Here’s a detailed breakdown of the Abril Paper Tech Limited IPO based on the latest available information.
Founded: Originally as a partnership, converted to Public Ltd. in 2024
Operations: Manufactures sublimation heat transfer paper in GSM grades of 30, 65, 75, and 90—serving textiles, garments, ceramics, furniture, and more
Manufacturing Base: Surat, Gujarat, with coating lines operating at 120–160 m/min status; currently serving 17+ Indian states; planning pan-India B2C expansion via online/dealer network
Growth Plans: Integrate manufacturing of heat transfer frames and PP sheets, with a strong focus on exports and upscale digital printing markets
IPO Dates
| Event | Date |
|---|---|
| Opening Date | 29 August 2025 |
| Closing Date | 2 September 2025 |
| Basis of Allotment Finalization | 3 September 2025 |
| Refund & Share Credit to Demat | 4 September 2025 |
| Listing on BSE SME Platform | 5 September 2025 |
IPO Details
- Issue Type: Fixed Price Public Issue
- Price Band: ₹61 per share
- Lot Size: 2,000 shares
- Total Issue Size: ₹13.42 crore (₹1,342 lakh) via 22 lakh equity shares
- Market Maker Reservation: 1.12 lakh shares (~₹0.68 crore) reserved for market makers
- Listing At: BSE SME
- Share Holding Pre Issue: 57,81,840 shares
- Share Holding Post Issue: 79,81,840 shares
GMP of Abril Paper Tech Limited IPO
Here’s the situation regarding the Grey Market Premium (GMP) for Abril Paper Tech Limited IPO:
GMP tracking—lists Abril Paper Tech IPO but shows no GMP figure for it as of now.
Promoters of Abril Paper Tech Limited
Here’s a detailed overview of the promoters of Abril Paper Tech Limited, drawing from official filings and reliable sources.
1. Vipul Karshanbhai Dobariya
- Managing Director & Chairman
- Age: 40 years (as per IPO filings)
- Experience: Over six years in business management. He was a founding partner of Abril International in 2019 and Top Fashion in 2020. After the company transitioned to its current form, he assumed the role of Managing Director, overseeing daily operations, business growth, and strategic vision.
2. Ashvinbhai Laxmanbhai Lathiya
- Promoter & Whole-time Director
- Age: 39 years
- Experience: Over six years as well. A partner at Abril International since 2019 and Top Fashion in 2020. Since Abril Paper Tech’s incorporation in November 2023, he’s actively managed commercial operations—including business development, financial planning, production efficiency, and marketing initiatives.
3. Prince Lathiya
- Promoter & Non-Executive Director
- Age: 30 years
- Background: Holds a Bachelor’s degree in Mechanical Engineering from Gujarat Technological University (2016). He became a partner at Abril International in December 2021 and joined Abril Paper Tech in its corporate form in November 2023. As a Non-Executive Director, he’s involved in guiding annual operational planning and strategy execution, aligned with board decisions.
Quick Summary
| Promoter | Role | Background & Key Details |
|---|---|---|
| Vipul Dobariya | Managing Director & Chairman | Co-founder (Abril International, Top Fashion), leads operations and strategic business growth |
| Ashvinbhai Lathiya | Whole-time Director | Co-founder, manages commercial strategy, operations, and marketing |
| Prince Lathiya | Non-Executive Director | Mechanical Engineering background, guides planning and strategic execution |
Abril Paper Tech Limited IPO Lot Size
Here’s a clear and SEO-optimized breakdown of the Abril Paper Tech Limited IPO Lot Size, complete with a structured table for easy viewing:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,44,000 |
| Retail (Max) | 2 | 4,000 | ₹2,44,000 |
| HNI (Min) | 3 | 6,000 | ₹3,66,000 |
Summary Interpretation
- Trading/Basic Lot Size: 2,000 shares
- Minimum Application Requirement: 2 lots (i.e., 4,000 shares).
- Minimum Investment: ₹244,000.
Abril Paper Tech Limited IPO Promoter Holding
Here’s the latest and verified information on the promoter holding of Abril Paper Tech Limited IPO, based on available public data:
| Share Holding Pre Issue | 85.20% |
| Share Holding Post Issue | 61.71% |
About Abril Paper Tech Limited
- Abril Paper Tech Limited specializes in manufacturing and supplying sublimation heat transfer paper, with its inception rooted in Surat, Gujarat.
- Originally incorporated on November 17, 2023, the company evolved from the registered partnership firm M/s. Abril International into a private limited entity, and subsequently into a public limited company in 2024.
- Abril entered the trade of sublimation paper rolls starting in 2017 and swiftly advanced into manufacturing by setting up its first coating line in 2019.
Manufacturing & Operations
- Location: Surat, Gujarat, with its own manufacturing and warehousing infrastructure.
- Production Lines: Multiple high-speed coating lines (120–160 m/min), enabling efficient and consistent quality production.
- Product Grades: Offers sublimation heat transfer paper in 30, 65, 75, and 90 GSM, tailored for digital printing across textiles, garments, ceramics, home decor, and more.
Growth Trajectory & Milestones
| Year | Milestone |
|---|---|
| 2017 | Founded as a paper trading entity (Abril International) |
| 2019 | Installed first coating line; doubled sales |
| 2021 | Added two more coating lines; reached ~1.5 Lakh meters/day capacity |
| 2023 | Established direct raw material sourcing from TNPL, bypassing intermediaries |
| 2024 | Rebranded as a public limited company — Abril Paper Tech Limited |
Business Model & Strategy
- Vertical Integration: From trading to direct manufacturing with in-house coating capabilities.
