Subam Papers IPO Subscription Status At 13x, GMP Holds Steady On Day 3; Should You Apply?
New Delhi: Subam Papers IPO Subscription Status was decent by 12 pm on the last day of the Rs 93.70 crore three day stake sale process. While, Subam Papers IPO GMP today held steady. The company’s shares’ premium in the grey market has only increased ever since the Small and Medium Enterprise (SME) Initial Public Offer (IPO) had begun on September 30, 2024.
Subam Papers IPO Subscription Status
Subam Papers IPO Subscription Status stood 13x the total size at the time of writing this article on Thursday, October 03, 2024, according to Chittorgarh. Retail traders have shown more interest than Non-Institutional Investors’ (NIIs). On one hand, the NIIs’ category was oversubscribed 14 times, while, the retail quota stood oversubscribed 17x.
Subam Papers IPO GMP Today
According to InvestorGain, Subam Papers IPO GMP today stood steady at Rs 60. Considering the upper limit of the Subam Papers IPO’s price band of Rs 144-152 per share, and the latest grey market premium, Subam Papers IPO listing price of Rs 211 can be estimated. This also signals Subam Papers IPO listing gains of 39%. Albeit, grey market premium cannot be considered as official figure!
Subam Papers IPO Details
The SME IPO is entirely a fresh issue of equity shares. It does not subsume an Offer For Sale (OFS). This means promoters have not decided to sell their stake. The company will get 100% of all the cash raised. Subam Papers IPO Allotment Date is tentatively Friday, October 04, 2024. While, Subam Papers IPO listing date is tentatively Tuesday, October 8, 2024 on BSE SME. Retail investors can subscribe the SME IPO with a minimum of Rs 1.21 lakh. The minimum lot size is 800 shares.
About Subam Papers
Established in 2005, Subam Papers is a “comprehensive packaging solutions provider.” The paper manufacturer is known for produce like ‘Kraft Paper’, corrugated boxes, duplex boards, etc. As far as its financials are concerned, according to Zerodha, the company reported Profit After Tax (PAT) of Rs 33.42 crore and revenue of Rs 496.97 crore in March 2024.
(Disclaimer: This article is only meant to provide information. News24 does not recommend buying or selling shares or subscription of an IPO or Mutual Funds)
