- POSITIVE
Annual Revenue Abril Paper Tech Mar-2026 Annual Revenue is Rs 65 Cr which is growth of 7.2% YoY.
- POSITIVE
Annual Net Profit Abril Paper Tech Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of 6.3% YoY.
Abril Paper Tech was incorporated on January 01, 2019. The company manufactures sublimation heat transfer paper in multiple GSM variants (30, 65, 75, and 90) to serve diverse printing applications. With a dedicated sales team, it markets products effectively and maintains strong customer relationships
| Bidding Dates |
|---|
| 29 Aug 2025 - 02 Sep 2025 |
| Subscription |
|---|
| 10.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹244,000 | 2 | 2 | 2000 | 2.2 M | ₹61 | 61.71 % | ₹134.2 M | RHP DOC |
Abril Paper Tech IPO SUBSCRIPTION STATUS
02 Sep '25Total10.68x
Retail Individual Investor16.04x
HNI (NII) Investors5.33x
Qualified Institutional Buyers-
Abril Paper Tech IPO overall subscription rate was 10.68 times the total available shares
Abril Paper Tech IPO retail subscription rate was 16.04 times in the retail segment
Abril Paper Tech IPO non-institutional investor subscription rate was 5.33 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
02 Sep 2025 (Day 3) | 16.04x | 5.33x | - |
01 Sep 2025 (Day 2) | 2.9x | 1.48x | - |
29 Aug 2025 (Day 1) | 1.56x | 1.01x | - |
Abril Paper Tech FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 60.9 | 1.4 | -3.2 | -3.3 | 3.3% |
| FY24 | 6.8 | 0.4 | -3.4 | -3.9 | 9.0% |
| Note: FY24 is from 17.11.2023 to 31.03.2024. | |||||
Abril Paper Tech IPO SUBSCRIPTION STATUS DETAILS
Abril Paper Tech had 2.2 M shares on offer
Abril Paper Tech IPO offer price was ₹61
Abril Paper Tech IPO minimum Investment was ₹244000
Abril Paper Tech IPO issue size was ₹ 134.2 M
Abril Paper Tech had a minimum lot size of 2000 Shares per application
Abril Paper Tech NUMBER OF SHARES ON OFFER
Total2.2 M
Fresh Issue2.2 M
Offer for Sale0
Post Issue Promoter Holding %61.71 %
Abril Paper Tech IPO IMPORTANT DATES
| Issue Open Date | 29 Aug 2025 |
| Issue close Date | 02 Sep 2025 |
| Allotment Date | 03 Sep 2025 |
| Refund Date | 04 Sep 2025 |
| Demat Account Credit Date | 04 Sep 2025 |
| Listing Date | 05 Sep 2025 |
| Listing on Exchange(s) | BSE |
| Abril Paper Tech Allotment Status | Exchange/ Registrar |
Abril Paper Tech IPO subscription opened on 29 Aug 2025, and closed on 02 Sep 2025
IPO allotment for Abril Paper Tech was finalized on Wednesday, 03 Sep 2025
IPO listing for Abril Paper Tech was on BSE on Friday, 05 Sep 2025
Abril Paper Tech IPO LISTING GAINS
| Issue Price (adjusted) | 61.0 |
| Listing Open Price | 48.8 |
| Listing Close Price | 49.4 |
| Listing Gain% | -20.0% |
| Current Gain% | -49.4% |
Abril Paper Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Abril Paper Tech Ltd. | 30.9 | 24.7 | 16.4 | 2.6 | 0.4 | 6.3 | 5.9 | 65.3 | 7.2 | 1.5 | 6.3 | 1.9 | 6.3 |
| JK Paper Ltd. | 408.4 | 7406 | 22.8 | -3 | 1 | 4.8 | 2.5 | 7136.1 | 4.5 | 265.8 | -35.1 | 17.9 | -7.7 |
| West Coast Paper Mills Ltd. | 731.9 | 4834.1 | 21 | -2.4 | 1.1 | 4.2 | 2.8 | 4393.2 | 2.8 | 150.6 | -51.6 | 34.8 | -8.7 |
| KS Smart Technologies Ltd. | 96.4 | 1580.8 | -4253.9 | 40 | 360.9 | -0.1 | -0.1 | 2.1 | -0.3 | -66 | 0 | -106.3 | |
| Seshasayee Paper & Boards Ltd. | 246.3 | 1553.2 | 15.7 | 1.2 | 0.9 | 4 | 3.3 | 1759.2 | -3.5 | 82.5 | -24.4 | 15.7 | 13 |
| Andhra Paper Ltd. | 74 | 1472.5 | 53.3 | -0.8 | 0.9 | 1 | 0.7 | 1784.8 | 9.5 | 18.6 | -79.1 | 1.4 | -66.5 |
Annual
Balance Sheet
Ratios
Cash Flow
Abril Paper Tech annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | Mar '26 | Mar '25 | Mar '24 |
|---|---|---|---|---|
| 65.3 | 60.9 | 6.8 | ||
Operating Exp. Ann. | 63 | 58.9 | 6.2 | |
Operating Profit Ann. | 2.1 | 2 | 0.6 | |
OPM Ann. % | 3.21% | 3.29% | 8.98% | |
| 63.3 | 59 | 6.3 | ||
EBITDA Ann. | 2.3 | 2 | 0.6 | |
EBITDA Ann. margin % | 3.54% | 3.30% | 9.00% | |
