Abril Paper Tech Shares Open at a Discount on BSE SME

Abril Paper Tech, a company that makes special paper for printing on items like clothing, recently offered shares to the public through an IPO.

When these shares began trading, they started at a lower price than what investors had paid.

Despite the drop in price, many people were still interested in buying the shares, as the IPO was oversubscribed.

The company plans to use the money from the shares to purchase new machinery to expand its capacity, meet its day-to-day needs, cover corporate expenses, and facilitate future growth plans.

The company's factory is located in Palsana, Gujarat, India, and it makes paper used in digital printing for different items.