Abril Paper Tech Launches Rs 13.42 Crore IPO with 7% Grey Market Premium
Abril Paper Tech, a manufacturer of sublimation heat transfer paper, has opened its IPO to raise Rs 13.42 crore. The company is offering 22 lakh shares at Rs 61 per share, with the subscription closing on Tuesday and listing scheduled for September 5 on BSE SME. The company's revenue increased by 142% to Rs 60.91 crore, while profit after tax grew by 52% to Rs 1.41 crore. IPO proceeds will be used for machinery purchase, working capital, and general corporate purposes. The grey market premium stands at 7% above the issue price.
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Abril Paper Tech, a manufacturer of sublimation heat transfer paper for digital printing and textile sectors, has opened its Initial Public Offering (IPO) to raise 13.42 crore Indian Rupees (Rs). The company is offering 22 lakh shares at a price of Rs 61 per share.
IPO Details
| Parameter | Value |
|---|---|
| Issue Size | Rs 13.42 crore |
| Number of Shares | 22 lakh |
| Price per Share | Rs 61 |
| Minimum Lot Size | [Insert if available] |
| Subscription Closing | Tuesday |
| Listing Date | September 5 |
| Listing Platform | BSE SME |
Company Performance
Abril Paper Tech has shown significant growth in the fiscal year 2022-23 compared to the previous year:
- Revenue: Increased by 142.00% to Rs 60.91 crore from Rs 25.13 crore
- Profit After Tax: Grew by 52.00% to Rs 1.41 crore
Utilization of IPO Proceeds
The company plans to use the funds raised from the IPO for the following purposes:
- Rs 5.40 crore for machinery purchase
- Rs 5.00 crore for working capital
- Rs 2.01 crore for general corporate purposes
- Total: Rs 12.41 crore (remaining Rs 1.01 crore likely for issue expenses)
Market Sentiment
The grey market premium (unofficial trading in IPO shares before listing) for Abril Paper Tech's IPO currently stands at 7% above the issue price, indicating positive market sentiment towards the offering.
About the Company
Abril Paper Tech specializes in manufacturing sublimation heat transfer paper, catering to the digital printing and textile industries. The company's recent financial performance demonstrates strong growth in both revenue and profitability. Abril Paper Tech has established itself as a key player in the Indian sublimation paper market, known for its high-quality products and innovative solutions.
Risks
Potential investors should consider risks such as market competition, raw material price fluctuations, and regulatory changes in the paper and textile industries. As with all SME investments, liquidity risk should also be taken into account.
Investors interested in the SME sector and the paper technology industry may find this IPO an opportunity to consider. However, as with all investments, it is advisable to conduct thorough research and consider one's risk appetite before making any investment decisions.
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