Three M Paper Boards IPO
IPO Details
- Open Date
12 Jul 2024
- Close Date
16 Jul 2024
- IPO Price Range
₹ 67 to ₹ 69
- IPO Size
₹ 39.83 Cr
- Listing Exchange
BSE SME
- Listing Date
22 Jul 2024
IPO Timeline
Three M Paper Boards IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Jul-2024 | 0.00 | 7.14 | 12.98 | 8.02 |
| 15-Jul-2024 | 0.01 | 34.99 | 55.11 | 35.07 |
Last Updated: 16 July 2024 6:33 PM by 5Paisa
Last Updated: 15th July 2024, 06:00 PM by 5paisa
Three M Paper Boards IPO is set to open on 12 July 2024 and will close on 16 July 2024. The company specializes in producing premium Duplex Board products made from recycled paper.
The IPO includes a fresh issue of 57,72,000 shares aggregating up to ₹39.83 Cr. The price range is ₹67-₹69 per share and the lot size is 2000 shares.
The allotment is scheduled to be finalized on 18 July 2024. It will go public on BSE SME, with a tentative listing date of 22 July 2024.
Comfort Securities Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Objectives Of Three M Paper Boards IPO
● Capital expenditure for installation of new machinery, modernization of certain processes under existing manufacturing facilities and installation of plastic fired low pressure boilers.
● Funding long-term working capital requirements.
● Prepayment or repayment of all or a portion of outstanding borrowing.
● General corporate purposes.
Three M Paper Boards IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 39.83 |
| Offer for sale | - |
| Fresh issue | 39.83 |
Three M Paper Boards IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| S-HNI (Min) | 2 | 4,000 | ₹276,000 |
Three M Paper Boards IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 0.01 | 10,96,000 | 12,000 | 0.08 |
| NII (HNI) | 34.99 | 8,24,000 | 2,88,32,000 | 198.94 |
| Retail | 55.11 | 19,20,000 | 10,58,18,000 | 730.14 |
| Total | 35.07 | 38,40,000 | 13,46,62,000 | 929.17 |
Three M Paper Boards IPO Anchor Allocation
| Anchor Bid Date | 11 July, 2024 |
| Total no. of shares offered | 1,642,000 |
| Portion Size for Anchor Investors | 11.33 Cr. |
| Lock in Period for 50% shares (30 days) | 17 August, 2024 |
| Lock in Period for rest of shares (90 days) | 16 October, 2024 |
Three M Paper Boards Limited was established in July 1989 and is a company that specializes in producing premium Duplex Board products made from recycled paper.
These products are utilized for packaging in a variety of sectors, including consumer goods, food and beverage, medicines, and cosmetics. The business displays its worldwide reach and standards by catering to both domestic and foreign markets.
Three M Paper Boards, a Mumbai-based company, has a manufacturing plant in Chiplun, District Ratnagiri, Maharashtra, and as of FY 2022–2023 it could produce 72,000 TPA of paper. About 25 dealers are part of the company's robust distribution network in India, guaranteeing a presence all throughout the country.
The company's exports to more than 15 nations in the Middle East, Africa, Asia-Pacific, and Mediterranean areas attest to the demand for its superior goods across the world. Three M Paper Boards employed 231 people in a variety of divisions as of February 2024.
Renowned for producing unique Duplex Board products made from recycled paper, Three M Paper Boards Limited serves the packaging requirements of consumer goods, beverage, food, and pharmaceutical sectors on both domestic and international markets.
Peer Comparison
N R Agarwal Industries Ltd
Kuantum Papers Ltd
Shree Ajit Pulp and Paper Ltd
For More Information
Webstory on Three M Paper Boards IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 329.75 | 316.00 | 165.52 |
| EBITDA | 5.98 | 4.59 | 2.34 |
| PAT | 6.62 | 3.28 | 1.73 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 189.43 | 181.50 | 142.26 |
| Share Capital | - | - | - |
| Total Borrowings | 81.82 | 78.02 | 53.53 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 23.53 | -10.32 | 11.93 |
| Net cash from / (used in) investing activities | -18.26 | -5.66 | -3.82 |
| Net cash flow from / (used in) financing activities | -5.45 | 16.16 | -8.14 |
| Net increase (decrease) in cash and cash equivalents | -0.18 | 0.18 | -0.04 |
Strengths
1. Offers a variety of paperboard products catering to different industries.
2. Long-standing reputation in the paperboard manufacturing industry.
3. Efficient production facilities located in key industrial areas.
4. Established partnerships with major clients, ensuring steady demand.
5. Utilizes advanced technology for efficient and high-quality production.
Risks
1. Vulnerability to changes in the prices of raw materials such as wood pulp.
2. Stringent environmental regulations and compliance requirements could increase operational costs.
3. High competition in the paperboard industry.
4. Risks related to disruptions in the supply chain.
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FAQs
Three M Paper Boards IPO opens from 12th July to 16th July 2024.
The size of Three M Paper Boards IPO is ₹39.83 Cr.
The price band of Three M Paper Boards IPO is fixed at ₹67 to ₹69 per share.
To apply for Three M Paper Boards IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Three M Paper Boards IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Three M Paper Boards IPO is 2000 shares and the investment required is ₹1,38,000.
The share allotment date of Three M Paper Boards IPO is 18th July 2024
The Three M Paper Boards IPO will be listed on 22nd July 2024.
Comfort Securities Pvt Ltd is the book-running lead manager for Three M Paper Boards IPO.
Three M Paper Boards plans to utilize the raised capital from the IPO to:
Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facilities and installation of plastic fired low pressure boilers.
Funding long-term working capital requirements.
Prepayment or repayment of all or a portion of outstanding borrowing.
General corporate purposes.
Contact Information
Three M Paper Boards
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Three M Paper Boards IPO Lead Manager
Comfort Securities Limited
