Understanding Shariah Compliance in IPOs and Stocks:
Investing wisely is essential for both financial growth and ethical alignment. For those interested in making investments that comply with Islamic law, understanding the Shariah status of Initial Public Offerings (IPOs) and stocks is crucial. This article aims to provide insights into the Shariah compliance of Abril Paper Tech Ltd, ensuring that your investment choices are not only profitable but also ethical.
Table of Contents
Analyzing The Company
Company Name: Abril Paper Tech Ltd
Industry: Paper & Paper Products
Listing At: BSE SME
Overview:
Abril Paper Tech Ltd. is a company that specializes in manufacturing and marketing sublimation heat transfer paper, which is used in the garments, textiles, and printing industries. The company was originally founded in 2016 as the partnership firm M/s. Abril International before being incorporated as Abril Paper Tech Private Limited in 2023.
The company’s journey began with trading sublimation paper before they established their first coating line in Surat, Gujarat, India. Since then, they have expanded to multiple coating lines and now provide their products across India. Abril Paper Tech emphasizes quality, using high-quality coating chemicals and base paper to ensure consistency. Their promoters have extensive experience in the paper industry and are committed to research and development for new products.
Abril Paper Tech’s vision is to be a global leader in the sublimation heat transfer paper industry, known for its excellence and innovation. Its mission is to empower clients’ creativity and success by providing exceptional products and ensuring daily delivery to customers throughout India. The company prides itself on its reliable service, including a commitment to on-time delivery and ongoing support for its clients. They offer assistance through various channels, and in some cases, will even send experts to a client’s location for personalized setup. This dedication to quality, customer satisfaction, and service distinguishes Abril Paper Tech from its competitors.
Shariah Status
The IPO is Shariah Compliant, please see below image.
IPO Timeline (Tentative Schedule)
| IPO Open Date | Fri, Aug 29, 2025 |
| IPO Close Date | Tue, Sep 2, 2025 |
| Tentative Allotment | Wed, Sep 3, 2025 |
| Initiation of Refunds | Thu, Sep 4, 2025 |
| Credit of Shares to Demat | Thu, Sep 4, 2025 |
| Tentative Listing Date | Fri, Sep 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 2, 2025 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,44,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,44,000 |
| HNI (Min) | 3 | 6,000 | ₹3,66,000 |
Financials
April Paper Tech Ltd. experienced significant growth between the financial years ending March 31, 2024, and March 31, 2025. The company’s revenue increased by 142% and profit after tax (PAT) rose by 52% during this period. The data shows a substantial increase in total income, from ₹25.13 crore in 2024 to ₹60.91 crore in 2025. Assets also grew considerably, from ₹8.13 crore to ₹12.97 crore. This positive trend is reflected in the company’s net worth, which nearly doubled to ₹10.52 crore, and its reserves and surplus, which grew from ₹0.43 crore to ₹4.74 crore.
KPI
| 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 |
LINKS
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SEBI Disclaimer
Investing in IPOs involves risks. Please read the offer document carefully before investing. This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.