Subam Papers Limited (BSE SME)

Sep 30, 2024 - Oct 3, 2024

Price ₹144 - ₹152
Premium ₹12
Lot size 800
Allotment Oct 4, 2024
Listing Oct 8, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 800 121600 2562
HNI 2 1600 243200 1098

Last updated on 03-Oct-2024 18:01:03

CategoryOfferedAppliedTimes
QIBs11712006697440057.18
HNIs878400213902400243.51
Retail204960010037840048.97
Total409920038125520093.01
Total Applications: 170555
HNI Interest Cost Per Share (7 Days)
@7%
₹49.69
@8%
₹56.79
@9%
₹63.89
@10%
₹70.98
@11%
₹78.08
@12%
₹85.18
About

Subam Papers IPO Details

Issue Size6,164,800 shares
(aggregating up to ₹93.70 Cr)
Fresh Issue6,164,800 shares
(aggregating up to ₹93.70 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue17,080,070
Share holding post issue23,244,870
Market Maker portion308,800 shares
Gretex Share Broking

Subam Papers IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE16.79%-0.16%15.67%
ROCE20.84%5.88%12.82%
RONW16.79%-0.16%15.67%
D/E0.920.980.94
EPS
(Diluted)
20.53-0.1615.98
P/E
Pre IPO
7.77
P/E
Post IPO
10.57

Company Financials

Subam Papers Limited Financial Information (Restated Consolidated)

Subam Papers Limited's revenue decreased by -3% and profit after tax (PAT) rose by 12574% between the financial year ending with March 31, 2024 and March 31, 2023.

PeriodMar 2024Mar 2023Mar 2022
Assets46,046.141,434.6539,418.33
Revenue49,697.3151,062.3633,259.87
Profit3,341.8-26.792,600.23
Net Worth19,904.1216,562.3216,589.11
Reserves19,741.3516,399.5516,426.34
Borrowing18,340.7716,282.6115,573.37
Amount in ₹ Lakhs

About Company

Subam Papers Limited, incorporated in October 2006, is a leading manufacturer of Kraft paper and related products, utilizing waste paper as its primary raw material. As of March 31, 2024, the company operates with an installed capacity of 300 metric tons per day (MTPD), translating to an annual production capacity of 93,600 tons. Subam Papers offers a diverse range of Kraft paper and Duplex Boards in various shades, with GSM options from 120 to 300, Busting Factors ranging from 16 to 35, and Deckle sizes between 2,000 MM and 4,400 MM, along with reels of up to 1,400 MM in diameter. The company's substantial raw material storage facility ensures continuous production, providing high-quality packaging solutions across industries such as automotive, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing. In 2023, Subam Papers was awarded the EN ISO 9001:2015 certification, recognizing its commitment to quality in the manufacturing and marketing of packaging paper.

Lead Manager(s)

Gretex Corporate Services Limited

Strength

Sustainability Focus: Commitment to recycling paper waste and providing eco-friendly packaging solutions supports environmental sustainability and appeals to eco-conscious industries.

Efficient Water Management: Strategic investments in water pumping stations and pipelines ensure reliable water supply from the nearby Thamirabarani River, enhancing production efficiency.

Advanced ERP Integration: Implementation of ERP technology enables precise inventory tracking and management, optimizing operational efficiency and reducing waste.

Weakness

Outstanding Litigation: Ongoing legal disputes could lead to unfavorable outcomes, negatively impacting the company's business, reputation, and operational results.

Raw Material Dependency: The business relies heavily on the availability of waste paper, and any disruption in supply could hinder production and profitability.

GST Discrepancies: Notices from the GST Department regarding significant discrepancies may result in financial liabilities, damaging the company's financial health and reputation.

Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html