IPO

Subam Papers Limited IPO

BSE SME

Listed On: Oct 8, 2024 at ₹ 142.0

₹ 243200 /1600 Shares
*Min Investment

Check Allotment

30 Sep, 2024

Open Date

03 Oct, 2024

Close Date

04 Oct, 2024

Allotment Date

08 Oct, 2024

Listing Date

Expected Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.

Subam Papers IPO Issue Details
  • Issue Price ₹144-152 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 61,64,800 shares(aggregating up to ₹93.7 crore)
  • Fresh Share 61,64,800 shares(aggregating up to ₹93.7 crore)
  • Listing at BSE SME
  • List Price 142.0
  • Listing Date 2024-10-08
  • Lead Manager Gretex Corporate Services Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)1800₹1,21,600
Retail(max)1800₹1,21,600
NII (min) 21,600₹2,43,200
Subam Papers IPO Reservation

Subam Papers IPO offers total 61,64,800 shares. Out of which 11,71,200 (19%) allocated to QIB, 8,78,400 (14.25%) allocated to NII,20,49,600 (33.25%) allocated to RII, NA (NA%) allocated to employees and 17,56,800 (28.5%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered17,56,800 (28.5%)
Market Maker Shares Offered3,08,800 (5.01%)
QIB Shares Offered11,71,200 (19%)
NII (HNI) Shares Offered8,78,400 (14.25%)
Retail Shares Offered20,49,600 (33.25%)
Total Shares Offered61,64,800 (100%)
Subam Papers IPO Documents
DRHP
RHP
Subam Papers IPO Details


Subam Papers Limited IPO is an SME IPO, priced at ₹144-152 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 61,64,800 equity shares, aggregating up to ₹93.7 crores..

The IPO bidding window is open from Sep 30, 2024 to Oct 3, 2024. The allotment is expected to be finalized on Oct 4, 2024, and the tentative listing date is Oct 8, 2024.

The minimum lot size for Retail investors is 800 shares, with a minimum investment of ₹1,21,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,43,200.

Gretex Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Gretex Share Broking Private Limited will act as the market maker for this issue.

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Subam Papers IPO Subscription Analysis And Details
Retail
48.97x
Total
92.93x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,171,200 / 1,187,2002,049,6004,099,200
Day 1 30-09-24 06:00 PM
0.00 / 0.33 x0.75 x0.44 x
Day 2 01-10-24 06:00 PM
0.00 / 2.59 x5.47 x3.29 x
Day 3 03-10-24 06:00 PM
57.18 / 243.16 x48.97 x92.93 x
Total No of Applications
170,555
Subam Papers Valuations
EPS Pre IPO ₹19.57/-
EPS Post IPO ₹14.38/-
P/E Pre IPO 7.77
P/E Post IPO 10.57
ROE 16.79%
ROCE 20.84%
Debt/Equity 0.92
RoNW 16.79%
PAT Margin 6.77
Price to Book Value 1.24
Subam Papers Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets46,046.141,434.6539,418.33
Revenue49,697.3151,062.3633,259.87
Profit After Tax3,341.8-26.792,600.23
Net Worth19,904.1216,562.3216,589.11
Reserves & Surplus19,741.3516,399.5516,426.34
Total Borrowing18,340.7716,282.6115,573.37
About Subam Papers Company

Subam Papers Limited is a company that manufactures Kraft Paper and paper products. The company uses waste paper as raw material. It was incorporated in October 2006.

Installed capacity for Kraft Paper as of March 31, 2024 was 300 MTPD, which meant a total annual capacity of 93,600 tons.

The company can manufacture and supply Kraft Paper and Duplex Boards in a variety of shades. Their products have GSM from 120 to 300, Busting Factor of 16 to 35, and Deckle sizes from 2,000 MM up to 4,400 MM with reel diameters up to 1,400 MM. It also keeps a huge raw material warehousing facility ensuring adequate reserve stock that helps them produce products of good quality on an ongoing basis for the packaging industry.

The products are utilized in various sectors, including automobiles, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing where packaging is significant.

The company was awarded the EN ISO 9001:2015 certificate for the production and marketing of packaging paper in 2023.

As of September 2024, the company had 500 permanent employees.

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Subam Papers - Promoter(s)

Mr. T Balakumar

Ms. Sudha Alagarsamy

Pre Issue Share Holding : 94.81%

Post Issue Share Holding : 69.67%

Subam Papers IPO - Issue Objectives
1

Investment in a Subsidiary for Financing its Capital Expenditure requirements.

2

General Corporate Purposes

Subam Papers IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Subam Papers Limited20.5320.53122.29N/A16.791.25Standalone
Pakka Limited11.2111.2164.3622.3617.253.91Standalone
Shree Ajit Pulp And Paper Ltd14.1814.18302.6816.353.350.76Standalone

Notes:

  1. Considering the nature and size of the Company's business, the peers are not strictly comparable. However, they have been included for broad comparison.
  2. Current Market Price (CMP) is the closing price of peer group scrips as on July 9, 2024.
Contact Details

Subam Papers

S.F.No.143-146 Vaduganpatti, Village Nadukallur to Tirunelveli, Tirunelveli, Tirunelveli Taluk- 627010

+91-9486303300

info@subampapers.com

http://www.subampapers.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html