Subam Papers IPO will open for subscription from 30 September 2024. The company aims for an issue size of ₹93.70 Cr through this IPO.
Company Overview
| Full name | Subam Papers Limited |
| Sector | Paper |
| Industry | Paper & Paper Products |
| Company Website | https://subampapers.com/ |
About Company
Subam Papers is involved in the manufacturing of Kraft paper and paper products, positioning itself as a packaging solution provider. Unlike traditional paper manufacturers, the company does not use wood pulp for production. Instead, it utilizes waste paper as the primary raw material. The company’s products are widely used in industries such as automobiles, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing, where packaging plays a vital role.
The company is capable of manufacturing and supplying Kraft Paper and Duplex Boards in various shades. Their products feature a GSM range from 120 to 300, a Bursting Factor of 16 to 35, and Deckle sizes ranging from 2,000 MM to 4,400 MM, with reel diameters up to 1,400 MM. They also maintain a large raw material storage facility, ensuring ample reserves for consistent production of high-quality packaging products. As of September 2024, the company employed 500 permanent staff members.
In FY 2024, the installed capacity for Kraft Paper was 300 metric tons per day (MTPD), amounting to an annual capacity of 93,600 tons. The utilization of this capacity during the year reached 93,081 tons. In comparison, the utilization for the financial years ending on March 31, 2023, and March 31, 2022, was 83,691 tons and 82,371 tons, respectively.
The Objectives of the Issue
- Investment in a Subsidiary for Financing its Capital Expenditure requirements
- General Corporate Purposes
Subam Papers IPO Timetable
| IPO Opening date | 30 September 2024 |
| IPO Closing | 03 October 2024 |
| Basis of Allotment | 04 October 2024 |
| Initiation Refund | 07 October 2024 |
| Credit to Demat Account | 07 October 2024 |
| Listing Date | 08 October 2024 |
Subam Papers IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹93.70 Cr – 6,164,800 shares |
| Fresh Issue | ₹93.70 Cr – 6,164,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹144 to ₹152 per share |
| Lot size | 800 Shares |
| Market Maker portion | 308,800 shares |
| Shareholding pre-issue | 17,080,070 |
| Shareholding post-issue | 23,244,870 |
| Listing Exchange | BSE SME |
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 Offer Documents
Subam Papers IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 17,56,800 (28.5%) |
| Market Maker Shares Offered | 3,08,800 (5.01%) |
| QIB Shares Offered | 11,71,200 (19%) |
| NII (HNI) Shares Offered | 8,78,400 (14.25%) |
| Retail Shares Offered | 20,49,600 (33.25%) |
| Total Shares Offered | 61,64,800 (100%) |
Subam Papers Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 329.27 | 508.30 | 493.86 |
| Expenses | 297.92 | 505.66 | 451.17 |
| Net income | 26.00 | (0.27) | 33.42 |
Subam Papers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 15.98 | (0.16) | 20.53 |
| PE ratio | – | – | 7.01 – 7.40 |
| RONW (%) | 15.67 | (0.16) | 16.79 |
| NAV | 101.92 | 101.75 | 122.29 |
| ROCE (%) | 12.82 | 5.88 | 20.84 |
| EBITDA (%) | 12.37 | 6.19 | 14.72 |
| Debt/Equity | 0.94 | 0.98 | 0.92 |
Company Promoters
- Mr. T Balakumar
- Ms. Sudha Alagarsamy
Promoter Holding
| Pre Issue Share Holding | 94.81% |
| Post Issue Share Holding | 69.67% |
Subam Papers Offer GMP Update
Coming Soon
Subam Papers IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 11,71,200 | 8,78,400 | 20,49,600 | 40,99,200 |
| 3 Oct 2024 | 57.18 | 243.51 | 48.95 | 93.00 |
| 1 Oct 2024 | 0.00 | 4.58 | 6.77 | 4.37 |
| 30 Sep 2024 | 0.00 | 0.44 | 0.75 | 0.47 |
Subam Papers IPO Allotment Status
Subam Papers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Subam Papers IPO Listing Details
| Listing Date | 08 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Subam Papers IPO Lead Manager(s)
GRETEX CORPORATE SERVICES LIMITED
A- 401, Floor 4th, Plot FP-616, (PT), Naman Midtown,
Senapati Bapat Marg, Near Indiabulls, Dadar (W),
Delisle Road, Mumbai – 400013, Maharashtra, India
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Subam Papers Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Subam Papers Contact Details
SUBAM PAPERS LIMITED
S.F.No.143-146 Vaduganpatti Village
Nadukallur to Tirunelveli, Tirunelveli,
Tirunelveli Taluk- 627010, Tamil Nadu, India
Phone: +91 94863 03300
E-mail: info@subampapers.com
Website: www.subampapers.com
Subam Papers IPO FAQs
What is Subam Papers offer size?
Subam Papers offer size is ₹ 88.77 – 93.70 crores.
What is Subam Papers offer price band?
Subam Papers public offer price is ₹ 144 – 152 per share.
What is the lot size of Subam Papers IPO?
Subam Papers offer lot size is 800 shares.
What is Subam Papers IPO GMP today?
Subam Papers IPO GMP today is ₹ 27 per share.
What is Subam Papers kostak rate today?
Subam Papers kostak rate today is ₹ NA per application.
What is Subam Papers IPO Subject to Sauda rate today?
Subam Papers’s Subject to Sauda rate today is ₹ 15,500 per application.
Final thoughts
Subam Papers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
