2 weeks Ago
The SME IPO of Subam Papers will open for subscription today and close on October 3. The company aims to raise nearly Rs 94 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) Subam Papers IPO size The IPO is entirely a fresh equity issue of 61.64 lakh shares and through the issue, the company plans to raise Rs 94 crore. 2) Subam Papers IPO price band The company is offering its shares at Rs 144-152 apiece, and investors can bid for 800 shares in 1 lot.
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5) Industry overview The paper and packaging sector in India is growing rapidly and has significant potential for future expansion. The industry was valued at $50.5 billion in 2019 and is anticipated to reach $204.
81 billion by 2025, registering a CAGR of 26.7% from 2020 to 2025. Also Read: IPO Calendar: 3 new issues, 12 listings to keep primary market busy this week 6) Subam Papers financial performance For the year ended March 2024, the company clocked total revenues of Rs 497 crore and net profit of Rs 33.
44 crore. 7) Objects of the offer The net proceeds from the public offer will be used for investment in its subsidiary for financing its capital expenditure and general corporate purposes. 8) Lead managers and Registrar Gretex Corporate Services is acting as the lead manager to the issue and Bigshare Services is the registrar.
9) Issue structure About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors. 10) Important dates The IPO opened on September 30 and will close on October 3. The final allotment will likely be made on October 4.
The company's shares will likely get listed on October 8. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
