Subam papers limited IPO: Subam papers limited (Subam Papers IPO) IPO will open for subscription on September 30, 2024, and close on October 3, 2024, with a price range of ₹144 to ₹152 per share and a face value of ₹10.
Subam Papers Ltd is a company engaged in the manufacturing of Kraft Paper and Paper Products
Subam papers limited IPO Details
Subam Papers IPO is a fresh issue of 61.65 lakh shares, priced at Rs 93.70 crores.
Subam Papers Limited IPO will open for subscription on September 30, 2024, and close on October 3, 2024. The allotment is expected to be finalized on October 4, 2024, and the tentative listing date is October 8, 2024.
The Subam papers limited IPO price ranges from ₹144 to ₹152 per share, with a minimum lot size of 800 shares for applications, ₹121,600 for retail investors, and ₹243,200 for HNI.
Gretex Corporate Services Limited leads the Subam Papers IPO, Bigshare Services Pvt Ltd is the registrar, and Gretex Share Broking is the market maker.
Please refer to Subam Papers Limited IPO RHP for comprehensive information.
Subam papers limited IPO Objective
The Net Proceeds are proposed to be utilized in accordance with the following details:
- Investment in a Subsidiary for Financing its Capital Expenditure requirements,
- General Corporate Purposes.
About Subam papers limited
Subam Papers Ltd is a company engaged in the manufacturing of Kraft Paper and Paper Products. Subam Papers private limited proudly call ourselves as a packaging solution providing company.
Subam started its journey in the year 2004 with manufacturing of paper cones and later expanded the product base by adding Duplex board and Kraft paper in its portfolio.
Subam Papers private limited is not like the traditional paper manufactures, the Company does not manufacture products from wood pulp, but instead company use waste paper as raw material.
Subam Papers aim to preserve mother nature and tend to drive on the principle of recycling. Company leverages wastepaper as the primary raw material in the production of Kraft Paper and Duplex Board.
Company wind energy infrastructure includes two windmills: with a capacity of 850 KW each, totalling approximately 1.7 MW. Additionally, the Company operates a solar plant with a capacity of 14 MW. These renewable energy sources enable our manufacturing facilities to significantly reduce their carbon footprint, aligning with our goal of sustainable and eco-friendly operations.
Packaging is a crucial aspect of products used in various industries like automobiles, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing.
In 2023, the company obtained the EN ISO 9001:2015 certificate for its manufacturing and marketing of packaging paper.
Company has 400 acres of land bank and has received permission from the Government of Tamil Nadu to withdraw 2.7 million litres of water daily, with internal generation for electricity.
SPBPL currently has five manufacturing units on lease, with plant and machinery from M/s. Unicone, a proprietorship concern of promoter Mr. T Balakumar.
As of September 2024, the company had 500 permanent employees, as per chittorgarh.com.
Industry Overview
The paper and packaging sector in India is growing rapidly and has significant potential for future expansion. The industry was valued at $50.5 billion in 2019 and is anticipated to reach $204.81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025.
The growth in the sector is being driven by a surge in e-commerce, food processing, pharmaceuticals, FMCG, manufacturing industry and healthcare sector. Additionally, numerous government initiatives including ‘Make in India’ had positive impact on the packaging industry.
The paper and packaging industry is currently the fifth-largest sector in the Indian economy and has the potential to achieve pricing levels that are about 40% cheaper compared to European regions.
Subam papers Limited IPO Date
Subam Papers Limited IPO opens on September 30, 2024, and closes on October 3, 2024.
- IPO Open Date: Monday, September 30, 2024
- IPO Close Date: Thursday, October 3, 2024
- Basis of Allotment: Friday, October 4, 2024
- Initiation of Refunds: Monday, October 7, 2024
- Credit of Shares to Demat: Monday, October 7, 2024
- Listing Date: Tuesday, October 8, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on October 3, 2024
Subam papers Limited IPO Price and Lot Size:
Investors can bid for a minimum of 800 shares, with additional bids required in multiples. The table shows minimum and maximum investment amounts for retail investors and HNIs.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹ 121,600 |
| Retail (Max) | 1 | 800 | ₹ 121,600 |
| HNI (Min) | 2 | 1,600 | ₹ 243,200 |
Financial Highlights: Subam Papers Limited
The financial results for the fiscal years FY24, FY23, and FY22 are presented below.
| Particulars (₹ in Lakhs) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Assets | 46,046.10 | 41,434.65 | 39,418.33 |
| Revenue | 49,697.31 | 51,062.36 | 33,259.87 |
| Profit After Tax (PAT) | 3,341.80 | -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 |
Subam papers: key performance indicators
As of March 31, 2024, Subam Papers IPO‘s market capitalization stands at Rs 353.32 Cr.
| KPI | Values |
|---|---|
| ROE | 16.79% |
| ROCE | 20.84% |
| Debt/Equity | 0.92 |
| RoNW | 16.79% |
| P/BV | 1.24 |
| PAT Margin (%) | 6.77% |
Subam papers Limited IPO Promoter Holding:
Mr. T Balakumar and Ms. Sudha Alagarsamy are the promoters of the company, with a share holding pre issue of 94.81% and post issue of 69.67%.
Subam papers Limited Contact Details
The contact details for Subam Papers Limited have already been saved. Here’s a quick recap:
- Address: S.F.No.143-146 Vaduganpatti Village, Nadukallur to Tirunelveli, Tirunelveli Taluk- 627010
- Phone: +91-9486303300
- Email: info@subampapers.com
- Website: http://www.subampapers.com/
Subam papers IPO GMP
The Grey Market Premium (GMP) for Subam Papers Limited’s IPO is currently ₹34 per share, indicating that the shares are trading at a premium above the IPO price band of ₹144 to ₹152 per share. (Source- hindi.economictimes.com)
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