Subam Papers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Subam Papers

CMP

150.30

-1.85 (-1.22%)

  • DRHP
₹152

Offer Price

₹ 93.70 Cr

Issue Size

₹ 1,21,600

Min Investment

800

Lot size

Time Line

  • 30
    Sep 2024
    Open
  • 03
    Oct 2024
    Close
  • 04
    Oct 2024
    Finalisation of Basis of Allotment
  • 07
    Oct 2024
    Initiation of Refunds
  • 07
    Oct 2024
    Transfer of Shares to Demat Account
  • 08
    Oct 2024
    Listing Date

Objects of the Offer

  • Anaerobic Reactor for odorless paper manufacturing.

  • Import of wastepaper from western countries.

  • Strategic advantage due to our proximity to the upcoming Vizhinjam and Tuticorin Ports by reshaping our import and export operations.

  • Establishing Support for a Wholly-Owned Subsidiary`s New Unit.

Strengths

  • Paper waste recycle and Sustainable packaging solutions.

  • Significant Advantage Due to Proximity of Subam`s Factory Location.

  • Efficient Inventory Management.

  • Fully Integrated Manufacturing Facility.

  • Consistent Financial Performance.

Risks

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • The availability of raw material, i.e. waste paper is very crucial for its business activities.

  • The company has received certain notices from the GST Department indicating huge discrepancies which may translate into Demand against it and potentially harming its business, reputation, and financial performance.

  • The company highly depends on its major raw materials and a few key suppliers who help it procure the same. The Company has not entered into long-term agreements with its suppliers for the supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.

  • The company conduct its business activities on a purchase order basis and therefore have not entered into long-term agreements with its customers.

Company Promoters

Promoters Holding

Issue For IPO
25.14%
Pre Holding

94.81%

Post Holding

69.67%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 329.27 (-) 508.32 (54.40%) 493.88 (-2.80%)
Gross Profit 40.97 (-) 19.67 (-52.00%) 58.15 (195.60%)
Net Income 26.00 (-) -0.27 (-101.00%) 33.42 (12,477.80%)
Assets 322.74 (-) 329.67 (2.20%) 384.00 (16.50%)
Liabilities 156.85 (-) 164.04 (4.60%) 184.96 (12.80%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Subam Papers Ltd 493.88 33.03 383.99 184.95 16.79 0.00 1,222.84 2.56 0.48
Pakka Ltd 404.74 43.40 506.87 506.87 17.25 11.14 64.20 8.56 0.73
Shree Ajit Pulp and Paper Ltd 294.51 8.25 516.16 516.16 3.63 14.83 303.03 1.59 1.00

Book Running Managers

  • Gretex Corporate Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

S.F.No.143-146 Vaduganpatti(V),
Nadukallur to Tirunelveli,
Tirunelveli - 627010
Phone : +91 94863 03300 Email : info@subampapers.com www.subampapers.com

Offer Related Information

Initial public offer of upto 61,64,800 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Subam Papers Limited (the "Company" or the "Issuer") for cash at a price of Rs. 152 per equity share including a share premium of Rs. 142 per equity share (the "Issue Price") aggregating to Rs. 93.70 crores ("The Issue"). The issue includes a reservation of upto 3,08,800 equity share of face calue of Rs. 10 each at an issue price of Rs. 152 per equity share cash aggregating to Rs. 4.69... More

Subam Papers FAQ's

The shares of Subam Papers were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Subam Papers IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Subam Papers public issue was 125 shares.

The price band of the IPO of Subam Papers was Rs. 114 to Rs. 120 per equity share.

Subam Papers IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Subam Papers IPO.

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