Abril Paper Tech IPO

About Abril Paper Tech IPO

The IPO of Abril Paper Tech Ltd comprises a fresh issue of up to 22,00,000 equity shares. There’s no offer for sale in this IPO, which is a fixed-price issue. The price band is ₹61 and the lot size is 4000. The IPO opens on August 29, 2025 and closes on September 2, 2025.

The listing date is on or before September 5, 2025 and the allotment date is on or before September 3, 2025. The credit of shares to the Demat account will take place on or before September 4, 2025, while the initiation of refund will take place on or before September 4, 2025.

Abril Paper Tech Ltd specialises in producing sublimation heat transfer paper in various GSM (grams per square meter) specifications, including 30, 65, 75, and 90 GSM. Each GSM specification is designed to meet different needs within the sublimation printing process, offering a range of applications from light and delicate transfers to more robust and detailed printing tasks.

Objectives of Abril Paper Tech IPO

The company proposes to utilise the IPO proceeds for:

• Capital expenditure for plant and machineries
• Working capital
• General corporate purposes

Industry Outlook

India's paper industry is a global contender, contributing around 5% to the world's paper production and ranking among the top 15 paper-producing countries worldwide. This presents a unique opportunity to invest in paper products within India.

Among the 750 mills in the country, 50 boast a substantial capacity of approximately 50,000 TPA, primarily concentrated in states like Tamil Nadu, Andhra Pradesh, Maharashtra, Punjab, Madhya Pradesh, and Gujarat.

The paper industries are one of the fastest-growing industrial sub-sectors in India as the continuous demand for paper increased in education and literacy, growth in organised retail, eCommerce, Fast-moving consumer goods (FMCG), pharmaceuticals, and healthcare.

The demand for quality packaging, as well as an increase in the ban on plastics and increment in eco-friendly paper bags, has added to the expansion of paper industries. Till now, paper clusters in India have seen a shift in production from 10.99 MT in 2010 to 19.36 MT in 2019 (CPPRI 2020). Further, this sector is expected to grow at a 6% CAGR, with paper production of around 39.2 million tons by 2030 (IPMA 2018).

Company Information

Abril Paper Tech Ltd specialises in producing sublimation heat transfer paper in various GSM (grams per square meter) specifications, including 30, 65, 75, and 90 GSM. Each GSM specification is designed to meet different needs within the sublimation printing process, offering a range of applications from light and delicate transfers to more robust and detailed printing tasks. It has its own dedicated sales team to market its products and maintain strong customer relationships.

Strengths of Abril Paper Tech IPO

• Wide geographical reach
• Technological advancements
• Product quality and consistency
• Customisation and range of offerings
• Price Competitiveness

Risks of Abril Paper Tech IPO

• Delay in procurement of equipment may impact expansion timeline
• Risk of disruption in supply of critical utilities
• Geographical concentration of operations
• Dependence on promoters and key managerial personnel
• Possibility of re-experiencing negative cash flows in the near future

Peer Comparison

There is no listed entity in the business in which the company is operating hence peer comparison is not given. The company specialises in producing sublimation heat transfer paper in various GSM (grams per square meter) specifications, including 30, 65, 75, and 90 GSM.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: KFin Technologies Ltd
• Book Running Lead Manager: Interactive Financial Services Ltd

Business Model

Abril Paper Tech Ltd supplies the following sublimation papers:

• 30 GSM: Lightweight paper, typically used for high-speed printing where the focus is on fast drying times and lower ink consumption.
• 65 GSM: A balanced option offering a mix of good ink absorption and drying time, suitable for a variety of printing applications.
• 75 GSM: Popular for more detailed prints, offering good ink retention and transfer quality, often used in fashion and sportswear printing.
• 90 GSM: Heavy-duty paper designed for high-quality, intricate designs, with excellent ink retention and transfer properties, ideal for premium products.

Company Growth Trajectory

The revenue from operations of Abril Paper Tech Ltd grew from ₹25.2564 crores in FY 23 to ₹60.9108 crores in FY 25. Its PAT margin has grown from 1.54% in FY 22 to 2.32% in FY 25. Unique product quality coupled with wide geographical reach has helped the company grow over the years.

Market Position

Abril Paper Tech Ltd has a well-diversified customer base across varied end-use industries such as Printing, Textile, Garments, Hosiery and home decor from all over India. As on the date of its DRHP, the company has sold its products in over 17 states of India and 2 Union territories. This reduces the intensity of any significant single customer’s contribution in its revenues.

How to Check Allotment Status of Abril Paper Tech IPO?

1. Visit the Registrar’s Website

• Visit the official website of KFin Technologies Ltd
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’
• Click on any one of the appearing links
• Choose IPO name and enter either your application number, Demat account or PAN number
• Enter captcha and click on ‘Submit’ to know the status

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
• Select the Issue Name from dropdown
• Put in either your application number or PAN number
• Check the box ‘I’m not a robot’
• Click on ‘Search’ to know allotment status

How to Apply for the Abril Paper Tech IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.