Weak market debut: Abril Paper Tech shares list at 20% discount on BSE SME platform

Abril Paper Tech IPO

The shares of Abril Paper Tech made a weak stock market debut on September 5, listing at Rs 48.80 apiece on the BSE SME platform. This marks a 20 percent discount over the IPO price of Rs 61 apiece.

The listing discount comes despite unlisted shares trading with nearly 5 percent premium in the grey market, ahead of listing, according to data on Investorgain.

The maiden public issue of the company saw decent investor interest during its three days of public bidding, being fully subscribed between August 29 and September 2. Investors could apply for a minimum of 2,000 shares, requiring an investment of Rs 1.22 lakh, and in multiples thereafter.

The manufacturer and supplier of sublimation heat transfer paper had moved to the capital markets to raise Rs 13.42 crore through an IPO which entirely comprised a fresh issue of 22 lakh equity shares at a price of Rs 61 per share.

Proceeds from the fresh issue to the tune of Rs 5.40 crore will be utilised towards additional two fully automatic sublimation paper coating and slitting machines, Rs 5 crore will be used to meet working capital requirements and Rs 2.01 crore will be used for general corporate purposes.

Abril Paper Tech Ltd (APTL) is engaged in the manufacturing and marketing of sublimation paper rolls and related products. The company caters to diverse applications in printing, garments, textiles, hosiery, curtains, and furniture industries.

Abril operates a manufacturing and warehousing facility in Surat with an installed capacity of 600 lakh meters per annum, the company said.

"We have built a strong foundation in the sublimation and heat transfer paper industry, and the fresh funds will enable us to expand capacity, upgrade technology, and strengthen our market presence," Prince Lathiya, Non-Executive Director, Abril Paper Tech Ltd, said.

The company reported revenue from operations of Rs 60.91 crore and profit after tax of Rs 1.41 crore in FY25.

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