Subam Papers Limited, an emerging name in the packaging industry, is opening its Initial Public Offering (IPO) for subscription, aiming to raise ₹93.70 crores through a Book Built Issue. The entire issue comprises a fresh issue of 61.64 lakh shares, giving investors a chance to be part of a company with steady growth in the packaging sector.

The IPO subscription window is open from September 30, 2024, to October 03, 2024, with shares being listed on the BSE SME Exchange. The allotment of shares is expected to be finalized by October 04, 2024, and the company's shares are tentatively scheduled to be listed on the stock exchange on October 08, 2024.

The price band for Subam Papers IPO is set at ₹144 to ₹152 per equity share, with the minimum application size of 800 shares. For retail investors, this translates to an investment of ₹1,21,600, while HNIs need to invest at least ₹2,43,200, amounting to two lots.

Subam Papers began its journey in 2004, initially manufacturing paper cones and later expanding to include Kraft paper and duplex board. The company's evolution into a full-fledged packaging solution provider has been guided by its Managing Director, Mr. T. Balakumar, whose expertise in the industry spans over 19 years. His leadership and involvement with the Development Council for Pulp, Paper, and Allied Industries of the Government of India reinforce the company’s standing in the market.

Subam Papers Limited IPO GMP Today
As of today, the Grey Market Premium (GMP) for Subam Papers IPO is ₹0, which might raise concerns for some investors looking for listing gains. However, it is essential to remember that GMP is not an official indicator of the company's performance on the listing day. Investors are advised to rely on fundamental analysis and the company's financial health rather than GMP, which is often speculative and driven by unregulated trading.
To stay updated on real-time Subam Papers Limited IPO Live Subscription Status, you can visit the BSE website.

Subam Papers Limited Financials
The company’s financial track record reveals steady growth. The revenue for Fiscal 2024 was ₹49,697.31 Lakhs, compared to ₹51,062.36 Lakhs in Fiscal 2023 and ₹33,259.87 Lakhs in Fiscal 2022. This reflects the company's resilience and adaptability in the competitive packaging industry. Additionally, the company’s EBITDA for Fiscal 2024 stood at ₹7,272.10 Lakhs, reflecting its solid operating performance.
The Profit After Tax (PAT) for the same period saw a significant increase to ₹3,341.80 Lakhs, up from a minor loss of ₹26.79 Lakhs in Fiscal 2023. The company's financial health is further demonstrated by its Return on Capital Employed (ROCE) of 20.84% and Return on Equity (ROE) of 16.79% for FY24, showing a stable outlook.

The IPO is priced with a pre-issue EPS of ₹20.53 and a post-issue EPS of ₹14.37, resulting in a pre-issue P/E ratio of 7.40x and post-issue P/E ratio of 10.57x, slightly above the industry P/E of 9.59x. Although these figures suggest that the IPO is fully priced, it aligns with the industry averages, making it a reasonable long-term investment for those seeking exposure in the packaging sector.

IPO Allotment Process
Investors interested in tracking their allotment status can follow these steps:

Visit the Registrar's website or the BSE allotment page.

Select Subam Papers Limited IPO from the list.

Input your application number, PAN, or DP Client ID, and check your allotment status.

Objectives of the IPO
Subam Papers plans to use the proceeds from the IPO towards the following objectives:

₹7,500 Lakhs will be allocated for investment in a subsidiary for financing its capital expenditure requirements.

The remainder will be used for general corporate purposes, enhancing the company’s operational capabilities and growth prospects.

For investors looking for the best IPO to apply now, consider exploring the latest IPOs here. Additionally, keep up with the latest stock market news and business updates here to stay informed.

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