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Abril Paper Tech IPO
Abril Paper Tech Ltd
₹1,22,000 /2000 sharesMinimum Investment
Abril Paper Tech IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹61.00 | ₹48.80 | -₹12.20 (20.00%) |
Abril Paper Tech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 29 Aug ‘25 - 2 Sep ‘25 | ₹2,44,000 | 2,000 | ₹61 - ₹61 |
| Issue Size | IPO Doc |
|---|---|
| 13.42Cr | RHP PDF |
Subscription rate
As of 02 Sep'25, 04:01 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 5.51x |
| Retail Individual Investor | 16.22x |
| Total | 10.36x |
About Abril Paper Tech
Founded in
2019
Managing director
Mr. Vipul Dobariya
Parent organisation
Abril Paper Tech Ltd
Strengths & Financials of Abril Paper Tech
Strengths
Risks
Abril Paper Tech claims to have developed a distinctive coating quality for its sublimation paper, setting it apart from other manufacturers. The company uses natural shade raw materials across all grades and sizes, ensuring consistent high-quality production for long-term customers.
The company operates in over 17 states and 2 Union Territories of India, with a diversified customer base spanning industries like printing, textiles, garments, hosiery, and home decor. This broad market reach reduces dependence on any single customer, fostering long-term relationships and repeat business.
Abril Paper Tech claims to continuously innovate in coating technologies and paper quality to enhance print clarity, colour vibrancy, and durability. These advancements help the company maintain a strong competitive edge in the sublimation printing market.
Abril Paper Tech offers a wide range of specialised products tailored to various industries such as textiles, ceramics, and promotional items. This customisation ensures that the company meets the specific needs of its customers, helping to foster loyalty and long-term partnerships.
With a focus on timely shipments and flexibility in meeting demand fluctuations, Abril Paper Tech claims to have an efficient supply chain. This efficiency provides the company with a significant edge over competitors, ensuring reliable delivery.
Abril Paper Tech claims to provide a good balance between high quality and competitive pricing, appealing to a broad range of customers.
The company claims to use eco-friendly materials in its products and to reuse sublimation paper through a gumming process. This approach not only minimises waste but also supports environmental responsibility, helping Abril Paper Tech meet growing consumer demand for sustainable products.
The company has reported a consistent increase in profit after tax (PAT) over the years. It increased from Rs 0.39 crore in FY23 to Rs 0.96 crore in FY24 and Rs 1.41 crore in FY25.
Abril Paper Tech is dependent on third parties for the supply of essential utilities such as water, gas, and electricity at its manufacturing facilities. Any disruption in the supply of these utilities could adversely impact the company’s manufacturing operations, resulting in delays or non-delivery of products, loss of revenue, and potential damage to customer relationships.
The company reported negative cash flow from operating activities amounting to Rs 3.17 crore in FY25, Rs 3.43 crore in FY24, and Rs 3.07 crore in FY23. This was mainly due to negative working capital, driven by an increase in trade receivables and inventories, which exceeded the profit earned by the company. If this trend continues, it could adversely affect the company’s financial condition.
The company's sole manufacturing facility is located in Palsana, Surat, Gujarat. This geographic concentration increases the company’s exposure to region-specific risks.
The company derives a significant portion of its revenue from Gujarat. It accounted for Rs 40.04 crore (65.73 percent) of the company’s total revenue in FY25, Rs 19.23 crore (76.53 percent) in FY24, and Rs 24.95 crore (98.81 percent) in FY23. This concentration of business poses region-specific risks for the company.
The top 10 customers accounted for Rs 18.26 crore (29.97 percent) of the company’s total revenue in FY25, Rs 8.48 crore (33.75 percent) in FY24, and Rs 11.60 crore (45.91 percent) in FY23. Any loss of any of these customers, or failure to expand the customer base, could adversely affect the company’s operations and finances.
The cost of raw materials, particularly base paper and coating compounds, accounts for more than 85 percent of Abril Paper Tech's revenue from operations. As the company relies heavily on paper rolls from manufacturers and dealers, any fluctuations in prices or supply shortages could significantly raise production costs. If the company is unable to pass on these increased costs to customers due to competitive pressures or other factors, its profitability could be hit.
The top five suppliers accounted for Rs 39.61 crore (68.41 percent) of the company’s total purchases in FY25, Rs 13.00 crore (55.16 percent) in FY24, and Rs 18.79 crore (81.18 percent) in FY23. The top supplier alone accounted for Rs 15.38 crore (26.56 percent) of the company’s total purchases in FY25, Rs 5.05 crore (21.43 percent) in FY24, and Rs 7.11 crore (30.73 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company, its promoters, and directors are involved in various tax proceedings. Any adverse judgment in any of the cases could be detrimental to the company’s business prospects.
As of FY25, the company had trade receivables of Rs 6.21 crore. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
Abril Paper Tech Financials
*All values are in Rs. Cr
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Application Details of Abril Paper Tech IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹61 - 61 | ₹2 - 5 Lakh |
For Abril Paper Tech IPO, eligible investors can apply as Individual investor.