August 25, 2025
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Abril Paper Tech IPO Key Dates
| Anchor Investor Subscription | |
| IPO opens on | 29 August 2025 |
| IPO Closes on | 2 September 2025 |
| Allotment on | 3 September 2025 |
| Credit of shares on | 4 September 2025 |
| Tentative Listing on | 5 September 2025 |
Abril Paper Tech IPO Condenses Verdict
Abril Paper Tech IPO showcases strong revenue growth in a short span and operates with low borrowings. However, the valuation at P/E 34.46 appears aggressive for a small-scale paper company. Risk-taking investors may consider only for long-term growth, while cautious investors can avoid.
Final Subscription Tally
| Size Rs. 46.80 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| Subscription Review: |
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About Abril Paper Tech
Incorporated in 2023, Abril Paper Tech is engaged in manufacturing Sublimation Heat Transfer Paper. The company produces a wide range of papers from 30 GSM to 90 GSM, in sizes varying between 24 inches and 72 inches. Its products cater largely to the digital printing industry and find applications in garments, textiles, hosiery, household curtains and furniture. The manufacturing facility of the company is located at Palsana, Gujarat.
Abril Paper Tech IPO Details
|
Sector: Paper Manufacturing |
|
| IPO opens on | 29 August 2025 |
| IPO closes on | 2 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 22,00,000 Shares / Rs 13.42 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 1,12,000 Shares |
| Net offer to Public | 20,88,000 Shares Rs. 12,74 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 61 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,12,000 (5.09%) |
| NII (HNI) Shares Offered | 10,44,000 (47.45%) |
| Retail Shares Offered | 10,44,000 (47.45%) |
| Total Shares Offered | 22,00,000 (100.00%) |
| Application | Lots | Shares | Amount Rs. |
| Individual investors (Retail) (Min) | 2 | 4,000 | 2,44,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | 2,44,000 |
| HNI (Min) | 3 | 6,000 | 3,66,000 |
Who are the Promoters of Abril Paper Tech IPO?
The promoters hold 85.20% of the pre-IPO capital
What are the Objects of Abril Paper Tech IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Capital Expenditure for purchase of machineries Rs. 5.40 Crore
+Working Capital Rs. 5.00 Crore
+General Corporate purposes
Abril Paper Tech IPO Lead Managers
Interactive Financial Services Pvt ltd
| Registered Office of the Company |
| Abril Paper Tech Ltd. 238/3, Shiva Ind. Estate, Jolva, Ta., Palsana Surat, Gujarat, 394305 |
| Who is the Registrar to the IPO? Kfin Technologies ltd |
Abril Paper Tech Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 |
| Assets | 12.97 | 8.13 |
| Total Income | 60.91 | 6.83 |
| Profit After Tax | 1.41 | 0.43 |
| EBITDA | 2.01 | 0.61 |
| Net Worth | 10.52 | 5.64 |
| Reserves and Surplus | 4.74 | 0.43 |
| Total Borrowing | 1.07 | |
| Amount in Rs. Crore | ||
Performance Indicators
| KPI | Values |
| ROE | 18.03% |
| ROCE | 16.38% |
| Debt/Equity | 0.1 |
| RoNW | 13.43% |
| PAT Margin | 2.32% |
| EBITDA Margin | 3.30% |
| Price to Book Value | 3.35 |
| EPS | 2.44 |
| PE R | 24.96 |
How Abril Paper Tech IPO compares with the Peers?
There is no listed company in India having similar nature of business.
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Abri Paper Tech IPO Review
by Paresh Gordhandas, CA & Research Analyst
📌 Abril Paper Tech IPO – Business & Financials
Incorporated in 2023, Abril Paper Tech manufactures Sublimation Heat Transfer Paper in GSM range of 30–90 and sizes from 24 to 72 inches. Its products are widely used in digital printing, garments, textile, hosiery, curtains and furniture. The company operates its plant from Palsana, Gujarat.
📊 Financial Performance
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FY 2025: Total Income Rs. 60.91 crore, PAT Rs. 1.41 crore, EBITDA Rs. 2.01 crore
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FY 2024: Total Income Rs. 6.83 crore, PAT Rs. 0.43 crore, EBITDA Rs. 0.61 crore
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Net Worth (FY 2025): Rs. 10.52 crore
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Borrowings: Rs. 1.07 crore
The company has recorded multi-fold growth in topline and bottomline during FY 2024–25 compared to FY 2023–24.
🔎 Valuation & Peer Comparison
At the IPO price of Rs. 61, the issue is valued at a P/E of 34.46 on post-issue earnings. This is on the higher side for a small-sized paper manufacturer. In comparison, listed peers in paper/textile-related SMEs (like Vishnu Prakash R Punglia in infra-paper allied and SME textile auxiliaries) are trading in a lower P/E band of 20–28. Hence, while growth is impressive, valuations look stretched.
✅ Chanakya Verdict
Abril Paper Tech IPO showcases strong revenue growth in a short span and operates with low borrowings. However, the valuation at P/E 34.46 appears aggressive for a small-scale paper company. Risk-taking investors may consider only for long-term growth, while cautious investors can avoid.
The IPO price is fixed at Rs. 61 per share. Lot size is 2,000 shares, requiring a minimum investment of Rs. 2,44,000 for retail investors.O is a book-built issue of 32.00 lakh fresh shares.
In FY 2025, the company reported total income of Rs. 60.91 crore and PAT of Rs. 1.41 crore, against Rs. 6.83 crore and Rs. 0.43 crore in FY 2024, showing a sharp jump in performance.
The IPO is priced at a P/E of 34.46, which is high compared to other SME paper/textile peers trading around 20–28 P/E. Hence, valuations are stretched.
Only aggressive investors willing to take valuation risk may consider. Conservative investors should stay away.
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