October 8, 2024
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Subam Papers IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Subam Papers listing Review
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Subam Papers IPO allotment Link
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Subscription status of Subam Papers IPO
Subam Papers IPO (Closed)Price Rs. 152 Lot 800 shares, Rs. 89.08 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 57.18 | 243.16 | 48.97 | 92.93 | 170555 / 66.57x |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Subam Papers?
Subam Papers Limited: Leading Manufacturer of Kraft Paper and Paper Products
Founded in October 2006, Subam Papers Limited specializes in the production of Kraft paper and related paper products, utilizing waste paper as its primary raw material.
Manufacturing Capacity and Capabilities
As of March 31, 2024, Subam Papers boasts an impressive installed capacity of 300 metric tons per day (MTPD) for Kraft paper, translating to an annual capacity of 93,600 tons. The company is adept at manufacturing Kraft paper and duplex boards in a variety of shades, catering to diverse market needs.
Their product specifications include:
- GSM: Ranging from 120 to 300
- Busting Factor: From 16 to 35
- Deckle Sizes: Between 2,000 MM and 4,400 MM
- Reel Diameters: Up to 1,400 MM
Additionally, Subam Papers maintains a substantial raw material storage facility, ensuring ample reserves for consistent production of high-quality packaging solutions.
Diverse Applications
Subam Papers’ products serve a wide range of industries, including:
- Automotive
- Textiles
- Fast-Moving Consumer Goods (FMCG)
- Food and Distilleries
- Pharmaceuticals
- Electrical and Electronics
- Printing
These sectors rely on robust packaging solutions, highlighting the importance of Subam Papers’ offerings.
Quality Certifications
In recognition of its commitment to quality, Subam Papers Limited received the EN ISO 9001:2015 certification in 2023 for the manufacturing and marketing of packaging paper. This certification underscores the company’s dedication to maintaining high standards in its operations.
Subam Papers Limited continues to be a key player in the Kraft paper manufacturing sector, driving innovation and quality in the packaging industry.
Get more information about the company @ http://www.subampapers.com/
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Subam Papers IPO Details |
|
| IPO opens on | 30 September 2024 |
| IPO closes on | 3 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6164800 Shares / Rs 93.70 Crore |
| * Fresh Issue | 61,64,800 Shares / Rs 93.70 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 308800 Shares |
| Net offer to Public | 5856000 Shares/ Rs.89.01 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.144.152 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2928000 | 44.51 |
| NII (15%) | 878400 | 13.35 |
| RII (35%) | 2049600 | 31.15 |
| Total Shares | 694800 | 89.01 |
| Retail portion will be oversubscribed by |
2562 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 800 Shares | Rs.121600 |
| Min HNI Application | 1600 Shares | Rs.243200 |
Who are the Promoters of Subam Papers?
The promoters of the Company are Mr. T Balakumar and Ms. Sudha Alagarsamy
What are the Objects of Subam Papers IPO?
The Offer comprises of fresh issue of shares.
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- Investment in a Subsidiary for Financing its Capital Expenditure requirements
- General Corporate Purposes
Tentative timetable |
|
| IPO opens on | 30 September 2024 |
| IPO Closes on | 3 October 2024 |
| IPO Allotment on | 4 October 2024 |
| Refund Initiation | 7 October 2024 |
| Credit of Shares | 7 October 2024 |
| Listing on | 8 October 2024 |
| Registered Office of the Company Subam Papers Limited S.F.No.143-146 Vaduganpatti Village Nadukallur to Tirunelveli, Tirunelveli, Tirunelveli Taluk- 627010, |
| Who is the Lead Manager of this IPO? Gretex Corporate Services Limited |
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Who is the Registrar to IPO? Bigshare Services ltd |
Subam Papers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Subam Papers IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 332.60 | 26.00 | – | |
| 2022-23 | 510.62 | -0.26 | – | |
| 2023-24 | 496.97 | 33.42 | 19.57 | 16.79 |
| Book Value of the Share on 31.03.2024 |
Rs | – | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 152 | ||
IPO
|
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| Price/EPS of 23-24 | 7.77 |
| Price/BV Ratio | |
| Price/BV after IPO | |
How Subam Papers IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Subam Papers | 10 | ||
| Pakka ltd | 10 | 22.36 | |
| Shri Ajit Pulp | 16.35 | ||
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Subam Papers IPO Review
Founded in October 2006, Subam Papers Limited specializes in the production of Kraft paper and related paper products, utilizing waste paper as its primary raw material.
Size: Net size of the IPO is Rs.89.01 crore, comprising of 5856000 shares. IPO size is very large considering the recent trends. and due to large number of IPOs opening now, huge oversubscription may not be possible
Financial Snapshot: The company has good profitability. However paper and packaging stocks donot enjoy much fancy at present
+ from fundamental angle: Not attractive
+ from grey market angle: ?
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Subam Papers IPO GMP today allotment, review?
Subam Papers IPO GMP grey market premium
Subam Papers IPO FAQs
What is Subam Papers IPO?
This is a SME IPO of 6164800 equity shares of the face value of Rs. 10 aggregating up to Rs.93.70 Crores. The issue is priced at Rs.152 per share. The minimum order quantity is 800 Shares.
When will Subam Papers IPO subscription open?
Subam Papers IPO opens on September 30, 2024, and closes on October 3, 2024.
What is the lot size of Subam Papers IPO?
HVAX Technologies IPO lot size is 800 Shares, and the minimum amount required is Rs.121600
How to apply for Subam Papers IPO?
You can apply in Subam Papers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Subam Papers IPO allotment?
The finalization of Basis of Allotment for Subam Papers IPO will be done on October 4, 2024, and the allotted shares will be credited to your demat account by October 7, 2024.
When is Subam Papers IPO listing date?
Subam Papers IPO listing date is October 8, 2024.
