Subam Papers IPO Details
The Subam Papers IPO is a book build issue with a total issue size of ₹93.7 cr, comprising of fresh issue of 6164800 equity shares. Subam Papers IPO opened for subscription on Sep 30, 2024 and closed on Oct 03, 2024. Subam Papers IPO is set price band at ₹144 to ₹152 per share, with a lot size of 800 shares. Minimum investment for Retail investors was ₹243,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 04, 2024, and listed on both the NSE and BSE on Oct 08, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Gretex Corporate Services Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Subam Papers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 144 – 152
- Lot Size
- 800
- Issue Size
- ₹93.7 Cr
- Minimum Investment
- ₹243200 (1600 Shares)
- Listing Date
- 08 October 2024
Current GMP
₹12 (+7.89%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Subam Papers Limited
Subam Papers specializes in manufacturing Kraft paper and paper products, establishing itself as a provider of packaging solutions. Unlike conventional paper manufacturers, the company relies on waste paper as its primary raw material, rather than wood pulp. Its products are extensively used across various industries, including automotive, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing, where effective packaging is essential.
The company produces Kraft Paper and Duplex Boards in a range of colors, with a GSM (grams per square meter) spectrum from 120 to 300, a Bursting Factor between 16 and 35, and Deckle sizes ranging from 2,000 MM to 4,400 MM, along with reel diameters of up to 1,400 MM. They also operate a large raw material storage facility, ensuring a steady supply for the consistent production of high-quality packaging products. As of September 2024, Subam Papers employs 500 permanent staff members.
In the fiscal year 2024, the company had an installed capacity for Kraft Paper of 300 metric tons per day (MTPD), translating to an annual capacity of 93,600 tons. During this period, utilization reached 93,081 tons. In comparison, the utilization figures for the fiscal years ending March 31, 2023, and March 31, 2022, were 83,691 tons and 82,371 tons, respectively.
Subam Papers IPO Promoters
- Mr. T Balakumar
- Ms. Sudha Alagarsamy.
Promoters Holding
Holding Pre Issue
94.81%
Holding Post Issue
69.67%
Subam Papers IPO Objective
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
Address / Contact Info
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
IPO Snapshot
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Subam Papers IPO is a Book-building IPO with a total issue size of ₹93.7 crore. The Subam Papers IPO price band is ₹144 to 152 per share. The Subam Papers IPO subscription opens on Mon, Sep 30, 2024, and closes on Thu, Oct 3, 2024. The Subam Papers IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Subam Papers IPO.
The Subam Papers IPO opens on Mon, Sep 30, 2024 and closes on Thu, Oct 3, 2024
Subam Papers IPO Price Band is ₹144 to 152 per share.
Subam Papers IPO lot size is 800 shares, Retail investors need a minimum investment of ₹243200 based on the upper price band
The minimum investment for Subam Papers IPO is ₹243200, based on one lot of 800 shares at the upper price band of ₹152 per share.
Investors can apply for the Subam Papers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 3, 2024. The application amount remains blocked until the Subam Papers IPO allotment is finalized.
Subam Papers IPO issue size is ₹93.7 crores.
Subam Papers IPO allotment date is Wed, Jul 1, 2026.
The registrar for Subam Papers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Subam Papers IPO allotment status, refund processing, and other IPO-related information.
The Subam Papers IPO GMP (Grey Market Premium) is ₹12 as of Tue, Oct 8, 2024. Based on the upper price band of ₹152 per share, the estimated Subam Papers IPO listing price is ₹164, indicating a potential listing gain of approximately 0% over the issue price.