Abril Paper Tech Announces Rs 13.42 Crore IPO, Priced at Rs 61 Per Share
Abril Paper Tech, a Surat-based manufacturer of sublimation heat transfer paper, has announced its IPO to raise Rs 13.42 crore. The issue of 22 lakh equity shares is priced at Rs 61 per share and will open for subscription from August 29 to September 2. The company plans to use the funds for purchasing machinery, working capital, and general corporate purposes. Abril Paper Tech reported a revenue of Rs 60.91 crore and a profit after tax of Rs 1.41 crore. The shares will be listed on the BSE SME Platform.
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Abril Paper Tech, a Surat-based manufacturer and supplier of sublimation heat transfer paper, has announced its Initial Public Offering (IPO) with shares priced at Rs 61 each. The company aims to raise Rs 13.42 crore through this public issue, which is scheduled to open for subscription on August 29 and close on September 2.
IPO Details
- Issue Size: 22 lakh equity shares
- Face Value: Rs 10 per share
- Issue Price: Rs 61 per share
- Total Issue Amount: Rs 13.42 crore
- Subscription Period: August 29 - September 2
- Listing: BSE SME Platform
Fund Utilization
The company has outlined its plans for utilizing the IPO proceeds:
| Purpose | Amount (in Rs crore) |
|---|---|
| Purchase of two automatic sublimation paper coating and slitting machines | 5.40 |
| Working capital requirements | 5.00 |
| General corporate purposes | 2.01 |
| Public issue expenses | 1.01 |
| Total | 13.42 |
Company Overview
Abril Paper Tech operates from Surat and boasts a manufacturing capacity of 600 lakh meters per annum. The company serves various industries, including:
- Printing
- Garments
- Textiles
- Furniture
Financial Performance
Abril Paper Tech reported:
- Revenue: Rs 60.91 crore
- Profit After Tax: Rs 1.41 crore
Additional Information
Interactive Financial Services has been appointed as the sole book-running lead manager for this IPO.
The IPO comprises entirely of fresh issue of shares, indicating that the company is looking to raise capital for expansion and operational needs rather than providing an exit to existing shareholders.
Investors interested in the SME sector and the paper industry may find this IPO noteworthy. However, as with all investments, it is advisable to thoroughly research and consider one's financial goals and risk appetite before making any investment decisions.
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