Subam Papers SME IPO Details, Financials, Valuation & Peers
Explore Subam Papers IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Subam Papers Limited is a leading manufacturer of Kraft Paper and Duplex Board, offering eco-friendly packaging solutions since its inception in 2004. The company began its journey producing paper cones and gradually expanded its product portfolio to include Kraft paper and Duplex board. Uniquely positioned in the market, Subam Papers uses 100% recycled wastepaper as the primary raw material, aligning with its strong commitment to environmental sustainability. To further minimize its carbon footprint, Subam Papers operates renewable energy installations, including two windmills with a combined capacity of 1.7 MW and a 14 MW solar plant. The company has developed innovative techniques to produce odorless Kraft paper, making it popular among food packaging companies. The company’s ongoing capacity expansion will boost its production capabilities to over 1,000 metric tons per day by FY 2024-2025, further strengthening its market position.
Key Points:
- Product Range: Offers a variety of customized packaging solutions including Kraft paper, Duplex board, paper cones, and tubes, catering to different industrial needs.
- Sustainable Practices: Focuses on recycling waste paper instead of wood pulp to manufacture Kraft paper and Duplex board, significantly minimizing environmental impact.
- Renewable Energy Investments: Operates a 14 MW solar power plant and two windmills with a total capacity of 1.7 MW, promoting eco-friendly manufacturing processes.
- Capacity: Currently, Kraft paper production capacity stands at 300 MTPD and Duplex board at 140 MTPD, with plans to exceed 1,000 MTPD by FY 2024-2025.
- Location: Located in Tirunelveli, Tamil Nadu, near the Tuticorin harbor, enhancing logistics and distribution capabilities.
- Growth Plans: Expansion through the wholly-owned subsidiary Subam Paper and Boards Private Limited (SPBPL) to enhance market share and take advantage of favorable tax incentives for new manufacturing companies.
Objects of the Issue
- Investment in Subsidiary for Financing its Capital Expenditure requirements
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 30 Sep - 03 Oct 2024 |
| IPO Price Band | ₹144 - ₹152 per share |
| Fresh Issue | 61,64,800 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹93.70 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 30 Sep 2024 |
| IPO Closing Date | 03 Oct 2024 |
| Basis Of Allotment | 04 Oct 2024 |
| Refunds | 07 Oct 2024 |
| Demat Transfer | 07 Oct 2024 |
| IPO Listing Date | 08 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| Total Income | 332.60 | 510.62 | 496.97 |
| Total Expenses | 297.92 | 505.66 | 451.17 |
| Net Profit/Loss | 26.00 | -0.27 | 33.42 |
| NPM (*) | 7.90 | -0.05 | 6.77 |
| Total Assets | 394.18 | 414.35 | 460.46 |
| Total Liabilities | 228.28 | 248.71 | 261.41 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| EPS | 15.98 | -0.16 | 20.53 |
| ROE (%) | 15.67 | -0.16 | 16.79 |
| ROCE (%) | 12.82 | 5.88 | 20.84 |
| D/E Ratio | 0.94 | 0.98 | 0.92 |
| Current Ratio | 1.51 | 1.23 | 1.21 |
| EBITDA MARGIN (%) | 12.37 | 6.19 | 14.72 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Subam Papers Limited | 493.86 | 7.40 | 20.53 | 16.79 | 122.29 |
| Pakka Limited | 404.00 | 22.36 | 11.21 | 17.25 | 64.36 |
| Shree Ajit Pulp And Paper Limited | 294.51 | 16.35 | 14.18 | 3.35 | 302.68 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 57.18 |
| Non-Institutional Investor (NII/HNI) | 243.16 |
| Retail Individual Investor (RII) | 48.97 |
| Total | 92.93 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. T BALAKUMAR
- MS. SUDHA ALAGARSAMY
Lead Managers
- GRETEX CORPORATE SERVICES LIMITED
Company Address
Subam Papers Limited
S.F.No.143-146 Vaduganpatti Village Nadukallur to Tirunelveli, Tirunelveli, Tirunelveli Taluk- 627010, Tamil Nadu, India.
Phone: +91-9486303300
Email: info@subampapers.com
Website: www.subampapers.com
FAQs
- What is the issue size of the Subam Papers SME IPO?The Subam Papers SME IPO has an issue size of ₹93.70 crore. This includes a fresh issue of 61,64,800 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Subam Papers IPO?The price band for the Subam Papers IPO is ₹144 - ₹152 per share.
- What are the bidding dates for the Subam Papers IPO?The Subam Papers IPO will open for bidding on 30 Sep 2024 and close on 03 Oct 2024.
- What is the allotment date for the Subam Papers IPO?The allotment date for the Subam Papers IPO is 04 Oct 2024.
- What is the listing date for the Subam Papers IPO?The listing date for the Subam Papers IPO is 08 Oct 2024.
- What is the Subam Papers IPO grey market premium?The grey market premium (GMP) for the Subam Papers IPO is currently at ₹12, with an expected listing gain of approximately 7.89%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.