Abril Paper Tech IPO: BSE SME Issue Subscribed 1.35x On Day 1; GMP Jumps 9.02% Ahead of Listing

Abril Paper Tech Ltd, a prominent producer and supplier of sublimation heat transfer paper with headquarters in Surat, aims to raise up to Rs. 13.42 crore via its initial public offering (IPO). On August 29, 2025, the public issue became live for subscriptions, and it will end on September 02, 2025.

Day 1 of the Abril Paper Tech IPO saw a steady response, with 1.35 subscriptions made in total by August 29, 2025, at 5:04 PM. Demand for 16 lakh shares, valued at Rs 9.76 crore, came from individual investors, who led the subscription trend with bids that were 1.53 times higher than the 10.44 lakh shares that were allotted. A total of Rs 6.76 crore was paid in bids for 11.08 lakh shares, 1.06 times the number of shares offered to the Non-Institutional Buyers (NII) category. A robust level of investor interest in the issue is demonstrated by the fact that 461 applications were received and that 28.20 lakh shares were bid for out of the 20.88 lakh shares available.

The fresh issuance of 22,00,000 shares with a face value of Rs. 10 apiece is part of the Rs. 13.42 crore initial public offering. For the public offer, the company has set the price at Rs. 61 per equity share. 20,88,000 shares are up for public sale, while 1,12,000 shares are set aside for market makers. The lot size is 2000, and two lots (4000 shares) are available to individual investors, totalling Rs 2,44,000 in investment. For HNI, the minimum lot size investment is three lots (6000 shares), or Rs. 3,66,000.

The IPO aims to raise funds for a number of causes. Two more fully automated sublimation paper coating and slitting machines will be purchased for Rs 5.40 crores. To cover working capital needs, Rs. 5.00 crores will be spent. While Rs 1.01 crore would go toward IPO expenses, Rs 2.01 crore will be utilized for general corporate reasons.

Commenting on the IPO, Mr. Prince Lathiya, Non-Executive Director, Abril Paper Tech Ltd, said, "This IPO marks an important milestone in our growth journey. 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. Our vision is to position Abril as a trusted name in high-quality printing solutions and to deliver consistent value to our stakeholders."

On September 3, 2025, the share allotment for the Abril Paper Tech IPO is anticipated to be finalized. The proposed listing date for Abril Paper Tech's initial public offering (IPO) is set for September 5, 2025, on the BSE SME.

Kfin Technologies Ltd. is the issue registrar, while Interactive Financial Services Ltd. is the book-running lead manager. B.N. Rathi Securities Ltd. is the company's market maker.

The grey market is paying attention to the Abril Paper Tech SME IPO; as of August 30, 2025, 02:58 PM, the latest GMP (Grey Market Premium) was Rs 5.5. The estimated listing price is set at around Rs 66.5, which corresponds to an anticipated gain of roughly 9.02% per share considering the IPO price band of Rs 61.00.