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Three M Paper Boards Limited IPO (Three M Paper Boards IPO) Detail

July 12, 2024 - July 16, 2024

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.

Three M Paper Boards IPO Details

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 Size5,772,000 shares
(aggregating up to ₹39.83 Cr)
Fresh Issue5,772,000 shares
(aggregating up to ₹39.83 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue13,465,360
Share holding post issue19,237,360
Market Maker portion290,000 shares
Comfort Securities

Three M Paper Boards IPO Reservation

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 Offered1,642,000 (28.45%)
Market Maker Shares Offered290,000 (5.02%)
QIB Shares Offered1,096,000 (18.99%)
NII (HNI) Shares Offered824,000 (14.28%)
Retail Shares Offered1,920,000 (33.26%)
Total Shares Offered5,772,000 (100%)

Three M Paper Boards IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Three M Paper Boards IPO Lot Size

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

Three M Paper Boards IPO Promoter Holding

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%

About Three M Paper Boards Limited

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 Financial Information (Restated Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets19,519.8818,942.5518,150.4414,225.50
Revenue27,601.5632,974.9231,600.4916,552.14
Profit After Tax1,134.72661.53327.56172.63
Net Worth6,110.394,725.674,064.143,736.58
Reserves and Surplus4,763.854,070.653,409.123,081.56
Total Borrowing7,264.088,182.407,802.065,353.41
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Three M Paper Boards IPO is Rs 132.74 Cr.

KPI as of March 31, 2024.

KPI Values
ROE18.57%
ROCE19.71%
Debt/Equity1.19
RoNW18.51%
P/BV1.52
PAT Margin (%)4.11
Pre IPO Post IPO
EPS (Rs) 8.435.9
P/E (x) 8.1911.7
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Three M Paper Boards IPO Objectives)

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  1. Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler;
  2. Funding long-term working capital requirements of the Company; and
  3. Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company;
  4. General corporate purposes.

Three M Paper Boards IPO Review (May apply)

[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...


Three M Paper Boards IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB79.37
NII284.67
Retail175.19
Total171.33

Total Application : 31,464 (32.78 times)

Three M Paper Boards IPO Rating

6
4.0
Rating:Rated 4.0 stars
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Three M Paper Boards IPO Listing Details

Listing Date July 22, 2024
BSE Script Code 544214
NSE Symbol
ISIN INE0UK501010
Final Issue Price ₹69 per share

Pre-Open Session - BSE

Three M Paper Boards Limited Contact Details

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 Registrar

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 - Buy or Not

Three M Paper Boards IPO Recommendation Summary

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Brokers 1 0 0
Members 1 0 0

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Three M Paper Boards IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Three M Paper Boards IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Three M Paper Boards IPO listing date is on July 22, 2024.
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