Subam Papers IPO Subscription Status began on Monday, September 30, 2024, and will conclude on October 3, 2024. Notably, the IPO aims to raise approximately ₹93.70 crores. In terms of allocation, the retail quota is set at 35%, while Qualified Institutional Buyers (QIB) will receive 50%, and Non-Institutional Investors (NII) will account for 15%. Furthermore, the price band is fixed between ₹144 and ₹152 per equity share.
The IPO consists of a minimum market lot of 800 Shares requiring an application amount of ₹121,600. Subam Papers is an SME IPO that will be listed on the BSE.
Also read: Subam Papers IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
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.
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We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Subam Papers IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 57.18 |
| NII | 0.33 | 2.59 | 243.16 |
| RII | 0.75 | 5.47 | 48.97 |
| Total | 0.44 | 3.29 | 92.93 |
Subam Papers IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Subam Papers
- May Apply
Subam Papers IPO Form
To apply for the Subam Papers, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
Additionally, The IPO subscription starts on September 30, 2024, for QIB, NII, and retail investors.
Firstly, You can opt for ASBA or non-ASBA options. Apply online via your bank account or download and submit the physical form.
Moreover, visit our portal for hourly updated live IPO subscription numbers from official websites.
To apply through Zerodha, log in to the Zerodha Console, go to Portfolio, click on IPO, select “Subam Papers,” enter your UPI ID, quantity, and price, and submit. Next, approve the mandate in your UPI app.
Similarly, log in to the Upstox app, select the IPO “Subam Papers,” click on the Bid button, confirm your application, and approve the mandate in your UPI app.
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