Issue Price
₹ 144-₹ 152
per equity share
Issue Size
44.08 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
800
equity share
Please note
Listing at BSE
Subam Papers Limited
Important Dates
IPO Open Date
30 Sep 2024
IPO Close Date
03 Oct 2024
Allotment Date
04 Oct 2024
Initiation of Refunds
07 Oct 2024
Credit of Shares to Demat Account
07 Oct 2024
IPO Listing Date
08 Oct 2024
UPI Mandate Expiry Date
03 Oct 2024
IPO Details
Subam Papers IPO is open for subscription starting Monday, September 30, 2024, and closing on Thursday, October 3, 2024. This upcoming IPO price is Rs 144 to Rs 152 per share. The minimum lot size set for the retail category is 800 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 1600 shares. The minimum investment required for retail category investors is Rs 1,21,600 (152 x 800 shares). However, for the HNI category, the minimum investment amount required is Rs 2,43,200 (152 x 1600 shares). Subam Papers IPO is a book-built issue of Rs 93.70 crores. This upcoming IPO is an entirely fresh issue of 61.65 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, October 4, 2024. Subam Papers IPO will be listed on BSE SME on Tuesday, October 8, 2024. Gretex Corporate Services Limited is the book-running lead manager, Big Services Private Limited is the registrar for this IPO. The market maker for this IPO is Gretex Share Broking.
Seize the deal, apply for IPO today!
Apply for IPOAbout Subam Papers Limited
Subam Papers Limited was incorporated in 2006 and is a manufacturer of Kraft Paper and paper products. The company uses waste paper as a raw material. The company's installed capacity for Kraft Paper was 300 metric tons per day, resulting in a total annual capacity of 93,600 tons.
Subam Papers has the ability to manufacture and supply Kraft Paper and Duplex Boards in various shades. Their products offer GSM ranging from 120 to 300, Busting Factor of 16 to 35, and Deckle sizes from 2,000 MM to 4,400 MM, with reel diameters up to 1,400 MM.
Subam maintains a large raw material storage facility to ensure sufficient reserves, which enables consistent production of high-quality products for the packaging industry. The products are used in various industries such as automobiles, textiles, FMCG, food, distilleries, pharmaceuticals, electrical and electronics, and printing, where packaging is essential.
Parent Organisation
-
Founded
2006
Managing Director
T. Balakumar
IPO Objectives
The main funds raised from this IPO, will be used for investment in the subsidiary for financing the day-to-day capital needs for the smooth functioning of the company. The remaining will be used for fulfilling the general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
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PAN Card | Aadhaar Card | Bank Account Number
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