Abril Paper Tech IPO
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Abril Paper Tech IPO details
Schedule of Abril Paper Tech
| Issue open date | 29 Aug 2025 |
| Issue close date | 02 Sep 2025 |
| UPI mandate deadline | 02 Sep 2025 (5 PM) |
| Allotment finalization | 03 Sep 2025 |
| Refund initiation | 04 Sep 2025 |
| Share credit | 04 Sep 2025 |
| Listing date | 05 Sep 2025 |
| Mandate end date | 17 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 03 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 02 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Abril Paper Tech
Abril Paper Tech Private, incorporated in 2023 and based in Gujarat, manufactures sublimation heat transfer paper for India’s digital printing industry. The company produces paper in GSM specifications ranging from 30-90 GSM and sizes from 24-72 inches for applications in printing, garments, textiles, hosiery, and home furnishing sectors. Operating two coating lines at its Surat facility with 18 employees, Abril has grown from ₹26.78 lakhs turnover in 2019 to ₹6,091.08 lakhs in FY2025. The company maintains a pan-India distribution network and provides customer support services including on-site technical assistance. Raw materials constitute approximately 89% of manufacturing costs, with the company sourcing base paper directly from manufacturers and dealers.
Financials of Abril Paper Tech
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹13.42 crores |
| Fresh Issue | ₹13.42 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 5.4 (40.23%) |
| Working capital requirement | 5 (37.25%) |
| General corporate purposes | 2.01 (15%) |
| Miscellaneous | 1.01 (7.52%) |
Strengths
- Unique product quality and wide geographical reach.
- Maintains consistency in product quality.
- Efficient supply chain, and has built brand reputation.
- Practices sustainability and eco-friendly practices.
Risks
- Operates from a single facility in Surat, Gujarat, creating geographical concentration risks.
- Raw material price fluctuations or supply shortages could impact business operations.
- Depends on a few suppliers, and losing major suppliers may affect operations.
- Stakeholders are involved in litigation proceedings with potential adverse outcomes.
- Has demand-repayable unsecured loans from promoters and relatives, affecting liquidity risk.
Allotment Status for Abril Paper Tech
To check your allotment status – click here.
Subscription Figures for Abril Paper Tech
As per media reports (Link), the Grey Market Premium (GMP) of Abril Paper Tech is reported at ₹5.5 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 02, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 10.44 | 57.52 | 5.51x |
| Retail | 10.44 | 175.28 | 16.79x |
| Total | 20.88 | 233.92 | 11.20x |