Surat-based Abril Paper Tech Ltd, a leading manufacturer of sublimation heat transfer papers, is set to raise up to ₹13.42 crore through its SME public issue on the BSE platform. The IPO, opening on August 29 and closing on September 2, offers 22 lakh equity shares at a fixed price of ₹61 each. Post-issue, the company’s market capitalization will stand at ₹48.69 crore, with listing scheduled for September 5.
The proceeds will be used to install two fully automatic sublimation paper coating and slitting machines (₹5.40 crore), meet working capital requirements (₹5 crore), cover general corporate purposes (₹2.01 crore), and IPO expenses (₹1.01 crore). With the expansion, Abril’s annual capacity will rise from 600 lakh meters to 1,450 lakh meters. For FY25, Abril reported revenue of ₹60.91 crore, EBITDA of ₹2.01 crore, and net profit of ₹1.41 crore. Founded by Prince Lathiya, Vipul Dobaria, and Ashishvin Lathiya, the company serves textile, garment, décor, and ceramic sectors, with operations spanning 17 states. In Kolkata, a hub for textile trading and digital design, market watchers expect strong interest in Abril’s IPO as demand for sublimation printing in garments, curtains, and furniture décor continues to grow. Analysts say SMEs and retail investors may find value given the company’s growth trajectory. Interactive Financial Services Ltd is the book running lead manager of the issue.