The Three M Paper Boards IPO is a book-built issue aiming to raise ₹39.83 crores through a fresh issue of 57.72 lakh shares.
The IPO will be open for subscription from July 12, 2024, to July 16, 2024. The allotment is expected to be finalized on Thursday, July 18, 2024, with the shares listing on the BSE SME on Monday, July 22, 2024.
The price band for the IPO is set at ₹67 to ₹69 per share. The minimum lot size for an application is 2000 shares, requiring a minimum investment of ₹138,000 for retail investors. For HNI investors, the minimum investment is 2 lots (4000 shares), amounting to ₹276,000.
Objects of the Issue
Capital expenditure for the installation of new machinery, modernization of certain processes at the existing manufacturing facility, and installation of a plastic-fired low-pressure boiler.
Funding long-term working capital requirements.
Prepayment or repayment of all or a portion of outstanding borrowings.
General corporate purposes.
Three M Paper Boards IPO Review
To be updated soon.
Three M Paper Boards IPO Details
| IPO Open: | July 12, 2024 |
| IPO Close: | July 16, 2024 |
| IPO Size: | Approx ₹39.83 Crores, 5,772,000 Equity Shares |
| Fresh Issue: | Approx ₹39.83 Crores, 5,772,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹67 to ₹69 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Three M Paper Boards IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereafter. The table below shows the minimum and maximum investment amounts for retail investors and HNIs in terms of shares and total investment.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹ 1,38,000 |
| Retail (Max) | 1 | 2000 | ₹ 1,38,000 |
| HNI (Min) | 2 | 4,000 | ₹ 2,76,000 |
Three M Paper Boards IPO Schedule
The Three M Paper Boards IPO will open on July 12, 2024, and close on July 16, 2024.
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment | Thursday, July 18, 2024 |
| Initiation of Refunds | Friday, July 19, 2024 |
| Credit of Shares to Demat | Friday, July 19, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
About Three M Paper Boards Limited
Established in July 1989, Three M Paper Boards Limited specializes in manufacturing high-quality recycled paper-based Duplex Board products for packaging applications across diverse industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods. The company serves both domestic and international markets.
Headquartered in Mumbai, Three M Paper Boards operates a state-of-the-art manufacturing facility in Chiplun, Dist. Ratnagiri, Maharashtra, boasting a production capacity of 72,000 TPA of paper as of FY 2022-23.
With a robust distribution network comprising approximately 25 dealers nationwide, the company ensures widespread presence and efficient market reach across India.
Three M Paper Boards excels in producing eco-friendly Duplex Board products tailored for packaging needs in sectors such as food, beverage, pharmaceuticals, cosmetics, and consumer goods, meeting global standards. The company exports its products to over 15 countries spanning the Asia-Pacific, Middle East, Mediterranean, and African regions.
As of February 2024, Three M Paper Boards employs 231 professionals across various departments, driving innovation and excellence in paperboard manufacturing.
Three M Paper Boards Limited Financials
Between the financial years ending March 31, 2023, and March 31, 2024, Three M Paper Boards Limited experienced a 16.3% decrease in revenue, while its profit after tax (PAT) increased by 71.53%.
| Amount in ₹ Lakhs | ||||
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 19,519.88 | 18,942.55 | 18,150.44 | 14,225.50 |
| Revenue | 27,601.56 | 32,974.92 | 31,600.49 | 16,552.14 |
| Profit After Tax | 1,134.72 | 661.53 | 327.56 | 172.63 |
| Net Worth | 6,110.39 | 4,725.67 | 4,064.14 | 3,736.58 |
| Reserves and Surplus | 4,763.85 | 4,070.65 | 3,409.12 | 3,081.56 |
| Total Borrowing | 7,264.08 | 8,182.40 | 7,802.06 | 5,353.41 |
Three M Paper Boards IPO Valuation
Review the valuation details for the Three M Paper Boards IPO, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
Three M Paper Boards IPO GMP Today:
As of July 9th, 2024, 07:32 PM, the Grey Market Premium (GMP) for the Three M Paper Boards SME IPO stands at ₹11. With the IPO price band set at ₹67 to ₹69, and factoring in the current GMP of ₹11, the estimated listing price for the Three M Paper Boards SME IPO could be around ₹80 (upper price band + current GMP). This implies an expected percentage gain per share of approximately 15.94%.
For Related to Latest GMP please visit: Three M Paper Boards IPO GMP, Grey Market Premium 2024
Peer Group:
N R Agarwal Industries Ltd
Kuantum Papers Ltd
Shree Ajit Pulp and Paper Ltd
Company Promoters:
Mr. Hitendra Dhanji Shah
Mrs. Prafulla Hitendra Shah
Mr. Rushabh Hitendra Shah
Three M Paper Boards IPO Registrar:
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Three M Paper Boards IPO Allotment Status:
Check Three M Paper Boards IPO allotment status on the Bigshare website URL. Click Here
Three M Paper Boards IPO Lead Managers (Merchant Bankers):
Comfort Securities Pvt Ltd
Company Address:
Three M Paper Boards Limited
A33 & 34, Floor -2, Royal Industrial Estate
5-B Naigaon Cross Road
Wadala, Mumbai- 400031
Phone: +91 22 6812 5757
Email: compliance@threempaper.com
Website: www.threempaper.com
Three M Paper Boards IPO FAQs:
What is the IPO date for Three M Paper Boards?
The Three M Paper Boards IPO opens on July 12, 2024, and closes on July 16, 2024.
What is the price band for Three M Paper Boards IPO?
The price band for the Three M Paper Boards IPO is set at ₹67 to ₹69 per share.
What is the minimum market lot for Three M Paper Boards IPO?
The minimum market lot size for Three M Paper Boards IPO is 2000 shares, requiring an application amount of ₹138,000 (at the upper price band).
What is the expected listing date for Three M Paper Boards IPO?
The Three M Paper Boards IPO is expected to be listed on July 22, 2024.
Where can I apply for Three M Paper Boards IPO?
Investors can apply for the Three M Paper Boards IPO through their respective brokerage firms or online trading platforms that support BSE SME IPOs.
What is the Grey Market Premium (GMP) for Three M Paper Boards IPO?
As of July 9, 2024, the last reported Grey Market Premium (GMP) for Three M Paper Boards IPO was ₹11, indicating investor sentiment regarding potential listing gains.
What is the expected percentage gain per share for Three M Paper Boards IPO?
Based on the IPO price band and Grey Market Premium, the estimated listing price for Three M Paper Boards IPO is around ₹80, suggesting an expected percentage gain per share of approximately 15.94%.
What does Three M Paper Boards specialize in?
Three M Paper Boards specializes in manufacturing recycled paper-based Duplex Board products used in packaging applications across various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods.
Where is Three M Paper Boards headquartered and where are its manufacturing facilities located?
Three M Paper Boards is headquartered in Mumbai, Maharashtra. Its manufacturing facility is located in Chiplun, Dist. Ratnagiri, Maharashtra, equipped with state-of-the-art technology.
