Subam Papers Ltd. has announced public offering of 6164800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 142.00 per share. The gross proceeds of the issue are expected to be Rs 9,370.50 lakhs.

The company's initial public offer (IPO) will open on 30 September 2024 and is expected to close on 03 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 144.00-152.00 per share.

The IPO includes a fresh Issue of 6164800 Equity Shares of the Company at an price of Rs 152.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Subam Papers Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.