October 8, 2024
New Delhi, India
BSE SME IPO
Subam Papers made a weak debut on the BSE SME platform today, with shares listing at ₹142, a 6.58% discount to the IPO issue price of ₹152 per share. The IPO had initially opened for subscription on September 30 and closed on October 3.
IPO Subscription Details
The Subam Papers IPO witnessed strong demand, with the issue being subscribed a total of 92.93 times. Here’s the breakdown:
- Retail Category: 48.97 times
- Qualified Institutional Bidders (QIB): 57.18 times
- Non-Institutional Investors (NII): 243.16 times
The allotment for the IPO was finalized on October 4, and today, October 8, marks the company’s first trading day on the BSE SME.
IPO Details
- Price Band: ₹144 to ₹152 per share
- Issue Size: ₹93.70 crore (61.65 lakh shares)
- Listing Price: ₹142 per share (6.58% below the issue price)
Lead Manager and Registrar
- Book Running Lead Manager: Gretex Corporate Services Limited
- Registrar: Bigshare Services Pvt Ltd
The weak listing of Subam Papers contrasts with its high subscription rates, especially in the NII category. Investors will now watch the stock’s performance post-listing for further market movement.
Disclaimer:
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