The Subam Papers IPO is set to launch on September 30, 2024, and aims to raise approximately ₹93.70 crores. This SME IPO has a price band established between ₹144 to ₹152 per share, with a minimum market lot consisting of 800 shares. Subam Papers Limited is located in Nadukallur near Tirunelveli, Tamil Nadu, and specializes in the manufacturing of Kraft Paper and various paper products. Since its inception in 2004, the company began with paper cones and has expanded its product line to include Duplex board and Kraft paper.
Subam Papers IPO Details
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 3, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹144 to ₹152 Per Share |
| Issue Size: | Approx ₹93.70 Crores |
| Fresh Issue: | Approx ₹93.70 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Subam Papers IPO Important Dates
| IPO Open Date: | September 30, 2024 |
| IPO Close Date: | October 3, 2024 |
| Basis of Allotment: | October 4, 2024 |
| Refunds: | October 7, 2024 |
| Credit to Demat Account: | October 7, 2024 |
| IPO Listing Date: | October 8, 2024 |
Subam Papers IPO: Grey Market Premium (GMP) Information
The current IPO Grey Market Premium (GMP) for the Subam Papers IPO is reported to be ₹25. In the context of IPOs, Kostak Rate indicates the premium one might receive by selling their IPO application to another investor before the actual allotment or listing occurs; for Subam Papers, this rate stands at ₹-. Furthermore, the Subject to Sauda, which represents an off-market transaction, is quoted at ₹15,000. Based on current trends, the expected returns from the Subam Papers IPO are estimated at 16%.
Disclaimer
- The mentioned IPO Grey Market Premium (GMP) is valid only for the date specified.
- This platform does not engage in buying or selling IPO forms in the grey market.
- The Kostak Rate refers to the premium from selling one’s IPO application prior to allotment.
- It is crucial to base investment decisions on the fundamentals of the company, rather than solely on premium prices, which can fluctuate before listing.
