Abril Paper Tech IPO opens on August 29 with ₹13.42 crore fresh issue
Noor Mohmmed
28/Aug/2025

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Abril Paper Tech IPO details including issue size, price band, lot size, subscription period and listing date on BSE SME.
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Financial performance highlights, company promoters, objectives of the IPO and valuation metrics.
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GMP trend, allotment date, subscription process and expert review recommending avoid for listing gains.
Abril Paper Tech Ltd. is recognised today as one of the leading manufacturers and suppliers of sublimation heat transfer paper in India, known for its high-quality products catering to the digital printing industry. The company manufactures papers ranging from 30 GSM to 90 GSM, widely used in fashion apparel, t-shirts, saree printing, gym and sportswear, nightwear, swimwear, home furnishing, signage and other textile segments. This makes it an important contributor to India’s growing printing and textile ecosystem.
Abril Paper Tech IPO Details
Abril Paper Tech is coming up with an SME IPO on BSE, through a Fixed Price Issue of ₹13.42 crore, comprising a fresh issue of 22 lakh equity shares. The subscription will open on August 29, 2025 and close on September 2, 2025. The IPO allotment date is set for September 3, 2025, and shares are expected to list on BSE SME by September 5, 2025.
The IPO price is fixed at ₹61 per share with a market capitalization of ₹48.69 crore at issue price. The lot size is 2,000 shares, and retail investors must apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,44,000.
The IPO is managed by Interactive Financial Services Limited as the book running lead manager, with KFin Technologies Limited as the registrar and B. N. Rathi Securities Limited as the sole market maker.
Abril Paper Tech Financial Performance
The company has shown significant growth in financials:
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Revenue from operations rose from ₹682.61 lakh in FY24 to ₹6,091.45 lakh in FY25, marking a sharp jump.
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EBITDA increased from ₹61.41 lakh in FY24 to ₹201.06 lakh in FY25.
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Profit After Tax (PAT) improved from ₹42.78 lakh in FY24 to ₹141.29 lakh in FY25.
These numbers indicate a positive trajectory in profitability and business expansion.
Key performance indicators:
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Pre-issue EPS: ₹2.48 | Post-issue EPS: ₹1.77
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Pre-issue P/E ratio: 24.59x | Post-issue P/E ratio: 34.46x
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ROCE: 16.38% | ROE: 18.03% | RoNW: 13.43%
The valuations suggest the IPO is fairly priced, but not attractive for listing gains.
Objectives of the IPO
The net proceeds from the IPO will be utilised as follows:
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₹540 lakh for capital expenditure towards purchase of new machinery.
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₹500 lakh for working capital requirements.
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₹201 lakh for general corporate purposes.
Abril Paper Tech IPO GMP Today
As of 23rd August 2025, the Grey Market Premium (GMP) of Abril Paper Tech IPO is ₹0, implying no listing gains are expected. GMP is purely speculative and not a reliable indicator of share performance post-listing.
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IPO Price: ₹61
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Expected Listing Price: ₹61
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GMP: ₹0 (0.00%)
Allotment Process for Abril Paper Tech IPO
Investors can check their IPO allotment status on the registrar’s portal (KFin Technologies Limited) once the allotment is finalised on September 3, 2025. Steps to check allotment:
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Visit the IPO allotment page on the registrar’s website.
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Select Abril Paper Tech IPO from the dropdown menu.
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Enter PAN, Application Number or DP Client ID.
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Submit details to view allotment status.
Expert Review – Avoid for Listing Gains
While Abril Paper Tech has shown impressive growth in FY25, the IPO is fully priced with a high P/E ratio compared to industry peers. The absence of GMP premium suggests limited short-term upside. Hence, experts recommend avoiding the IPO for listing gains. However, long
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