The Subam Papers IPO has attracted considerable attention from investors, evident from its robust subscription rates and favorable Grey Market Premium (GMP). As the final day of bidding approaches, many investors are eager to see how the shares perform upon their listing on the BSE SME. Conducting thorough research on the company’s fundamentals, market position, and potential risks is crucial before investing in any IPO. This offering presents an exciting opportunity for those looking to invest in a growing player within the paper manufacturing industry.
On the last day of bidding, investor interest in the Subam Papers IPO remains strong. The IPO has been oversubscribed 14.59 times, with bids placed for 5,98,05,600 shares against the 40,99,200 shares on offer. This high subscription level indicates significant demand for the company’s shares.
- Qualified Institutional Buyers (QIBs): This category has seen a subscription rate of 1.63 times.
- Non-Institutional Investors (NIIs): There was substantial interest from this group, with a subscription rate of 18.57 times.
- Retail Individual Investors (RIIs): Retail participation was particularly strong, with a subscription rate of 20.29 times.
The Grey Market Premium (GMP) for Subam Papers shares serves as another key indicator for investors. Currently, the GMP stands at ₹18, suggesting that unlisted shares of Subam Papers are trading ₹18 above the IPO issue price. This reflects an anticipated gain of 11.84% when the shares officially list. A positive GMP indicates strong market sentiment and confidence in the company’s future performance.
IPO Details
The Subam Papers IPO opened for subscription on September 30, 2024, and will close today, October 3, 2024. The price band for the IPO is set between ₹144 and ₹152 per share, featuring a fresh issue of 61.65 lakh shares.
Investors interested in participating should note the minimum investment requirements. Retail investors must invest in a minimum lot size of 800 shares, totaling ₹121,600. For high-net-worth individuals (HNIs), the minimum investment is ₹243,200, which consists of 1,600 shares (2 lots).
Key Dates
Here are some important dates related to the Subam Papers IPO:
- IPO Open Date: September 30, 2024
- IPO Close Date: October 3, 2024
- Allotment Date: Expected on October 4, 2024
- Expected Listing Date on BSE SME: October 8, 2024.
Subam Papers is a prominent manufacturer of paper and paperboard products in India. The company boasts a strong market presence and a diverse product range. The funds raised from the IPO are intended for expansion efforts, debt repayment, and general corporate purposes.
The Subam Papers IPO has captured significant investor interest, as demonstrated by strong subscription rates and a positive GMP. With the bidding concluding today, investors are eager to see how the shares will fare once listed on the BSE SME. It remains vital for potential investors to conduct diligent research on the company’s fundamentals, market positioning, and associated risks. This IPO represents a compelling opportunity for those keen on investing in a growing entity within the paper manufacturing sector.
