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Saffron Speciality Papers IPO
Price Band
₹
Issue Size
₹0.56 Cr
Lot Size
—
Min Investment
—
GMP
—
Issue Price
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Saffron Speciality Papers IPO AI Summary
- Saffron Speciality Papers IPO is upcoming on BSE SME in the Paper & Paper Products sector.
Saffron Speciality Papers Limited is an upcoming IPO in the Paper & Paper Products sector, focusing on manufacturing and exporting various stationery products and commercial printing services. The company has shown growth in its financials, although the latest figures are not directly comparable due to being for a 9-month period.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 10 Jul 2026
Saffron Speciality Papers IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
Composite Score
77/100
GMP not yet available
Subscription not open yet
Anchors took 2678.6% of the issue size
Similar IPOs (same sector & type) averaged 13.3% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Incorporated in 2008, Saffron Speciality Papers Limited is engaged in the business of manufacturing and exporting Printed Paper Stationery and Back-to-School Paper Stationery. The company specializes in customized, mass-produced Back-to-School Paper Stationery and Printed Paper Stationery with diverse finishes, embellishments, and bindings. It also offers commercial printing services to corporations, banks, government agencies, trusts, and more. Products: Notebooks and Back-to-School Paper Stationery: They offers diverse notebooks and stationery, including EcoNama—eco-friendly notebooks made from recycled materials with biodegradable inks—launched in January 2025 for sustainability-conscious consumers. Commercial Printing: They launched this segment in April 2021 and began manufacturing in October 2022, offering high-margin commercial printing services for corporate clients with strict quality and customization needs. Paper Packaging Segment: They entered the Paper Packaging segment in 2024, starting limited-scale manufacturing with KBA & Heidelberg machines, targeting corporate clients in Electrical, E-commerce, and Food sectors. As of As of June, 30, 2025, the company had 142 permanent employees on the payroll and has employed 65 employees on a contract basis. Competitive Strengths: Experienced Management and operational team. Long-term Business relationship with customers. Exposure in export and domestic market segment. The location in Bhiwandi provides excellent connectivity via major highways (Mumbai-Nashik & Maharashtra Samruddhi Mahamarg- Mumbai to Nagpur), and proximity to the Nhava Sheva seaport is an added logistical advantage. Diversified Verticals, They are presently having Notebook / Back-to-School Paper Stationery & Commercial Printing segment. Thus, dependence on a single vertical for revenue generation is avoided.
Company Financials (₹ Cr)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 196.38 | 212.51 | 123.76 | 77.92 |
| Total Income | 49.73 | 253.25 | 190.90 | 132.57 |
| Profit After Tax | 2.13 | 10.68 | 6.24 | -0.02 |
| EBITDA | 6.59 | 23.05 | 17.35 | 4.08 |
| NET Worth | 40.47 | 38.34 | 18.66 | 11.35 |
| Reserves and Surplus | 27.21 | 25.08 | 6.31 | 10.19 |
| Total Borrowing | 117.66 | 140.96 | 90.14 | 39.05 |
Key Ratios
NAV
₹28.93
ROE
37.48%
ROCE
24.06%
RoNW
37.48%
PAT Margin
4.22%
Debt/Equity
3.68
Promoters
Sweta Agarwal, Harshiel Agarwal and Abbas Presswala
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To part finance the cost of establishing of new manufacturing facility at Survey No. 74 & 75/1, Village Amane, Opp. Toll Warehouse Amane, Near Indian Oil Petrol Pump, Bhiwandi-421302 Dist. Thane, Maharashtra 10.00 2 Repayment/ prepayment, in full or part, of certain borrowings availed by the Company 27.00 3 Enhancing Working Capital Requirement of the company (including that of Paper Packaging segment) 15.00 4 General Corporate Purposes Total 52.00
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹132.57 Cr in the period ending 31 Mar 2023, rising to ₹190.90 Cr by 31 Mar 2024, and further increasing to ₹253.25 Cr by 31 Mar 2025. However, the most recent figure of ₹49.73 Cr for the period ending 30 Jun 2025 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was a loss of ₹0.02 Cr in the period ending 31 Mar 2023, which improved to ₹6.24 Cr by 31 Mar 2024, and further increased to ₹10.68 Cr by 31 Mar 2025. The most recent figure of ₹2.13 Cr for the period ending 30 Jun 2025 is also a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for shares before they are officially listed on the stock exchange. A higher GMP suggests strong demand, while a lower GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is essential to consider the company's fundamentals and market conditions before making any investment decisions.
Who May Want to Wait
Investors who prefer stable, established companies may want to avoid IPOs like this, as they can be more volatile and carry higher risks. Those with a low risk tolerance or who are uncomfortable with potential fluctuations in stock prices should carefully consider their options.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and company performance. It's important to remember that investing in IPOs carries risks, and prices can fluctuate significantly after listing.
This evaluation is generated from Saffron Speciality Papers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the TopFund Listing Data Indicator for Saffron Speciality Papers?
Saffron Speciality Papers's Listing Data Indicator score is 77/100 (High signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the issue size of Saffron Speciality Papers IPO?
The issue size is ₹0.56 Cr.
When is the opening date for the IPO?
The IPO opens on July 10, 2026.
What is the minimum investment required?
The minimum investment amount is not specified in the provided data.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Who are the promoters of the company?
The promoters are Sweta Agarwal, Harshiel Agarwal, and Abbas Presswala.
Issue Details
Investor Allocation
Registrar
Anchor Investors
₹15.0 Cr
Total allocated
Anchor allocation date: 23 Jun 2026
SBI Mutual Fund
HDFC Mutual Fund
Axis Mutual Fund
Nippon India MF
Franklin Templeton MF
⚠️ Lock-in: 50% of anchor shares unlock 30 days after listing. Watch for selling pressure around that date.
Lead Managers / Book Running
IPO Timeline
Open
10 Jul 2026
Close
TBA
Allotment
TBA
Listing
TBA
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