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...