SME IPO Corner: Abril Paper Tech Limited

Surat based, Abril Paper Tech Limited, a leading manufacturer and supplier of sublimation heat transfer paper, is planning to raise up to Rs. 13.42 crore from its SME public issue. The company has received approval to launch its public issue on SME Platform of Bombay Stock Exchange. The public issue opens for subscription on August 29, 2025 and closes on September 02, 2025. Interactive Financial Services Ltd. is the book running lead manager of the issue.

• Issue Opens: August 29, 2025
• Issue Closes: September 2, 2025
• Face Value: Rs 10 each
• Price Band: Rs 61 per share
• Lot Size: 2000 Shares
• Listing: BSE SME

Founded and promoted by Prince Lathiya, Vipul Dobaria, and Ashishvin Lathiya, the company brings over eight years of industry expertise in sublimation and heat transfer paper solutions.

Currently, Abril operates a manufacturing and warehousing facility in Surat with an installed capacity of 600 lakh meters per annum. Post-expansion, the capacity will increase to 1,450 lakh meters per annum, equipped with advanced technology for high-quality sublimation papers designed for digital printing solutions.

The company specializes in sublimation heat transfer paper across multiple GSM specifications, 30, 65, 75, and 90 GSM, catering to diverse applications in printing, garments, textiles, hosiery, curtains, and furniture industries. Further, Abril is planning forward integration by setting up facilities for manufacturing heat transfer paper, specialized frames, and PP sheets, with a strong focus on export markets.

In addition to its strong B2B presence across 17 states in India, Abril plans to strengthen its B2C footprint through online and dealer networks, capitalizing on high-margin opportunities in design printing for cakes, FMCG packaging, and readymade garments.

The issue aims to raise funds for multiple objectives. Rs 5.40 crores will be utilized towards additional 2 fully automatic sublimation paper coating & slitting machines. Rs. 5.00 crores will be used to meet working capital requirements. Rs 2.01 crores will be used for general corporate purposes whereas Rs 1.01 crore will be used towards IPO expenses.

The initial public offering of Rs. 13.42 crore, comprises of a fresh issue of 22,00,000 shares of face value Rs. 10 each. Company has fixed price of Rs. 61 per equity share for the public issue. The minimum lot size investment for HNI is 3 lots (6000 shares) amounting to Rs.3,66,000. Shareholding post issue will be 79,81,840 shares, which as of now is 57,81,840 shares.

The market capitalization of Abril Paper Tech post IPO is Rs 48.69 crore. As on March 2025, Net Worth of the company was reported at Rs. 10.52 crore and Reserves & Surplus at Rs. 4.74 crore. As on March 2025, ROE of the company was 18.03%, ROCE at 16.38% and RoNW at 13.43%. Shares of the company will be listed on BSE SME platform.