Abril Paper Tech Ltd. is recognized as one of India’s leading suppliers and manufacturers of sublimation heat transfer paper, offering superior quality paper from 30 GSM to 90 GSM in various sizes. Their products are extensively used in the digital printing industry, covering home and furnishing, fashion apparel, gym/sports wear, T-shirts and garments printing, saree printing, nightwear, swim suits, hard substances, soft signage, and other textile sectors. This positions Abril Paper Tech as a trusted partner for the evolving demands of the Indian paper and textile industry.

The Abril Paper Tech IPO is a Fixed Price Issue amounting to ₹13.42 Crores, consisting entirely of a fresh issue of 22 lakh shares. The subscription period opened on 29 August 2025 and closed on 2 September 2025, with allotment expected on 3 September 2025, and a tentative listing on BSE SME on 5 September 2025. The IPO price was set at ₹61 per share, with a lot size of 2,000 shares. Individual investors were required to apply for a minimum of 2 lots, amounting to ₹2,44,000.

The IPO was 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. The Grey Market Premium (GMP) for the IPO is ₹0, reflecting a stable pre-listing valuation. On the final day of subscription, the IPO was oversubscribed 10.68 times, indicating robust investor interest.

IPO Objectives:
The company intends to utilize the net proceeds as follows:

1. ₹540 lakh for capital expenditure to purchase machinery.

2. ₹500 lakh for working capital requirements.

3. ₹201 lakh for general corporate purposes, supporting operational expansion and strategic initiatives.

Company Leadership and Overview:

• Mr. Vipul Dobariya, Promoter & Managing Director, brings 6 years of experience in manufacturing operations and strategic management.

• Mr. Ashvinbhai Lathiya, Whole-Time Director, has 6 years of expertise in marketing, distribution, and sales strategy.

• Mr. Prince Lathiya, Non-Executive Director, provides 3 years of guidance on market expansion, brand building, and business development.

Financial Performance:
The company has demonstrated strong growth with revenues of ₹6,091.45 lakh in FY25 compared to ₹682.61 lakh in FY24. EBITDA for FY25 was ₹201.06 lakh versus ₹61.41 lakh in FY24, while Profit After Tax (PAT) rose to ₹141.29 lakh in FY25 from ₹42.78 lakh in FY24. The pre-issue EPS stands at ₹2.48, post-issue EPS at ₹1.77, with a P/E ratio of 24.59x pre-issue and 34.46x post-issue. The company’s ROCE for FY24 is 16.38%, ROE 18.03%, and RoNW 13.43%, indicating the IPO is fairly priced.

IPO Listing and Market Outlook:
The Grey Market Premium of ₹0 suggests limited speculative gains at listing. Given the financial performance and valuation, analysts recommend that investors avoid expecting significant listing gains. However, Abril Paper Tech provides an opportunity to invest in a well-established company in the growing sublimation heat transfer paper industry, which caters to diverse segments in textiles and digital printing.

The IPO supports strategic business expansion, procurement of advanced machinery, and operational strengthening, positioning Abril Paper Tech to consolidate its leadership in the Indian market while exploring new growth avenues.

The Upcoming IPOs in this week and coming weeks are Taurian MPS, Jay Ambe Supermarkets, Krupalu Metals, Urban Company, Shringar House of Mangalsutra, Vashishtha Luxury Fashion, Karbonsteel Engineering, Sharvaya Metals, Vigor Plast India.

The Current active IPO are Austere Systems, Optivalue Tek Consulting, Goel Construction Company, Amanta Healthcare, Rachit Prints.

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