The Subam Papers IPO is set to open on September 30, 2024, and will close on October 3, 2024. Moreover, this IPO follows a Book Built format, with the company aiming to raise approximately ₹93.70 crore. Specifically, the offering includes a fresh issue of ₹93.70 crore, along with an offer for sale of equity shares, each having a face value of ₹10.
Table of contents
- Subam Papers IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Subam Papers IPO GMP (Grey Market Premium)
- Subam Papers IPO Application Form PDF
- Subam Papers IPO Subscription Status
- Subam Papers IPO Allotment Status
- IPO Review
- Subam Papers IPO Registrar
- Subam Papers IPO Lead Manager
- Subam Papers Limited Contact
- FAQs
Subam Papers IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Subam Papers Limited |
| Industry | Paper and Packaging |
| IPO Issue Type | Book Built Issue |
| Open Date | September 30, 2024 |
| Close Date | October 03, 2024 |
| Total Issue Size | ₹93.70 Crores (6,164,800 Equity Shares) |
| Fresh Issue | ₹93.70 Crores (6,164,800 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹144 to ₹152 per share |
| Listing on | BSE SME |
| Lot Size | 800 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Subam Papers Limited is located at S.F.No.143-146 Vaduganpatti Village, Nadukallur to Tirunelveli, Tirunelveli Taluk- 627010, Tamil Nadu, India. The company specializes in manufacturing Kraft paper and paper products. Established in 2004, Subam initially focused on producing paper cones; however, it later broadened its product range to include Duplex board and Kraft paper.
Moreover, Subam is committed to environmental sustainability and operates on the principle of recycling, using wastepaper as its primary raw material for producing Kraft paper and Duplex board.
As of the financial year ending March 31, 2024, the company’s installed capacity for Kraft paper stood at 300 metric tons per day (MTPD), which resulted in an annual capacity of 93,600 tons. During this time, the utilization rate for Kraft paper was 93,081 tons. Following growth in 2012, Subam expanded its market presence through further capacity enhancements. Additionally, the company maintains a robust raw material storage facility, ensuring sufficient reserves to support the continuous production of high-quality packaging products.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 30, 2024 |
| IPO Close Date | October 3, 2024 |
| Basis of Allotment | October 4, 2024 |
| Refunds | October 7, 2024 |
| Credit to Demat Account | October 7, 2024 |
| IPO Listing Date | October 8, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹46,046.1 | ₹41,434.65 | ₹39,418.33 |
| Revenue | ₹49,697.31 | ₹51,062.36 | ₹33,259.87 |
| Profit After Tax | ₹3,341.8 | ₹(26.79) | ₹2,600.23 |
| Net Worth | ₹19,904.12 | ₹16,562.32 | ₹16,589.11 |
| Reserves and Surplus | ₹19,741.35 | ₹16,399.55 | ₹16,426.34 |
| Total Borrowing | ₹18,340.77 | ₹16,282.61 | ₹15,573.37 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹121,600 |
| Retail (Max) | 1 | 800 | ₹121,600 |
| HNI (Min) | 2 | 1,600 | ₹243,200 |
The objective of the Issue
- Investment in a subsidiary is aimed at financing its capital expenditure requirements.
- Additionally, funds will be allocated for general corporate purposes.
Company Promoters
- Mr. T Balakumar
- Ms. Sudha Alagarsamy
Subam Papers IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Subam Papers IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Subam Papers Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Subam Papers IPO Application Form PDF
To download the Subam Papers IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Subam Papers IPO Subscription Status
This IPO subscription kicks off on September 30, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Subam Papers IPO Allotment Status
To check the Subam Papers IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Subam Papers focuses on recycling paper waste, thereby offering sustainable packaging solutions that contribute to environmental preservation.
- Furthermore, the company benefits significantly from the strategic location of its factory, which enhances operational efficiency.
- Additionally, Subam has established effective inventory management practices, ensuring the timely availability of materials and products.
- Moreover, the fully integrated manufacturing facility allows for streamlined operations, enhancing product quality while reducing costs.
- The company has consistently demonstrated strong financial performance, reflecting its stability and growth potential.
- Lastly, Subam possesses the advantage of producing all grades of paper, thus catering to diverse market needs.
Risks:
- However, the company is currently facing outstanding litigation, and an adverse ruling could negatively impact its business, reputation, and operational results.
- Moreover, access to raw materials, particularly waste paper, is crucial for Subam’s business activities; any disruption could pose significant challenges.
- In addition, the company has received notices from the GST Department regarding discrepancies that may lead to demands against it, potentially harming its reputation and financial standing.
- Furthermore, Subam relies heavily on a limited number of key suppliers for its raw materials and has not established long-term agreements. Consequently, any inability to secure adequate supplies at competitive prices could adversely affect its operations and financial health.
- Finally, the company’s business model operates on a purchase order basis, which means it has not entered into long-term contracts with its customers, potentially leading to instability in revenue streams.
Subam Papers IPO 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 IPO Lead Manager
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 Limited Contact
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
FAQs
The Subam Papers IPO is categorized as an SME IPO, through which the company plans to raise ₹93.70 crore. Specifically, the issue price is set between ₹144 and ₹152 per equity share, and it will be listed on the BSE.
The IPO will open for subscription on September 30, 2024, and will be available for QIBs, NIIs, and retail investors until it closes on October 3, 2024.
The allocation for investors is structured as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for retail investors.
Investors can apply for the Subam Papers IPO through ASBA via their bank accounts. Additionally, they can utilize UPI through their stock brokers for online applications or fill out an offline form with their brokers.
In summary, the issue size for the Subam Paper’s IPO is ₹93.70 crore.
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