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Subam Papers IPO
Price Band
₹144.0–152.0
Issue Size
₹93.7 Cr
Lot Size
800 shares
Min Investment
₹121,600
GMP
+₹12.0 (7.89%)
Issue Price
₹152.0
Subject to Sauda
₹7300
Paid only if allotted
Subam Papers IPO AI Summary
- Subam Papers IPO is listed on BSE SME in the Packaging sector.
- Price band: ₹144.0–₹152.0 per share, lot size 800 shares (min. investment ₹121,600).
- Subscription window: 30 Sep–03 Oct 2024, listing on 08 Oct 2024.
- Current GMP is +₹12.0 (7.89%), an estimated listing price of ₹164 — unofficial and can change daily.
Subam Papers Limited is an SME IPO in the packaging sector, focusing on sustainable solutions and leveraging waste paper as a raw material. With a competitive pricing strategy and a robust business model, the company aims to enhance its market position through this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Subam Papers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Subam Papers IPO Grey Market Premium (GMP) Today
GMP
+₹12.0
GMP %
+7.89%
Est. Listing
₹164.0
Updated: 25 Jul 2026 14:03
About the Company
Incorporated in October 2006, Subam Papers Limited is a manufacturer of Kraft Paper and paper products. The company uses waste paper as a raw material. As of March 31, 2024, the installed capacity for Kraft Paper was 300 metric tons per day (MTPD), resulting in a total annual capacity of 93,600 tons. The company has the ability to manufacture and supply Kraft Paper and Duplex Boards in various shades. Their products offer GSM ranging from 120 to 300, Busting Factor of 16 to 35, and Deckle sizes from 2,000 MM to 4,400 MM, with reel diameters up to 1,400 MM. Additionally, they maintain a large raw material storage facility to ensure sufficient reserves, which enables consistent production of high-quality products for the packaging industry. The products are used in various industries such as automobiles, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing, where packaging is essential. The company has received the EN ISO 9001:2015 certificate for the manufacturing and marketing of packaging paper in 2023 Competitive Strength Paper waste recycle and Sustainable packaging solutions. Investment in water pumping stations and connecting pipelines, ensuring efficient water distribution throughout the facility. The strategic location near the Thamirabarani River, just 6 km away, provides a distinct advantage. Use of ERP Technology to track and control inventory Fully automated manufacturing process enhancing productivity As of September 2024, the company had 500 permanent employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 460.46 | 414.35 | 394.18 |
| Total Income | 496.97 | 510.62 | 332.60 |
| Profit After Tax | 33.42 | -0.27 | 26.00 |
| NET Worth | 199.04 | 165.62 | 165.89 |
| Reserves and Surplus | 197.41 | 164.00 | 164.26 |
| Total Borrowing | 183.41 | 162.83 | 155.73 |
Key Ratios
EPS
₹19.57
NAV
₹122.29
ROE
16.79%
ROCE
20.84%
RoNW
16.79%
P/B Value
1.24
P/E Ratio
7.77
Market Cap
₹353.32 Cr
PAT Margin
6.77%
Debt/Equity
0.92
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Shree Ajit Pulp And Paper Ltd | 302.68 | 3.35% | 16.35 | 14.18 | 14.18 |
| Pakka Limited | 64.36 | 17.25% | 22.36 | 11.21 | 11.21 |
| Subam Papers Limited This IPO | 122.29 | 16.79% | — | 20.53 | 20.53 |
Promoters
Sudha Alagarsamy
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 Investment in subsidiary for financing its capital expenditure requirements 75.00 2 General Corporate Purposes 10.25 Total 85.25
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹332.60 Cr in the year ending 31 Mar 2022, rising to ₹510.62 Cr by 31 Mar 2023, before declining to ₹496.97 Cr in the year ending 31 Mar 2024. This decline is notable as the most recent figure is from a full fiscal year, while the previous year showed a significant increase.
Profit Trend
Profit After Tax was ₹26.00 Cr in the year ending 31 Mar 2022, which turned into a slight loss of ₹0.27 Cr by 31 Mar 2023. However, it rebounded to ₹33.42 Cr by 31 Mar 2024, indicating a recovery in profitability.
Valuation
Subam Papers Limited has an implied P/E ratio of 7.77 at the issue price, compared to peers trading at P/E ratios ranging from 16.35 to 22.36.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected price at which an IPO might list compared to its issue price. A positive GMP suggests that investors are willing to pay more than the issue price in the grey market, reflecting demand for the stock before it officially lists.
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 important to consider the company's financial health, market position, and growth potential.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings may want to avoid this IPO, as it has shown some fluctuations in profitability and revenue.
IPO Timeline, Explained
The IPO opens for subscription on September 30, 2024, and closes on October 3, 2024. Allotment of shares will be done on October 4, 2024, with the listing date set for October 8, 2024.
Listing Gains — The Risk
Listing gains are not guaranteed and can vary based on market conditions and investor sentiment on the listing day. Investors should be aware that the stock price may fluctuate significantly after listing.
This evaluation is generated from Subam 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 Subam Papers IPO GMP today?
Subam Papers IPO GMP today is +₹12.0 (7.89%), indicating an estimated listing price of ₹164. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Subam Papers IPO?
The price band of Subam Papers IPO is ₹144.0–₹152.0 per share.
When does Subam Papers IPO open and close?
Subam Papers IPO opens on 30 September 2024 and closes on 03 October 2024.
When does Subam Papers IPO list on the stock exchange?
Subam Papers IPO listed on 08 October 2024 at ₹164.0.
What is the lot size for Subam Papers IPO?
The lot size for Subam Papers IPO is 800 shares, requiring a minimum investment of ₹121,600.
What is the price band for the IPO?
The price band for the IPO is ₹144.0 to ₹152.0.
What is the minimum investment required?
The minimum investment required is ₹121,600, which corresponds to a lot size of 800 shares.
When does the IPO open and close?
The IPO opens on September 30, 2024, and closes on October 3, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
When will the shares be listed?
The shares are expected to be listed on October 8, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2024
Close
03 Oct 2024
Allotment
04 Oct 2024
Listing
08 Oct 2024
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