The Subam Papers IPO is set to open on September 30, 2024, and will close on October 3, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹93.70 crores through a fresh issue of the same amount and an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The price band for the Subam Papers IPO is fixed at ₹144 to ₹152 per share, with the allocation structured as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are expected to be listed on the BSE on October 8, 2024, and the allotment date is scheduled for October 4, 2024.
In terms of financial performance, the company reported a revenue of ₹496.97 crores in 2024, compared to ₹510.62 crores in 2023. Notably, the company turned a profit of ₹33.42 crores in 2024, recovering from a loss of ₹0.27 crores in the previous year. Given these financial results, long-term investors may find this IPO worth considering.
Subam Papers IPO 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% |
Subam Papers IPO IPO Market Lot
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 | ₹ 1,21,600 |
| Retail Maximum | 1 | 800 | ₹ 1,21,600 |
| HNI Minimum | 2 | 1,600 | ₹ 2,43,200 |
Subam Papers IPO Dates
The Subam Papers IPO opens on September 30 and closes on October 3. The allotment will be finalized on October 4, with the IPO listing scheduled for October 8.
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 1, 2024 |
| Basis of Allotment: | October 4, 2024 |
| Refunds: | October 7, 2024 |
| Credit to Demat Account: | October 7, 2024 |
| IPO Listing Date: | October 8, 2024 |
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Promoters of Subam Papers IPO
The promoters of Subam Papers are Mr. T. Balakumar and Ms. Sudha Alagarsamy.
About Subam Papers IPO
Subam Papers Limited is located in Vaduganpatti Village, Nadukallur to Tirunelveli, Tirunelveli Taluk- 627010, Tamil Nadu, India. The company specializes in the manufacturing of Kraft paper and paper products. Subam began its journey in 2004 by producing paper cones and later expanded its product range to include duplex board and Kraft paper.
The company is committed to environmental sustainability, operating on the principle of recycling. Subam Papers primarily uses waste paper as its raw material for producing Kraft paper and duplex board.
As of the financial year ending March 31, 2024, the company had an installed capacity of 300 metric tons per day (MTPD) for Kraft paper, resulting in a total annual capacity of 93,600 tons. During this period, the utilization of Kraft paper capacity reached 93,081 tons. Since 2012, the company has experienced growth and increased its market share through capacity expansion. Additionally, Subam Papers maintains a substantial raw material storage facility, ensuring consistent production of high-quality products for the packaging industry.
Subam Papers Limited Financial Information (Restated Consolidated)
Subam Papers Limited experienced a 3% decline in revenue while profit after tax (PAT) surged by an impressive 12,574% between the financial years ending March 31, 2024, and March 31, 2023.
Amount in Lakhs
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 46,046.10 | 41,434.65 | 39,418.33 |
| Revenue | 49,697.31 | 51,062.36 | 33,259.87 |
| Profit After Tax | 3,341.80 | -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 |
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 |
Objects of the Issue
Investment in a subsidiary to support its capital expenditure needs
General corporate purposes
Subam Papers IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: investor@bigshareonline.com
- Website: Bigshare IPO Status
IPO Lead Managers (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: Subam Papers
Subam Papers IPO FAQs
What is Subam Papers IPO?
Subam Papers IPO is an SME IPO aimed at raising ₹93.70 crores. The issue price ranges from ₹144 to ₹152 per equity share and will be listed on the BSE.
When will the Subam Papers IPO open for subscription?
The IPO opens on September 30, 2024, for QIBs, NIIs, and retail investors, and closes on October 3, 2024.
What is the investors’ portion for Subam Papers IPO?
The allocation for investors is as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can I apply for the Subam Papers IPO?
You can apply via ASBA online through your bank account, via UPI through your stock broker, or by filling out an offline form with your stock broker.
What is the issue size of Subam Papers IPO?
The issue size of Subam Papers IPO is ₹93.70 crores.
What is the price band for Subam Papers IPO?
The price band for Subam Papers IPO is ₹144 to ₹152.