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Abril Paper Tech IPO BSE SME Gujarat Business Stock Market

Gujarat's Abril Paper Tech Shares Debut Today After Strong IPO Subscription

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by Newsdesk
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Gujarat's Abril Paper Tech Shares Debut Today After Strong IPO Subscription

AI-Generated Summary

Gujarat-based Abril Paper Tech is set to list its shares on the BSE SME platform today. The company's IPO, priced at Rs 61 per share, was significantly oversubscribed 11.20 times, primarily driven by strong retail investor interest. Proceeds from the IPO are designated for capital expenditure and working capital.

In a nutshell

The healthy subscription for Abril Paper Tech's IPO underscores investor confidence in Gujarat-based small and medium enterprises (SMEs) and the specialized manufacturing sector. Its listing will be a key event for local investors and those tracking the performance of new entrants in the regional market.

Source: The Economic Times

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by Newsdesk
Updated

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