Subam Papers IPO
IPO Details
- Open Date
30 Sep 2024
- Close Date
03 Oct 2024
- IPO Price Range
₹ 144 - ₹ 152
- IPO Size
₹ 93.70 Cr
- Listing Exchange
BSE SME
- Listing Date
08 Oct 2024
IPO Timeline
Subam Papers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Sep-24 | 0.00 | 0.44 | 0.75 | 0.47 |
| 01-Oct-24 | 0.00 | 2.59 | 5.47 | 3.29 |
| 03-Oct-24 | 57.18 | 243.16 | 48.97 | 92.93 |
Last Updated: 03 October 2024 6:30 PM by 5Paisa
Subam Papers IPO is set to open on 30 September 2024 and will close on 3 October 2024. Subam Papers makes Kraft paper and other paper products using recycled waste paper as the main raw material.
The IPO includes a fresh issue of 61.65 lakh shares aggregating ₹93.70 Cr and does not include OFS. The price range is set between ₹144 - ₹152 per share and the lot size is 800 shares.
The allotment is scheduled to be finalized on 4 October 2024. It will go public on BSE SME, with a tentative listing date of 8 October 2024.
Gretex Corporate Services Limited is the book running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Subam Papers IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | ₹93.70 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹93.70 Cr |
Subam Papers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹121,600 |
| Retail (Max) | 1 | 800 | ₹121,600 |
| HNI (Min) | 2 | 1,600 | ₹243,200 |
Subam Papers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 57.18 | 11,71,200 | 6,69,74,400 | 1,018.01 |
| NII (HNI) | 243.16 | 8,78,400 | 21,35,93,600 | 3,246.62 |
| Retail | 48.97 | 20,49,600 | 10,03,78,400 | 1,525.75 |
| Total | 92.93 | 40,99,200 | 38,09,46,400 | 5,790.39 |
Subam Papers IPO Anchor Allocation
| Anchor Bid Date | 27 September, 2024 |
| Shares Offered | 1,756,800 |
| Anchor portion Size (In ₹ Cr.) | 26.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | 3 November, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 2 January, 2024 |
1. Investment in a subsidiary.
2. General corporate purposes.
Subam Papers founded in October 2006, manufactures Kraft Paper and paper products using recycled waste paper as its raw material.
By 31 March 2024, the company had an installed capacity of producing 300 metric tons of Kraft Paper per day, adding up to an annual capacity of 93,600 tons.
They produce Kraft Paper and Duplex Boards in different shades with specifications like GSM (120 to 300), Busting Factor (16 to 35), and Deckle sizes (2,000 MM to 4,400 MM), with reel diameters up to 1,400 MM. The company also maintains a large storage facility for raw materials to ensure the smooth production of quality packaging products.
Their products are used in a wide range of industries, including automobiles, textiles, FMCG, food, pharmaceuticals, electronics, and printing, where packaging is essential.
In 2023, the company earned an EN ISO 9001:2015 certification for manufacturing and marketing packaging paper. As of September 2024, Subam Papers had 500 permanent employees.
Peers
Pakka Limited
Shree Ajit Pulp And Paper Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 496.97 | 510.62 | 332.50 |
| EBITDA | 72.72 | 31.49 | 40.72 |
| PAT | 33.42 | -0.27 | 26.00 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 460.46 | 414.35 | 394.18 |
| Share Capital | 1.63 | 1.63 | 1.63 |
| Total Borrowings | 183.41 | 162.83 | 155.73 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 43.60 | 71.63 | -2.54 |
| Net Cash Generated From / (used in) investing activities | -43.10 | -64.82 | -136.21 |
| Net Cash Generated From / (used in) financing activities | 2.91 | -7.05 | 141.14 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 3.31 | -0.25 | 2.38 |
Strengths
1. The company uses recycled waste paper as a raw material, which aligns with the growing demand for eco friendly packaging solutions. This not only helps reduce environmental impact but also cuts raw material costs.
2. Subam Papers maintains a large storage facility for raw materials, ensuring a steady supply and uninterrupted production. This enables the company to meet customer demand consistently and maintain product quality.
3. With a fully integrated facility, Subam Papers manages all stages of production in house, offering flexibility and cost control while maintaining the ability to produce a wide range of Kraft Paper and Duplex Board products.
Risks
1. While the company relies on recycled waste paper, fluctuations in the supply and cost of this material could affect production efficiency and profitability.
2. The paper manufacturing industry is highly competitive with several companies offering similar products. Subam Papers may face challenges in maintaining its market position especially in terms of pricing and innovation.
3. Demand for packaging materials is closely tied to the health of various industries such as FMCG, automobiles and textiles. Any economic downturn in these sectors could negatively impact the company’s sales and growth.
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FAQs
Subam Papers IPO opens from 30 September to 3 October 2024.
The size of the Subam Papers IPO is ₹93.70 Cr.
The price of the Subam Papers IPO is fixed at ₹144 - ₹152 per share.
To apply for Subam Papers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Subam Papers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Subam Papers IPO is 800 shares and the investment required is ₹1,15,200.
The share allotment date of Subam Papers IPO is 4 October 2024.
The Subam Papers IPO will be listed on 8 October 2024.
Gretex Corporate Services Limited is the book running lead manager for Subam Papers IPO.
Subam Papers plans to utilize the raised capital from the IPO for:
1. Investment in a subsidiary.
2. General corporate purposes.
Contact Information
Subam Papers
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/
Subam Papers IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Subam Papers IPO Lead Manager
Gretex Corporate Services Limited