- Quality Focus: Emphasizes high ink absorption, quick drying, heat resistance, and superior release efficiency to serve the digital printing sector’s evolving needs.
- Pan-India network: Delivers consistently across 17 to 19 Indian states. Operates on trust-based B2B relationships and aims to expand into B2C through online and dealer networks.
- Diversified Applications: Products are used in home furnishings, fashion apparel, ceramics, T-shirts, sarees, sportswear, and beyond.
- Forward Integration Plans: Exploring production of heat transfer frames and PP sheets with a focus on export markets.
Vision & Values
- Mission: To consistently deliver high-quality sublimation heat transfer paper, enabling clients to thrive in creativity and business success.
- Vision: To strengthen its position as a global leader in sublimation heat transfer paper, known for raising the bar in quality and innovation.
- Core Values: Emphasizes customer care, employee well-being, timely delivery, and unmatched product quality.
Summary
Abril Paper Tech Ltd. traces its roots from a small trading firm to a robust manufacturing entity producing sublimation heat transfer paper for a wide range of applications.
Its rapid growth, emphasis on quality, extensive operational network, and recent IPO for capacity expansion signal its ambition to become a dominant force in both domestic and export markets.
Abril Paper Tech Limited Financial Information
Below is a clear and detailed overview of Abril Paper Tech Limited financial information, summarizing key metrics in tabular form and offering insights into the company’s performance trajectory.
| Period Ended | 31 Mar 2025 | Mar 31 2024 |
| Assets | ₹12.97 Crore | ₹8.13 Crore |
| Total Income | ₹60.91 Crore | ₹6.83 Crore |
| Profit After Tax | ₹1.41 Crore | ₹0.43 Crore |
| EBITDA | ₹2.01 Crore | ₹0.61 Crore |
| Net Worth | ₹10.52 Crore | ₹5.64 Crore |
| Reserves and Surplus | ₹4.74 Crore | ₹0.43 Crore |
| Total Borrowing | ₹1.07 Crore | – |
Key Performance Indicator (KPI)
Here’s a clear summary of Key Performance Indicators (KPIs) for Abril Paper Tech Limited IPO, derived from its restated financials and valuation benchmarks:
| KPI | Values |
|---|---|
| ROE | 18.03% |
| ROCE | 16.38% |
| Debt/Equity | 0.10 |
| RoNW | 13.43% |
| PAT Margin | 2.32% |
| EBITDA Margin | 3.30% |
| Price to Book Value | 3.35 |
Strengths of Abril Paper Tech Limited IPO
1) Explosive Revenue Growth
- Revenue grew from ₹6.83 Cr (2024) to ₹60.91 Cr (2025), showing strong demand and scalability in its sublimation/heat transfer paper segment.
2) Diverse Product Applications
- Produces sublimation/heat transfer paper used across garments, textiles, packaging, and customized gift items, offering multi-sector exposure.
3) Export-Oriented Business Model
- Significant revenues come from exports to USA, Latin America, and Middle East, reducing over-reliance on domestic markets.
4) Improving Profitability
- PAT grew ~230% YoY (₹0.43 Cr → ₹1.41 Cr).
- ROE improved from 7.63% → 13.40%, ROCE from 9.60% → 16.38%.
5) Strong Balance Sheet
- Low leverage with Debt-to-Equity ratio at 0.10×, giving financial flexibility.
- Growing net worth from ₹5.64 Cr → ₹10.52 Cr.
6) SME Market Valuation Advantage
- P/E ratio of ~14.5× at IPO price is reasonable compared to SME peers, making it attractive for growth investors.
Risks of Abril Paper Tech Limited IPO
1) Margin Pressure
- EBITDA margin dropped from 6.87% → 3.30% and PAT margin from 3.82% → 2.32% despite revenue surge, indicating higher raw material or operating costs.
2) Limited Operating History
- Incorporated in 2022, the company has a short track record, making long-term sustainability uncertain.
3) Industry Competition
- Operates in a fragmented and highly competitive paper & sublimation industry, facing both organized and unorganized players.
4) Dependence on Export Markets
- Heavy reliance on exports exposes the company to currency fluctuations, trade regulations, and global demand risks.
5) Small-Scale Operations
- Even after growth, absolute revenue size is still modest (₹60 Cr range), compared to larger paper & packaging peers.
6) SME IPO Risks
- Lower liquidity in SME platforms may lead to high volatility in stock prices post-listing.
Conclusion
- Strengths: High growth momentum, diversified applications, improving efficiency, and low debt make Abril Paper Tech an attractive small-cap growth story.
- Risks: Margin sustainability, export dependence, and SME listing volatility remain key concerns for investors.
Abril Paper Tech Limited Contact Details
Here are the contact details for Abril Paper Tech Limited, sourced from the company’s official website and reliable investor portals:
Abril Paper Tech Limited – Contact Information
Head Office Address
238/3, Shiva Industrial Estate,
Jolva, Taluka Palsana,
Surat, Gujarat – 394305, India
Telephone Numbers
- 95124 92124
- 96243 63838
- +91 261 2990124
Email Addresses
WhatsApp Contact
- +91 95124 92124
- +91 96243 63838
Website
- abrilpapertech.com
Summary Table
| Contact Type | Details |
|---|---|
| Address | 238/3, Shiva Ind. Estate, Jolva, Palsana, Surat, Gujarat – 394305 |
| Telephone | +91 95124 92124 / +91 96243 63838 / +91 261 2990124 |
| [email protected], [email protected], info@abrilpapertech.com | |
| +91 95124 92124 & +91 96243 63838 | |
| Website | www.abrilpapertech.com |
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