The eagerly awaited Subam Papers IPO allotment is likely to be finalized today, October 4, 2024, following the strong demand witnessed during the bidding period. Subam Papers, a BSE SME IPO, was open for subscription from September 30 to October 3, 2024, and was met with significant interest from investors across categories.
The IPO saw an impressive 92.93 times subscription overall, with a particularly strong response from the Non-Institutional Investors (NII) category, which was oversubscribed 243.16 times.
The retail portion also witnessed robust participation, being subscribed 48.97 times, while the Qualified Institutional Buyers (QIB) portion was subscribed 57.18 times.
Investors are eagerly awaiting the allotment process, which is expected to be completed today. Those who participated in the IPO can check their allotment status through various channels, such as the BSE website or the official portal of Bigshare Services Pvt Ltd, the IPO registrar.
How to Check Subam Papers IPO Allotment Status
If you applied for shares in the Subam Papers IPO, here’s a simple step-by-step guide to check your allotment status online:
Steps to Check Allotment on Bigshare Services Portal:
- Visit the IPO registrar’s website: Bigshare Services IPO Status Portal
- Select ‘Subam Papers Limited’ from the company dropdown menu.
- Choose the appropriate identification option: Application Number, PAN, or Beneficiary ID.
- Enter your details based on the option selected.
- Solve the Captcha code and click on ‘Search’.
- Your allotment status will be displayed on the screen.
Investors can also check the allotment status through the BSE website by entering their Application Number or PAN on the IPO status page.
Subam Papers IPO: Grey Market Premium (GMP) and Listing Expectations
As of October 4, 2024, the Subam Papers IPO is commanding a grey market premium (GMP) of ₹24 per share. This indicates that shares of Subam Papers are trading at ₹24 above the issue price in the unofficial grey market.
Key GMP Insights:
- GMP Today: ₹24 per share
- Issue Price: ₹152 per share
- Estimated Listing Price: ₹176 per share (a premium of 15.79%)
The current grey market premium suggests that the stock is expected to list at around ₹176, representing a 15.79% premium over the issue price of ₹152. While GMP provides an indication of market sentiment, it’s important to remember that the actual listing price may vary based on broader market conditions and demand on the listing day.
MUST READ: Khyati Global Ventures IPO Fully Subscribed on Day 1: Key Details, GMP, and What to Expect
Subam Papers IPO Details and Performance
The Subam Papers IPO was a book-built issue, raising a total of ₹93.70 crore through the public offering. The IPO consisted entirely of a fresh issue of 61.65 lakh shares, with the price band set at ₹144-₹152 per share.
The strong demand during the subscription period reflects investor confidence in Subam Papers Ltd, a company specializing in paper manufacturing. Subam Papers produces corrugated boxes, kraft paper, and other packaging products, catering to industries such as FMCG, pharmaceuticals, and electronics.
Subam Papers IPO Subscription Details:
| Category | Subscription |
|---|---|
| Overall Subscription | 92.93 times |
| Retail Investor Portion | 48.97 times |
| QIB Subscription | 57.18 times |
| NII Subscription | 243.16 times |
| IPO Size | ₹93.70 crore |
| Price Band | ₹144 – ₹152 per share |
| Listing Date | October 8, 2024 |
With the listing date scheduled for October 8, 2024, Subam Papers will be listed on the BSE SME platform. The company is expected to use the proceeds from the IPO to finance capital expenditures and meet working capital requirements as it looks to expand its operations.
Company Overview: Subam Papers Limited
Founded in Tamil Nadu, Subam Papers Ltd. is engaged in the production of various paper products, including kraft paper, corrugated boxes, and packaging materials.
These products are essential for packaging in industries such as FMCG, electronics, and pharmaceuticals, where efficient and sustainable packaging solutions are increasingly in demand.
The company has a strong presence in southern India and aims to expand its reach in both domestic and international markets. Subam Papers’ business model focuses on providing cost-effective, environmentally friendly packaging solutions that are aligned with the growing trend of sustainable production practices.
With the funds raised from the IPO, Subam Papers plans to enhance its manufacturing capacity and invest in new technologies to improve operational efficiency.
Subam Papers IPO: Should You Invest?
Investors who are looking for exposure to the paper and packaging industry may find Subam Papers an attractive investment opportunity, particularly given the strong demand for sustainable packaging solutions. The company’s solid fundamentals, growing demand for packaging products, and expansion plans suggest promising growth potential.
Key Considerations:
- Sustainable Packaging: As industries focus on reducing their environmental footprint, demand for sustainable packaging products is expected to rise.
- Robust Demand: The high subscription rates, especially in the NII and QIB categories, reflect strong investor confidence in the company’s growth prospects.
- Growth Potential: Subam Papers plans to use the IPO proceeds to enhance production capacity, positioning it for further growth in a rapidly expanding industry.
However, as with any IPO, investors should be mindful of market conditions on the listing day and consider their own investment objectives and risk tolerance.
MUST READ: NeoPolitan Pizza and Foods IPO Subscription Status, GMP, and Key Dates
Disclaimer
The information provided in this article is based on current market trends and the performance of Subam Papers Ltd. Investors are advised to conduct their own research or consult financial advisors before making any investment decisions. Stock market investments are subject to risks, and past performance is not indicative of future results.
