Subam Papers IPO Subscription Status

Subam Papers' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 10.81 times oversubscription by 11:05:10 AM on day three. This response underscores the strong market appetite for Subam Papers' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 30th September 2024, has seen significant growth in investor participation across most categories. Subam Papers attracted bids for 4,43,31,200 equity shares amounting to ₹673.83 crore.

The Retail Investors segment, in particular, has shown overwhelming demand, followed by strong interest from Non-Institutional Investors (NII). The Qualified Institutional Buyers (QIB) have shown minimal participation so far.

Subscription Status of Subam Papers IPO for Days 1, 2, and 3:

Note: Market Maker portion is not included in NII/HNI.

Here are the subscription details for Subam Papers IPO as of Day 3 (3rd October 2024, 11:05:10 AM):

Total Applications: 79,847

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• The IPO of Subam Papers is currently subscribed 10.81 times, with exceptional demand from Retail Investors.
• Retail investors have shown overwhelming interest, with a subscription ratio of 15.85 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 13.48 times.
• Qualified Institutional Buyers (QIB) have shown minimal interest, with a subscription ratio of 0.00 times.
• The overall subscription trend increases significantly day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Subam Papers IPO - Day 2 Subscription at 3.29 Times

Key Highlights:

• On Day 2, Subam Papers' IPO was subscribed 3.29 times, with strong demand from Retail Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 5.47 times.
• Non-Institutional Investors (NII) showed moderate interest with a subscription ratio of 2.59 times.
• Qualified Institutional Buyers (QIB) showed no interest with a subscription ratio of 0.00 times.
• The overall subscription trend indicated building momentum, with retail and NII categories showing increased participation.

Subam Papers IPO - Day 1 Subscription at 0.44 Times

Key Highlights:

• The IPO of Subam Papers was subscribed 0.44 times on Day 1, with initial demand primarily from Retail Investors.
• Retail investors showed early interest with a subscription ratio of 0.75 times.
• Non-Institutional Investors (NII) showed minimal initial interest with a subscription ratio of 0.33 times.
• Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Subam Papers Limited:

Subam Papers Limited, incorporated in October 2006, is a manufacturer of Kraft Paper and paper products, utilizing waste paper as a raw material. With an installed capacity of 300 metric tons per day for Kraft Paper, resulting in an annual capacity of 93,600 tons, the company produces a wide range of paper products with varying GSM, Busting Factor, and Deckle sizes. Subam Papers caters to various industries including automobiles, textiles, FMCG, pharmaceuticals, and electronics, where packaging is essential. The company's strategic location near the Thamirabarani River provides a distinct advantage for water supply. For the financial year ending 31st March 2024, Subam Papers reported revenue of ₹496.97 crore, a 3% year-on-year decrease, while profit after tax (PAT) significantly improved to ₹33.42 crore. With 500 permanent employees as of September 2024, the company emphasizes sustainable packaging solutions, fully automated manufacturing processes, and the use of ERP technology for efficient inventory management in the competitive paper industry.

Read more about Subam Papers IPO

Highlights of the Subam Papers IPO:

• IPO Date: 30th September 2024 to 3rd October 2024
• Listing Date: 8th October 2024 (Tentative)
• 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
• Book Running Lead Manager: Gretex Corporate Services Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Gretex Share Broking