Saffron Speciality Papers Limited IPO

IPO Details

• Open Date: To Be Announced
• Close Date: To Be Announced
• Minimum Investment: To Be Announced
• Lot Size: To Be Announced
• Price Range: To Be Announced
• Listing: BSE SME
• Issue Size: To Be Announced
• Listing Date: To Be Announced

IPO Timeline

• Bidding Start: To Be Announced
• Bidding Ends: To Be Announced
• Allotment Finalisation: To Be Announced
• Refund Initiation: To Be Announced
• Demat Transfer: To Be Announced
• Listing: To Be Announced

About Saffron Speciality Papers Limited

Saffron Speciality Papers Limited, incorporated in 2008, is engaged in the manufacturing and export of printed paper stationery and back-to-school paper stationery products. The company offers customised, mass-produced notebooks and stationery products featuring diverse finishes, bindings, and embellishments. It also provides commercial printing services to corporations, banks, government agencies, trusts, and institutional clients. In addition, the company has expanded into the paper packaging segment, catering to industries such as e-commerce, food, and electrical products. Operating from Bhiwandi, Maharashtra, Saffron benefits from strong logistics connectivity and serves both domestic and export markets through its diversified business verticals.

Saffron Speciality Papers Limited IPO Overview

Saffron Speciality Papers Limited is planning to launch a Book Building IPO comprising a fresh issue of 55,60,000 equity shares. The IPO dates, price band, lot size, issue size, and listing date are yet to be announced. The issue will be listed on the BSE SME platform. The IPO consists entirely of a fresh issue, and there is no offer for sale component. BOI Merchant Bankers Ltd. has been appointed as the Book Running Lead Manager, while NSDL Database Management Ltd. will act as the registrar to the issue. The company intends to utilise the proceeds for establishing a new manufacturing facility in Bhiwandi, repayment of borrowings, enhancement of working capital requirements, and general corporate purposes. Further details regarding allotment, refunds, and listing schedules are expected to be announced closer to the issue opening date.

Saffron Speciality Papers Limited IPO Details

Particulars	Details
IPO Date	To Be Announced
Listing Date	To Be Announced
Face Value	₹10 per share
Issue Price Band	To Be Announced
Lot Size	To Be Announced
Total Issue Size	55,60,000 shares
Fresh Issue	55,60,000 shares
Offer for Sale	NA
Issue Type	Book Building IPO
Listing At	BSE SME
Share Holding Pre Issue	1,32,53,951 shares
Share Holding Post Issue	1,88,13,951 shares
Market Maker Portion	To Be Announced

 Saffron Speciality Papers Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Saffron Speciality Papers Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	TBA	TBA	TBA
Retail (Max)	TBA	TBA	TBA
HNI (Min)	TBA	TBA	TBA

Saffron Speciality Papers Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	To Be Announced

Speciality Papers Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹8.07
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	37.48%
Net Asset Value (NAV)	₹28.93
Return on Equity	37.48%
Return on Capital Employed (ROCE)	24.06%
EBITDA Margin	9.20%
PAT Margin	4.22%
Debt to Equity Ratio	3.68

Objectives of the Proceeds

• Funding ₹10 crore towards establishing a new manufacturing facility in Bhiwandi, Maharashtra, to expand production capacity.
• Repayment or prepayment of borrowings amounting to ₹27 crore to reduce debt obligations and interest costs.
• Funding working capital requirements of ₹15 crore, including expansion needs of the paper packaging segment.
• Supporting general corporate purposes and strengthening the company’s overall business operations and growth plans.

Key Financials (₹ Crore)

Particulars	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	196.38	212.51	123.76	77.92
Revenue	49.73	253.25	190.90	132.57
Profit After Tax	2.13	10.68	6.24	(0.02)
Reserves and Surplus	27.21	25.08	6.31	10.19
Total Borrowings	117.66	140.96	90.14	39.05

SWOT Analysis of Saffron Speciality Papers Limited

Strengths & Opportunities	Weaknesses & Threats
Diverse portfolio spanning stationery, printing and packaging segments.	High debt levels reflected in elevated debt-to-equity ratio.
Strong relationships with domestic and export customers.	Profit margins remain relatively modest despite revenue growth.
Strategic Bhiwandi location offers logistical and distribution advantages.	Business depends significantly on paper and raw material prices.
Expansion into paper packaging creates additional revenue streams.	Competitive stationery and printing markets may pressure pricing.
Commercial printing segment caters to high-value institutional clients.	Working capital-intensive operations require continuous funding.
New manufacturing facility can enhance production capacity.	Economic slowdowns may reduce demand from corporate customers.
Growing demand for sustainable paper-based products supports expansion.	Dependence on key customers could affect revenue stability.
Experienced management team supports execution of growth initiatives.	Regulatory and environmental compliance costs may increase over time.

 IPO Strengths

• Experienced management and operational team.
• Long-standing relationships with customers across industries.
• Strong presence in both domestic and export markets.
• Strategic Bhiwandi location with excellent logistics connectivity.
• Diversified business verticals reducing dependence on a single segment.
• Growing presence in commercial printing and paper packaging businesses.

Peer Group Comparison

As per the DRHP, there are no comparable listed peers identified by the company. Therefore, information related to peer comparison has not been provided.

FAQs

1. How can I apply for Saffron Speciality Papers Limited IPO?

You can apply for the Saffron Speciality Papers Limited IPO through HDFC Sky using the UPI-based ASBA process. Investors should ensure that they have a valid demat account and sufficient funds available before submitting their application.

2. What is the issue size of the Saffron Speciality Papers Limited IPO?

The IPO comprises a fresh issue of 55,60,000 equity shares. However, the final issue size in rupee terms will be determined after the company announces the issue price band and other offer details.

3. What are the objectives of the Saffron Speciality Papers Limited IPO?

The company intends to utilise the IPO proceeds for setting up a new manufacturing facility, repaying borrowings, meeting working capital requirements, and supporting general corporate purposes to strengthen future business growth.

4. When will the Saffron Speciality Papers Limited IPO open for subscription?

The IPO dates have not yet been announced. Investors should monitor official company filings and offer documents for updates regarding the opening date, closing date, allotment schedule, and listing timeline.

5. On which stock exchange will Saffron Speciality Papers Limited be listed?

Saffron Speciality Papers Limited proposes to list its equity shares on the BSE SME platform. The final listing date will be announced once the company releases the detailed IPO schedule.

Infographic Content

Saffron Speciality Papers Limited IPO Highlights

Saffron Speciality Papers Limited manufactures and exports printed paper stationery, notebooks, commercial printing products, and paper packaging solutions. The company serves domestic and international markets and operates diversified business verticals with strong logistics advantages from its Bhiwandi location.

• Offer Size: To Be Announced (Fresh Issue of 55,60,000 Shares; OFS NA
• Purpose: Funds will be used for a new manufacturing facility, debt repayment, working capital requirements, and general corporate purposes.
• Financials (FY March 2025: Revenue: ₹253.25 crore; PAT: ₹10.68 crore; EPS: ₹8.07
• Listing: SME IPO on BSE SME