Abril Paper Tech shares to list today: All eyes on GMP after healthy subscription

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The shares of Abril Paper Tech, a Gujarat-based manufacturer of sublimation heat transfer paper, is set to debut on the BSE SME platform on Friday. Ahead of its listing, the company’s shares are commanding a modest GMP of 5%, indicating expectations of a small positive listing.

IPO subscription and demand


The Rs 13.42 crore IPO, priced at Rs 61 per share, received decent investor participation when it opened for bidding between August 29 and September 2. The issue was subscribed 11.20 times overall, led by enthusiastic retail participation.

Retail investors bid 16.79 times their quota of 10.44 lakh shares, while the non-institutional investor (NII) portion was subscribed 5.51 times. In total, Abril Paper Tech received over 2.33 crore bids against 20.88 lakh shares on offer to the public. This demand is seen as a reflection of investor interest in niche manufacturing companies with clear sectoral focus.

Use of proceeds


The company plans to deploy the IPO proceeds towards funding capital expenditure, working capital, and general corporate purposes. About Rs 5.40 crore has been earmarked for purchasing new machinery to expand production. and another Rs 5 crore will go toward meeting working capital requirements. The balance will be used for general corporate purposes, providing the company with greater operational flexibility.

About Abril Paper Tech


Founded in 2023, Abril Paper Tech is engaged in producing sublimation heat transfer paper, used widely in the digital printing industry for textiles, garments, hosiery, home furnishings, and industrial applications.

The company offers a range of paper products from 30 GSM to 90 GSM in various sizes, catering to diverse needs of the printing and apparel sectors. Its manufacturing facility is located in Palsana, Gujarat, strategically positioned to serve textile hubs.

Financial performance


The company has posted sharp growth in FY25. Revenue rose 142% year-on-year to Rs 60.91 crore, while profit after tax climbed 52% to Rs 1.41 crore.

Outlook


Investors will watch closely whether Abril Paper Tech can sustain its growth momentum and expand profitably in the fast-growing sublimation printing segment.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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