SME IPO: Abril Paper public offer opens on August 29, price set at Rs 61 per share

Abril Paper Tech is coming up with an IPO (initial public offering). The public offering is worth Rs 13.42 crore. The company manufactures and supplies sublimation heat transfer paper. The IPO will open for subscription on Friday, August 29. The public issue will conclude on September 2.

The IPO is entirely a fresh issue of 22 lakh equity shares with a face value of Rs 10 each. At the upper hand of the price set for IPO, the company is going to fetch Rs 13.42 crore.

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The company has fixed the price at Rs 61 per equity share. The tentative allotment of the shares is expected on September 3, and the tentative listing is expected on September 5. The listing of the SME IPO will happen on the Bombay Stock Exchange's SME platform. As per investorgain.com, the unlisted shares of Abril Paper Tech are trading at Rs 65 per share, reflecting a GMP of 6.56 percent.

The company plans to use the proceeds to the tune of Rs 5.40 crore from the public offering for the addition of two fully automatic sublimation paper coating and slitting machines. An amount of Rs 5 crore will be earmarked for meeting working capital requirements. The remaining amount, Rs 2.01 crore, will be used for meeting general corporate expenditure. Additionally, the proceeds from the IPO, worth around Rs 1 crore, are earmarked for meeting IPO expenditure.

For the financial year 2025, FY25, the company reported a revenue from operations of Rs 60.91 crore. The company minted a profit after tax (PAT) of Rs. 1.41 crore in FY25. Abril Paper Tech is in the business of manufacturing and marketing sublimation paper rolls and related products. The company clientele includes various businesses in the printing, garment, textile, hosiery, curtain, and furniture industries. It operates a manufacturing and warehousing facility in Surat, the company said in its stock filing. Interactive Financial Services is the sole book-running lead manager for the IPO.