Abril Paper Tech launches ₹13.42 crore IPO on August 29 to expand and buy new machinery.

Abril Paper Tech, a company specializing in sublimation heat transfer paper, is launching its IPO worth ₹13.42 crore on August 29. The IPO is a fresh issue of 22 lakh shares priced at ₹61 each. Funds raised will be used for business expansion, buying new machinery, and meeting working capital needs. The company, based in Surat, will list on the BSE SME platform, aiming to strengthen its market position and cater to growing demand across various industries.