Subam Papers IPO Details: The Subam Papers IPO will open on September 30, 2024, and close on October 3, 2024. This IPO follows a Book Built Issue format, aiming to raise approximately ₹93.70 crores. The offering includes a fresh issue of ₹93.70 crores and an offer for sale of [.] equity shares, each with a face value of ₹10.
The price band for the Subam Papers IPO is set between ₹144 and ₹152 per share. The allocation quota for retail investors is 35%, while Qualified Institutional Buyers (QIBs) are allotted 50%, and High Net Worth Individuals (HNIs) 15%. Subam Papers is expected to be listed on the BSE on October 8, 2024, with the allotment date scheduled for October 4, 2024.
In terms of financial performance, the company recorded a revenue of ₹496.97 crores in 2024, compared to ₹510.62 crores in 2023. Notably, Subam Papers reported a profit of ₹33.42 crores in 2024, a significant turnaround from the loss of ₹0.27 crores in 2023. Given these financials, long-term investors may find this IPO a promising opportunity.
Subam Papers IPO Objectives:
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects (“Objects of the Issue”):
- Investment in a Subsidiary for Financing its Capital Expenditure requirements
- General Corporate Purposes
Subam Papers IPO Review (Apply or Not)
- Apply
Subam Papers IPO Date & Price Band Details:
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 3, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹144 to ₹152 Per Share |
| Issue Size: | Approx ₹93.70 Crores |
| Fresh Issue: | Approx ₹93.70 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Subam Papers IPO Lot Size:
The minimum market lot for the Subam Papers IPO is 800 shares, requiring an application amount of ₹121,600.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹121,600 |
| Retail Maximum | 1 | 800 | ₹121,600 |
| HNI Minimum | 2 | 1,600 | ₹243,200 |
Subam Papers IPO Timeline:
The Subam Papers IPO will open on September 30 and close on October 3. The allotment is scheduled to be finalized on October 4, with the listing expected on October 8, 2024.
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 3, 2024 |
| Basis of Allotment: | October 4, 2024 |
| Refunds: | October 7, 2024 |
| Credit to Demat Account: | October 7, 2024 |
| IPO Listing Date: | October 8, 2024 |
Subam Papers IPO GMP Today:
The latest Grey Market Premium (GMP) for the Subam Papers SME IPO is ₹60, as of October 1, 2024, at 8:32 PM. With a price band of ₹152, the estimated listing price is ₹212 (cap price + today’s GMP). This suggests an expected percentage gain of 39.47% per share.
Promoters of Subam Papers IPO
The company’s promoters are Mr. T. Balakumar and Ms. Sudha Alagarsamy.
About Subam Papers
Subam Papers Limited, based in Vaduganpatti Village, Tirunelveli, Tamil Nadu, is a key player in the manufacturing of Kraft Paper and Paper Products. Established in 2004, the company initially specialized in the production of paper cones and later expanded its portfolio to include Duplex boards and Kraft paper.
Committed to environmental sustainability, Subam Papers operates with a strong focus on recycling. The company primarily uses wastepaper as the raw material for producing Kraft Paper and Duplex Board, ensuring eco-friendly practices in its operations.
As of the financial year ending March 31, 2024, Subam Papers had an installed capacity of 300 metric tons per day (MTPD) for Kraft Paper, totaling an annual capacity of 93,600 tons. During this period, the company utilized 93,081 tons of its Kraft Paper capacity. In 2012, Subam Papers expanded its operations to increase market share, and it continues to maintain a significant raw material storage facility, ensuring consistent production and supply of high-quality packaging materials.
Subam Papers IPO Company Financial Report
The company reported revenue of ₹496.97 crores in 2024 against ₹510.62 crore in 2023. The company reported profit of ₹33.42 crores in 2024 against loss of ₹0.27 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹332.60 | ₹297.92 | ₹26.00 | ₹394.18 |
| 2023 | ₹510.62 | ₹505.66 | ₹0.27 | ₹414.35 |
| 2024 | ₹496.97 | ₹451.17 | ₹33.42 | ₹460.46 |
Subam Papers IPO Valuation – FY2024
Check Subam Papers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 16.79% |
| ROCE: | 20.84% |
| EBITDA Margin: | 14.72% |
| PAT Margin: | 6.77% |
| Debt to equity ratio: | 0.92 |
| Earning Per Share (EPS): | ₹205.31 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 16.79% |
| Net Asset Value (NAV): | ₹122.29 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Pakka Limited | 11.21 | 22.36 | 17.25% | 64.36 | 404.00 Cr. |
| Shree Ajit Pulp And Paper Limited | 14.18 | 16.35 | 3.35% | 302.68 | 294.51 Cr. |
Subam Papers IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Company Address
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/
1. What are the Subam Papers IPO opening and closing dates?
- The Subam Papers 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 for the Subam Papers IPO is set between ₹144 and ₹152 per share.
3. What is the market lot size for the Subam Papers IPO?
- The minimum market lot is 800 shares, which requires an application amount of ₹121,600.
4. How much is Subam Papers planning to raise through the IPO?
- Subam Papers aims to raise approximately ₹93.70 crores through this IPO.
5. When will the allotment of Subam Papers IPO be finalized?
- The allotment for the Subam Papers IPO is expected to be finalized on October 4, 2024.
6. When is the Subam Papers IPO expected to be listed?
- The Subam Papers IPO is scheduled to be listed on the BSE on October 8, 2024.
7. What is the Grey Market Premium (GMP) for Subam Papers IPO?
- The latest GMP for the Subam Papers IPO, as of October 1, 2024, is ₹60.
8. What is the estimated listing price based on the current GMP?
- Based on the current GMP of ₹60 and a cap price of ₹152, the estimated listing price is ₹212 per share.
9. Who are the promoters of Subam Papers?
- The promoters of Subam Papers are Mr. T. Balakumar and Ms. Sudha Alagarsamy.
10. What does Subam Papers manufacture?
- Subam Papers is engaged in the manufacturing of Kraft Paper and Paper Products, including Duplex boards.
11. What is the company’s installed production capacity?
- As of March 31, 2024, Subam Papers has an installed capacity of 300 metric tons per day for Kraft Paper, amounting to an annual capacity of 93,600 tons.
12. How did Subam Papers perform financially in recent years?
- In 2024, Subam Papers reported revenue of ₹496.97 crores and a profit of ₹33.42 crores, marking a significant improvement from a loss of ₹0.27 crores in 2023.
13. What is Subam Papers’ sustainability initiative?
- Subam Papers is committed to environmental sustainability and primarily uses wastepaper as the raw material for manufacturing Kraft Paper and Duplex Board.
14. What percentage of the IPO is allocated for retail investors?
- 35% of the Subam Papers IPO is reserved for retail investors, while Qualified Institutional Buyers (QIBs) have a 50% allocation, and High Net Worth Individuals (HNIs) have 15%.
