Abril Paper Tech IPO Witnesses 10.7x Overall Subscription; Retail Portion Leads the Charge with 14.9x Demand

Surat, September 2, 2025 – Abril Paper Tech Limited’s ₹13.42 crore SME Initial Public Offering closed today on a positive note, with enhanced investor interest across groups. Based on BSE data as of 5:03 p.m. IST, the issue witnessed bids for 2.35 crore shares against 22 lakh shares on offer, with an overall subscription of 10.68 times.

Abril Paper Tech Limited, a Surat-based sublimation paper manufacturer, now joins the list of oversubscribed SME IPOs in FY26, indicating strong investor interest in the speciality paper and textile supply chain segment.

Retail Investors Fuel Demand

The retail individual investor (RII) category was the emphatic winner, with a good 15 times oversubscription. Investors bid for 1.75 crore shares against the available 11.44 lakh shares, reflecting the voracious demand among small investors for this SME issue.

HNIs and NIIs Join in with Gusto

The non-institutional investor (NII/HNI) segment also saw tremendous traction with bids amounting to 58.64 lakh shares against the quota of 10.88 lakh shares. This worked out to an oversubscription of 5.39 times, reflecting the faith of high-value investors in Abril Paper Tech’s future.

QIB Portion Fully Subscribed

The QIB segment, including the market maker in some cases, subscribed at 1.0x in full. While small relative to retail and HNI demand, the total subscription in this category adds to the credibility of the issue.

Net Offer vs Market Demand

From the overall issue size of 22 lakh shares, 1.12 lakh shares were to go to the market maker, leaving 20.88 lakh shares to the public. Against this net issue, the valid bids stood at 2.35 crore shares, indicative of the size of investor interest.

What Comes Next

The basis of allotment is expected to be announced by September 3 or 4, 2025. Share allotment status will be available online as soon as it is announced. Abril Paper Tech IPO is coming to list on the BSE SME platform within the span of T+3 days, hence the probable first-listing date is September 5, 2025.

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