Interest Ann. | 0.2 | |||
Depr. | 0.1 | 0.1 | 0 | |
PBT Ann. | 2 | 1.9 | 0.6 | |
Tax Ann. | 0.5 | 0.5 | 0.2 | |
| 1.5 | 1.4 | 0.4 | ||
Net Profit Ann. | 1.5 | 1.4 | 0.4 | |
NPM Ann. % | 2.30% | 2.31% | 6.26% | |
EPS Adj. latest Ann. | 1.9 | 1.8 | 0.5 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
7.2%
2Y CAGR
209.9%
Net Profit Ann.
1Y CHG
7.1%
2Y CAGR
93.6%
Operating Exp. Ann.
1Y CHG
7%
2Y CAGR
218.8%
Abril Paper Tech INFORMATION ON IPO ISSUE
About Abril Paper Tech
Abril Paper Tech was incorporated on January 01, 2019. The company manufactures sublimation heat transfer paper in multiple GSM variants (30, 65, 75, and 90) to serve diverse printing applications. With a dedicated sales team, it markets products effectively and maintains strong customer relationships
Object of the Issue
- Capital expenditure to purchase machinery
- Working capital requirements
- General corporate purposes
Abril Paper Tech - PROMOTERS
| Name |
|---|
| Vipul Dobariya |
| Ashvinbhai Lathiya |
| Prince Lathiya |
Abril Paper Tech - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vipul Dobariya | Chairman & Managing Director |
| Ashvinbhai Lathiya | Whole-time Director |
| Prince Lathiya | Director |
| Urvashi Dave | Independent Director |
| Mehul Hingu | Independent Director |
Abril Paper Tech Book Running Lead Manager
Interactive Financial Services Limited
mbd@ifinservices.in
Abril Paper Tech Registrar to the issue
KFin Technologies Limited
abril.ipo@kfintech.com
Abril Paper Tech Strengths
Product quality
The company’s key advantage lies in its distinctive coating quality, consistently delivering high-grade sublimation paper to long-term customers. It also uses natural shade raw materials across all grades and sizes, reinforcing its commitment to quality
Strength
Eco-friendly practices
With rising awareness of environmental issues, demand for eco-friendly products is increasing. Offering sustainable sublimation paper meets consumer preferences and showcases the company’s commitment to reducing environmental impact, creating a competitive edge
Strength
Price competitiveness
While quality is crucial, cost-effectiveness remains important. Offering a balance of high quality and competitive pricing helps companies attract a wider customer base and serve diverse market segments
Strength
Abril Paper Tech Risks
Price volatility risks
The company relies heavily on key raw materials like base paper and coating compounds, which make up over 85% of operating revenue. With no long-term supplier agreements and purchases made order-by-order, price volatility or shortages could raise production costs and hurt profitability if not passed on to customers
Risk
Permits & licenses
The company must obtain and renew statutory permits and licenses to operate its business and manufacturing facility. Since approvals are time-bound, delays or non-renewals could disrupt operations and adversely impact its business, results, and financial condition
Risk
Competition
The company operates in a highly competitive market with pressure from both organised and unorganised players. Intense pricing competition, capacity expansion by rivals, and industry innovation may impact revenues, margins, and long-term profitability if it fails to compete effectively
Risk
IPO FAQs
The promoters of the company are Vipul Dobariya, Ashvinbhai Lathiya and Prince Lathiya.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 61.0 - 61.0.
The IPO application opens on Aug 29, 2025 and closes on Sep 02, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 244,000.0, the maximum value for this IPO is Rs 244,000.0.
This IPO will be allotted on Sep 03, 2025.
The refund will be credited to your account on Sep 04, 2025.
The allotted shares will be credited to your demat on Sep 04, 2025.
Abril Paper Tech Ltd.’s shares listed on the stock exchanges on Sep 05, 2025.