Three M Paper Boards IPO Details: Three M Paper Boards has announced its IPO schedule with an opening date set for July 12 and closing on July 16. This offering on the BSE SME platform aims to raise ₹39.83 crores. The IPO price band is fixed at ₹67 to ₹69 per share, with a market lot size of 2000 shares.
Specializing in the production of recycled paper-based Duplex Board products, Three M Paper Boards serves diverse packaging needs across industries like food and beverage, pharmaceuticals, cosmetics, and consumer goods. Their products, crafted entirely from 100 percent recycled waste paper, are fully biodegradable. Headquartered in Mumbai, the company operates its manufacturing facility in Chiplun, Maharashtra, equipped with advanced machinery and modern technologies. As of FY 2022–23, their annual manufacturing capacity stands at 72,000 metric tonnes.
The company emphasizes innovation in product development and manufacturing processes, positioning itself as a cost-effective paper manufacturer integrating cutting-edge technologies.
Amidst rising per capita paper consumption in India and the burgeoning e-commerce, FMCG, and stationery sectors, Three M Paper Boards anticipates substantial growth opportunities. Despite global digitization trends, the Indian paper industry is poised for double-digit growth over the next five years, supported by favorable policy shifts impacting Chinese raw material imports.
With confidence in the future of the paper industry, Three M Paper Boards looks forward to leveraging these trends for sustained growth in the years ahead.
Three M Paper Boards IPO Objectives:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler;
- Funding long-term working capital requirements of the Company; and
- Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company;
- General corporate purposes.
Three M Paper Boards IPO Review (Apply or Not)
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Three M Paper Boards IPO Date & Price Band 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 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Three M Paper Boards IPO Lot Size:
The Three M Paper Boards IPO requires a minimum market lot of 2000 shares, necessitating an application amount of ₹138,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹138,000 |
| Retail Maximum | 1 | 2000 | ₹138,000 |
| S-HNI Minimum | 2 | 4,000 | ₹276,000 |
Three M Paper Boards IPO Timeline:
The Three M Paper Boards IPO is scheduled to open on July 12 and will conclude on July 16. Allotment of shares is expected by July 18, with potential listing on July 22.
| IPO Open Date: | July 12, 2024 |
| IPO Close Date: | July 16, 2024 |
| Basis of Allotment: | July 18, 2024 |
| Refunds: | July 19, 2024 |
| Credit to Demat Account: | July 19, 2024 |
| IPO Listing Date: | July 22, 2024 |
Three M Paper Boards IPO GMP Today:
The last Grey Market Premium (GMP) for the Three M Paper Boards SME IPO is ₹11, updated as of July 9th, 2024, 07:32 PM. With the IPO price band set at ₹67 to ₹69, and considering the current GMP of ₹11, the estimated listing price for Three M Paper Boards SME IPO would be around ₹80 (cap price + today’s GMP). This suggests an expected percentage gain per share of approximately 15.94%.
Three M Paper Boards Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹165.52 | ₹163.18 | ₹1.73 |
| 2022 | ₹316.00 | ₹311.41 | ₹3.28 |
| 2023 | ₹329.75 | ₹323.77 | ₹6.62 |
| Sept 2023 | ₹131.88 | ₹127.31 | ₹6.02 |
Three M Paper Boards IPO Valuation – FY2023
Check Three M Paper Boards IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹100.99 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 14.00% |
| Net Asset Value (NAV): | ₹721.45 per Equity Share |
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: http://www.bigshareonline.com
Three M Paper Boards IPO Allotment Status
Check Three M Paper Boards IPO allotment status on Bigshare website URL. Click Here
Three M Paper Boards IPO Lead Managers aka 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: https://www.threempaper.com/
Three M Paper Boards IPO FAQs
1. 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.
2. 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.
3. 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).
4. 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.
5. 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.
6. 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.
7. 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%.
8. 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.
9. 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 situated in Chiplun, Dist. Ratnagiri, Maharashtra, equipped with state-of-the-art technology.
10. What are the growth prospects for Three M Paper Boards in the future?
- Three M Paper Boards anticipates significant growth opportunities in the Indian paper industry, driven by increasing per capita paper consumption, e-commerce expansion, and favorable policy changes affecting raw material imports.
