Subam Papers Ltd. was incorporated on October 06, 2004. The company is a packaging solution provider, that manufactures Kraft paper and paper products using waste paper instead of traditional wood pulp. Committed to sustainability, it utilizes renewable energy from its own wind and solar installations, including two windmills with a total capacity of 1.7 MW, to minimize environmental impact
| Bidding Dates |
|---|
| 30 Sep 2024 - 03 Oct 2024 |
| Subscription |
|---|
| 86.49x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 800 | 6.2 M | ₹144 - ₹152 | 69.67 % | ₹887.7 M - ₹937.0 M | RHP DOC |
Subam Papers Ltd. IPO SUBSCRIPTION STATUS
03 Oct '24Subam Papers Ltd. IPO overall subscription rate was 86.49 times the total available shares
Subam Papers Ltd. IPO retail subscription rate was 65.06 times in the retail segment
Subam Papers Ltd. IPO non-institutional investor subscription rate was 323.51 times in the non-institutional investor category
Subam Papers Ltd. IPO Qualified Institutional Bidder subscription rate was 30.39 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Oct 2024 (Day 3) | 65.06x | 323.51x | 30.39x |
01 Oct 2024 (Day 2) | 7.27x | 3.91x | - |
30 Sep 2024 (Day 1) | 0.99x | 0.59x | - |
Subam Papers Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 330.3 | 4,938.6 | 436.0 | 2.4 | 14.7% |
| FY23 | -6.8 | 5,083.0 | 716.3 | 57.9 | 6.2% |
| FY22 | 249.7 | 3,292.7 | -25.4 | -1360.4 | 12.4% |
Subam Papers Ltd. IPO SUBSCRIPTION STATUS DETAILS
Subam Papers Ltd. had 6.2 M shares on offer
Subam Papers Ltd. IPO offer price was in the range ₹144 - ₹152
Subam Papers Ltd. IPO minimum Investment was ₹115200
Subam Papers Ltd. IPO issue size was ₹ 887.7 M - ₹ 937.0 M
Subam Papers Ltd. had a minimum lot size of 800 Shares per application
Subam Papers Ltd. NUMBER OF SHARES ON OFFER
Subam Papers Ltd. IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2024 |
| Issue close Date | 03 Oct 2024 |
| Allotment Date | 04 Oct 2024 |
| Refund Date | 07 Oct 2024 |
| Demat Account Credit Date | 07 Oct 2024 |
| Listing Date | 08 Oct 2024 |
| Listing on Exchange(s) | BSE |
| Subam Papers Ltd. Allotment Status | Exchange |
Subam Papers Ltd. IPO subscription opened on 30 Sep 2024, and closed on 03 Oct 2024
IPO allotment for Subam Papers Ltd. was finalized on Friday, 04 Oct 2024
IPO listing for Subam Papers Ltd. was on BSE on Tuesday, 08 Oct 2024
Subam Papers Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 152.0 |
| Listing Open Price | 142.0 |
| Listing Close Price | 149.1 |
| Listing Gain% | -6.6% |
| Current Gain% | 45.4% |
Subam Papers Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Subam Papers Ltd. | 221 | 513.7 | 47.6 | -0.8 | 0.9 | 2.7 | 1.5 | 585.2 | 7.1 | 10.8 | -59.7 | 4.6 | -59.7 |
| Aditya Birla Real Estate Ltd. | 1400.8 | 15646.3 | -151.6 | -4.2 | 38.4 | -2.8 | -0.5 | 459.2 | -63.5 | -103.2 | 36 | -9.2 | 36 |
| JK Paper Ltd. | 390.6 | 7083.2 | 21.8 | -2.8 | 1 | 4.8 | 2.5 | 7136.1 | 4.5 | 265.8 | -35.1 | 17.9 | -7.7 |
| West Coast Paper Mills Ltd. | 597.1 | 3943.8 | 26.2 | -0.5 | 0.9 | 4.2 | 2.8 | 4393.2 | 2.8 | 150.6 | -51.6 | 22.8 | -51.6 |
| KS Smart Technologies Ltd. | 111 | 1821.2 | -5643.1 | 85.3 | 896.2 | -0.1 | -0.1 | 2.1 | -0.3 | -66 | 0 | -66.1 | |
| Seshasayee Paper & Boards Ltd. | 233 | 1469.5 | 14.8 | 1.1 | 0.8 | 4 | 3.3 | 1759.2 | -3.5 | 82.5 | -24.4 | 15.7 | 13 |
Subam Papers Ltd. INFORMATION ON IPO ISSUE
About Subam Papers Ltd.
Subam Papers Ltd. was incorporated on October 06, 2004. The company is a packaging solution provider, that manufactures Kraft paper and paper products using waste paper instead of traditional wood pulp. Committed to sustainability, it utilizes renewable energy from its own wind and solar installations, including two windmills with a total capacity of 1.7 MW, to minimize environmental impact
Object of the Issue
- Investment in subsidiary for financing their capital expenditure requirements
- General corporate purposes
Subam Papers Ltd. - PROMOTERS
| Name |
|---|
| T Balakumar |
| Sudha Alagarsamy |
Subam Papers Ltd. Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Subam Papers Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Subam Papers Ltd. Strengths
Integrated manufacturing facility
The manufacturing facility features fully automated processes, ensuring high precision and efficiency in production. It prioritizes safety measures, adhering to stringent standards to maintain a secure environment while delivering consistently high-quality products
Environmental benefits
The company uses wastepaper as its primary raw material for paper manufacturing, providing environmental benefits by conserving natural resources and reducing energy consumption in the production process
Financial performance
The company has demonstrated strong financial performance over the past three years, with revenue of Rs 493.9 crore and EBITDA of Rs 72.7 crore in FY24
Subam Papers Ltd. Risks
Dependent on vendors
Wastepaper is essential for manufacturing, and its unavailability or price increases can significantly affect the company's financial performance. Relying on third-party suppliers without long-term agreements exposes the company to price fluctuations, potentially reducing margins. Any disruption in the supply of quality raw materials could delay production and lead to lost revenue
Competition
If competitors gain significant market share, it could adversely affect the company's operations and financial condition. Many rivals may have superior resources, including financial stability, manufacturing capabilities, R&D, marketing expertise, regulatory experience, geographic reach, and stronger sales forces
Credit risk
The company is exposed to counterparty credit risk, and significant delays or non-receipt of large payments could negatively impact its operations. By extending credit to customers for product sales, the company faces uncertainty regarding the collection of these outstanding amounts
IPO FAQs
The promoters of the company are T Balakumar and Sudha Alagarsamy.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 144.0 - 152.0.
The IPO application opens on Sep 30, 2024 and closes on Oct 03, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 121,600.0.
This IPO will be allotted on Oct 04, 2024.
The refund will be credited to your account on Oct 07, 2024.
The allotted shares will be credited to your demat on Oct 07, 2024.
Subam Papers Ltd.’s shares listed on the stock exchanges on Oct 08, 2024.