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Three M Paper Boards IPO is a book built issue of Rs 39.83 crores. The issue is entirely a fresh issue of 57.72 lakh shares.
Three M Paper Boards IPO bidding started from July 12, 2024 and ended on July 16, 2024. The allotment for Three M Paper Boards IPO was finalized on Thursday, July 18, 2024. The shares got listed on BSE SME on July 22, 2024.
Three M Paper Boards IPO price band is set at ₹67 to ₹69 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹276,000.
Comfort Securities Limited is the book running lead manager of the Three M Paper Boards IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Three M Paper Boards IPO is Comfort Securities.
Refer to Three M Paper Boards IPO RHP for detailed information.
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | July 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Fresh Issue | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,465,360 |
| Share holding post issue | 19,237,360 |
| Market Maker portion | 290,000 shares Comfort Securities |
Three M Paper Boards IPO offers 5,772,000 shares. 1,096,000 (18.99%) to QIB, 824,000 (14.28%) to NII, 1,920,000 (33.26%) to RII and 1,642,000 (28.45%) to Anchor investors.
| 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 IPO raises Rs 11.33 crore from anchor investors. Three M Paper Boards IPO Anchor bid date is July 11, 2024. Three M Paper Boards IPO Anchor Investors list
| Bid Date | July 11, 2024 |
| Shares Offered | 1,642,000 |
| Anchor Portion Size (In Cr.) | 11.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 16, 2024 |
Three M Paper Boards IPO opens on July 12, 2024, and closes 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 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| HNI (Min) | 2 | 4,000 | ₹276,000 |
| Lot Size Calculator | |||
The Promoter of the Company are Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.00% |
Founded in July 1989, Three M Paper Boards Limited manufactures high-quality recycled paper-based Duplex Board products for packaging applications across various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods. The company supplies its products in both 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.
The company has about 25 dealers spread across India, ensuring our presence nationwide with a strong distribution network.
The company specialize in manufacturing recycled paper-based Duplex Board products for packaging in industries like food, beverage, pharmaceuticals, cosmetics, and consumer goods, catering to both domestic and international markets.
The company shipped its products to over 15 countries in the Asia-Pacific, Middle East, the Mediterranean, and African regions. This shows that TMP's high-quality products meet global standards.
As of February 2024, the company employs 231 employees in various departments.
Three M Paper Boards Limited's revenue decreased by -16.3% and profit after tax (PAT) rose by 71.53% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Three M Paper Boards IPO is Rs 132.74 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.57% |
| ROCE | 19.71% |
| Debt/Equity | 1.19 |
| RoNW | 18.51% |
| P/BV | 1.52 |
| PAT Margin (%) | 4.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.43 | 5.9 |
| P/E (x) | 8.19 | 11.7 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked growth in its top lines from FY21 to FY23 with commensurate surge in its bottom lines, but for FY24 it posted bumper profits on declined top line, that not only raises eyebrows, but also concern over its sustainability going forward. Based on FY24 super earnings, the issue appears fully priced. Currently we are witnessing fancy for the paper segment counters. Well-informed investors may park moderate funds for medium term. Read detail review...
The Three M Paper Boards IPO is subscribed 171.33 times on July 16, 2024 6:19:08 PM. The public issue subscribed 175.19 times in the retail category, 79.37 times in the QIB category, and 284.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 79.37 |
| NII | 284.67 |
| Retail | 175.19 |
| Total | 171.33 |
Total Application : 31,464 (32.78 times)
| Listing Date | July 22, 2024 |
| BSE Script Code | 544214 |
| NSE Symbol | |
| ISIN | INE0UK501010 |
| Final Issue Price | ₹69 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹69.00 |
| ₹76.00 |
| ₹76.00 |
| ₹79.80 |
| ₹79.80 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Three M Paper Boards IPO is a SME IPO of 5,772,000 equity shares of the face value of ₹10 aggregating up to ₹39.83 Crores. The issue is priced at ₹67 to ₹69 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 12, 2024, and closes on July 16, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Three M Paper Boards IPO using UPI as a payment gateway. Zerodha customers can apply in Three M Paper Boards IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Three M Paper Boards IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Three M Paper Boards IPO opens on July 12, 2024 and closes on July 16, 2024.
Three M Paper Boards IPO lot size is 2000 Shares, and the minimum amount required is ₹138,000.
You can apply in Three M Paper Boards IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Three M Paper Boards IPO will be done on Thursday, July 18, 2024, and the allotted shares will be credited to your demat account by Friday, July 19, 2024. Check the Three M Paper Boards IPO allotment status.
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