Subam Papers’ IPO is a book-built issue valued at Rs 93.70 crores. The entire issue consists of a fresh offering of 61.65 lakh shares.
The subscription for the Subam Papers IPO opens on September 30, 2024, and closes on October 3, 2024. The allotment of shares is expected to be finalized on Friday, October 4, 2024. The company plans to list on the BSE SME, with a tentative listing date set for Tuesday, October 8, 2024.
Subam Papers operates in the paper manufacturing sector. The company specializes in producing Kraft Paper and various paper products, using waste paper as a raw material.
The price band for the Subam Papers IPO is set between ₹144 and ₹152 per share. Investors must apply for a minimum lot size of 800 shares, requiring a minimum investment of ₹121,600 for retail investors. High-net-worth individuals (HNIs) must invest in at least 2 lots (1,600 shares), amounting to ₹243,200.
Gretex Corporate Services Limited is serving as the book-running lead manager for the Subam Papers IPO, while Bigshare Services Pvt Ltd is the registrar. The market maker for the IPO is Gretex Share Broking.
Subam Papers IPO Details:
| Company Name | Subam Papers Limited |
| Sector | Paper Manufacturing |
| IPO Type | SME |
| IPO Open date | 30th Sep 2024 |
| IPO Close date | 03rd Oct 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Subam Papers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,21,600 |
| HNI (Min) | 2 | 1600 | 2,43,200 |
Subam Papers IPO Timeline:
| IPO Open Date | 30th Sep 2024 |
| IPO Close Date | 03rd Oct 2024 |
| Basis of Allotment | 04th Oct 2024 |
| Refund Initiation Date | 07th Oct 2024 |
| Shares Credit to Demat | 07th Oct 2024 |
| Listing Date | 08th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Subam Papers’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Paper Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Subam Papers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
