Three M Paper Boards IPO will open for subscription from 12 July 2024. The company aims for an issue size of ₹39.83 Cr through this IPO.
Company Overview
| Full name | Three M Paper Boards Limited |
| Sector | Paper |
| Industry | Paper & Paper Products |
| Company Website | https://www.threempaper.com/ |
About Company
Incorporated in 1989, Three M Paper Boards manufactures recycled paper-based duplex board products for various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. The company supplies its high-quality duplex board paper products to domestic and international markets. The company is based in Mumbai, with a manufacturing facility in Chiplun, Dist. Ratnagiri, Maharashtra. It has a manufacturing capacity of 72,000 TPA of paper as of FY 2022-23.
Three M Paper Boards has about 25 dealers across India, ensuring a nationwide presence with a strong distribution network. The company ships its products to over 15 countries in the Asia-Pacific, Middle East, Mediterranean, and African regions. This demonstrates that TMP’s high-quality products meet global standards.
The Objectives of the Issue
- Capital expenditure for installation of new machinery, modernization 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 Timetable
| IPO Opening date | 12 July 2024 |
| IPO Closing | 16 July 2024 |
| Basis of Allotment | 18 July 2024 |
| Initiation Refund | 19 July 2024 |
| Credit to Demat Account | 19 July 2024 |
| Listing Date | 22 July 2024 |
Three M Paper Boards IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹39.83 Cr – 5,772,000 shares |
| Fresh Issue | ₹39.83 Cr – 5,772,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹67 to ₹69 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 290,000 shares |
| Shareholding pre-issue | 13,465,360 |
| Shareholding post-issue | 19,237,360 |
| Listing Exchange | BSE SME |
Three M Paper Boards IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| HNI (Min) | 2 | 4,000 | ₹276,000 |
Three M Paper Boards Offer Documents
Three M Paper Boards IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,642,000 (28.45%) |
| Market Maker Shares Offered | 290,000 (5.02%) |
| QIB Shares Offered | 1,096,000 (18.99%) |
| NII (HNI) Shares Offered | 824,000 (14.28%) |
| Retail Shares Offered | 1,920,000 (33.26%) |
| Total Shares Offered | 5,772,000 (100%) |
Three M Paper Boards Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 312.90 | 327.25 | 272.23 |
| Expenses | 311.41 | 323.77 | 263.03 |
| Net income | 3.28 | 6.62 | 11.35 |
Three M Paper Boards Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.50 | 5.05 | 8.60 |
| PE ratio | – | – | 7.79 – 8.02 |
| RONW (%) | 8.06 | 14.00 | 18.51 |
| NAV | 31.02 | 36.07 | 45.38 |
| ROCE (%) | 12.93 | 15.44 | 19.71 |
| EBITDA (%) | 5.55 | 6.57 | 9.94 |
| Debt/Equity | 1.92 | 1.73 | 1.19 |
Company Promoters
- Mr. Hitendra Dhanji Shah
- Mrs. Prafulla Hitendra Shah
- Mr. Rushabh Hitendra Shah.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70% |
Three M Paper Boards IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 20 July 2024 | 35 | – | 55,000 |
| 19 July 2024 | 40 | – | 61,000 |
| 18 July 2024 | 40 | – | 61,500 |
| 17 July 2024 | 37 | – | 55,000 |
| 16 July 2024 | 33 | – | 50,000 |
| 15 July 2024 | 33 | – | 50,000 |
| 12 July 2024 | 27 | – | 45,000 |
| 10 July 2024 | 15 | – | 18,000 |
Three M Paper Boards IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 10,96,000 | 8,24,000 | 19,20,000 | 38,40,000 |
| 16 Jul 2024 | 79.37 | 285.02 | 175.17 | 171.40 |
| 15 Jul 2024 | 0.01 | 35.34 | 55.11 | 35.14 |
| 12 Jul 2024 | 0.00 | 7.14 | 12.98 | 8.02 |
Three M Paper Boards IPO Allotment Status
Three M Paper IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Three M Paper Boards IPO Listing Details
| Listing Date | 22 July 2024 |
| BSE Scrip Code | 544214 |
| NSE Symbol | – |
| ISIN | INE0UK501010 |
| Final Issue Price | ₹69 per share |
Three M Paper Boards IPO Listing Day Update
| Listing Exchange | |
| Final Issue Price | |
| Open | |
| Low | |
| High | |
| Last Trade |
Three M Paper Boards IPO Lead Manager(s)
COMFORT SECURITIES LIMITED
A Wing, Hetal Arch, Malad West,
Mumbai – 400064, Maharashtra, India
Phone: +91 22 6894 8500
Email: compliance@comfortsecurities.co.in
Website: www.comfortsecurities.co.in
Three M Paper Boards Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Three M Paper Boards Contact Details
THREE M PAPER BOARDS LIMITED
A33 & 34, Floor-2, Royal Industrial Estate,
Wadala, Mumbai-400031, Maharashtra
Phone: +91 22-6812 5757
E-mail: account@threempaper.com
Website: www.threempaper.com
Three M Paper Boards IPO FAQs
What is the Three M Paper offer size?
Three M Paper offer size is ₹ 38.67 – 39.83 crores.
What is the Three M Paper offer price band?
Three M Paper public offer price is ₹ 67 – 69 per share.
What is the lot size of the Three M Paper IPO?
Three M Paper offer a lot size is 2,000 shares.
What is Three M Paper IPO GMP today?
Three M Paper IPO GMP today is ₹ 35 per share.
What is the Three M Paper kostak rate today?
Three M Paper kostak rate today is ₹ NA per application.
What is Three M Paper Subject to the Sauda rate today?
Three M Paper is Subject to the Sauda rate today is ₹ 55,000 per application.
Final thoughts
Three M Paper Boards IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
