Fully Integrated Manufacturing Facility.
5. Consistent Financial Performance.
6. Advantage of producing all grades of Paper.
Risk Of Subam Papers IPO
1. We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
2. The availability of raw material, i.e. waste paper is very crucial for our business activities.
3. We have received certain notices from the GST Department indicating huge discrepancies which may translate into Demand against us and potentially harming our business, reputation, and financial performance.
4. We highly depend on our major raw materials and a few key suppliers who help us procure the same. Our Company has not entered into long-term agreements with its suppliers for the supply of raw materials. In the event we are unable to procure adequate amounts of raw materials, at competitive prices our business, results of operations and financial condition may be adversely affected.
5. We conduct our business activities on a purchase order basis and therefore have not entered into long-term agreements with our customers.
6. Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition. We require a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of our business. Some of the approvals are required to be obtained by our Issuer Company and any failure or delay in obtaining the same in a timely manner may adversely affect our operations.
7. We have entered into related party transactions in the past and may continue to do so in the future.
8. We are exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact the results of operations.
9. Our Company has extended corporate guarantee to secure the debt facilities availed by our Wholly Owned Subsidiary.
10. We have certain contingent liabilities as on date of this Red Herring Prospectus that have not been provided for in our Company's financials which if materialized, could adversely affect our financial condition.
Objectives Subam Papers IPO
- Investment in a Subsidiary for Financing its Capital Expenditure requirements
- General Corporate Purposes
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports