Subam Papers  Limited IPO

Subam Papers Limited plans to issue 61,64,800 shares worth INR 93.70 crores for investment in a subsidiary and general corporate purposes.

Important Details

Open Date : September 30, 2024 Close Date : October 3, 2024 Allotment Date: October 4, 2024 Listing Date: October 8, 2024

Important Details

IPO Price: INR 144-152 per share Lot Size: 800 Shares Total Issue Size: INR 93.70 crores

Fundamental Analysis

Subam Papers IPO shows mixed performance: 1. Losses in 2023, recovery in 2024. 2. Profitable with stronger RoNW and improved NAV. 3. Manageable debt and expanded asset base support outlook.

Peer Comparison

Subam Papers: Highest revenue (₹49,386.46 lakhs) and EPS (20.53). Shree Ajit Pulp and Paper: Highest NAV (₹302.68). Pakka Limited: Notable P/E ratio (22.36).

Objective

Subam Papers IPO Objective: 1. IPO funds: INR 75 crores for Subam Paper & Boards Private Limited expansion. 2. Remaining funds: General corporate purposes.

Risks And Challenges

Subam Papers IPO Risks: 1. Litigation risks: Past NCLT proceedings. 2. Revenue dependence: Kraft and Duplex Paper. 3. Risk factors: Inability to adapt could impact growth.