Three M Paper Boards IPO Details ( Three M Paper Boards Limited IPO Review )
(12 July 2024 – 16 July 2024)
Established in July 1989, Three M Paper Boards Limited specializes in producing top-notch recycled paper-based Duplex Board products. Our products are perfect for packaging needs in industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. We proudly serve both domestic and international markets.
Our Locations and Capacity
Headquartered in Mumbai, our manufacturing facility is located in Chiplun, Ratnagiri, Maharashtra. As of the fiscal year 2022-23, our plant boasts a manufacturing capacity of 72,000 TPA (tons per annum) of paper.
Nationwide Distribution Network
With around 25 dealers spread across India, we ensure our strong presence and reliable distribution network nationwide.
Global Reach
We export our high-quality products to over 15 countries across the Asia-Pacific, Middle East, Mediterranean, and African regions, meeting global standards and fulfilling diverse packaging needs.
Our Team
As of February 2024, Three M Paper Boards Limited employs 231 dedicated staff members across various departments, driving our commitment to quality and customer satisfaction.
Choose Three M Paper Boards Limited for sustainable, high-quality packaging solutions tailored to your industry’s needs.
Three M Paper Boards Limited IPO Competitive Strength
- Diversified product portfolio
- Consistence financial performance
- Import of Raw material & Export of finished goods
- Economies of scale leads to low procurement costs
- Experienced promoters and a proven track record
- Network of Dealers and Customers
- Network of Raw Material Suppliers
- Local markets such as Mumbai, Goa, and Pune, nearby the plant, have a freight advantage, while the plant’s proximity to a port provides another freight advantage
Three M Paper Boards IPO Financials Performance ( Results )
Three M Paper Boards Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 14,225.50 | 16,552.14 | 172.63 | 3,736.58 | 3,081.56 | 5,353.41 |
| 31-Mar-22 | 18,150.44 | 31,600.49 | 327.56 | 4,064.14 | 3,409.12 | 7,802.06 |
| 31-Mar-23 | 18,942.55 | 32,974.92 | 661.53 | 4,725.67 | 4,070.65 | 8,182.40 |
| 31-Mar-24 | 19,519.88 | 27,601.56 | 1,134.72 | 6,110.39 | 4,763.85 | 7,264.08 |
Objective of Three M Paper Boards IPO Issue
- 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 Basic Details
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Face Value | ₹10 per share |
| Price | ₹67 to ₹69 per share |
| Lot Size | 2000 shares |
| 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 |
| Company Promoters | Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah |
Three M Paper Boards IPO Reservation
| QIB Shares Offered | 50.00% of the Net Issue |
| NII (HNI) Shares Offered | 15.00% of the Net Issue |
| Retail Shares Offered | 35.00% of the Net Issue |
| Total Shares Offered | 100.00% of the Net Issue |
Three M Paper IPO Timetable
Three M Paper IPO will open on July 12, 2024 and close on July 16, 2024. You can join Three M Paper IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 12 July 2024 (Friday) |
| Closing Date | 16 July 2024 (Tuesday) |
| Basis of Allotment | 18 July 2024 (Thursday) |
| Initiation of Refunds | 19 July 2024 (Friday) |
| Credit of Shares to Demat | 19 July 2024 (Friday) |
| Listing Date | 22 July 2024 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 16 July 2024 |
Three M Paper IPO Lot Size
For retail investors in Three M Paper IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹138,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹138,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| S-HNI (Min) | 2 | 4000 | ₹276,000 |
Three M Paper Boards IPO Promoter Holding
The company’s promoters include Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.00% |
Three M Paper Boards Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 132.74 |
| Earning Per Share (EPS) | ₹8.60 per Equity Share |
| Net Asset Value (NAV) | ₹45.38 per Equity Share |
| P/E Ratio (P/E) (x) | 8.19 |
| Post P/E Ratio (P/E) (x) | 11.70 |
| Return on Net Worth (RoNW) (%) | 18.51 |
| Return on equity (ROE) (%) | 18.57 |
| Return on Capital Employed (ROCE) (%) | 19.71 |
| Debt/Equity Ratio | 1.19 |
| Price/Book Value Ratio | 1.52 |
Three M Paper Boards IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹20 | – | – |
| 10 July 2024 | ₹20 | – | – |
Three M Paper Boards IPO Detail Video:
Three M Paper Boards IPO Subscription Status (Bidding Detail)
The Three M Paper Boards IPO on July 16, 2024 at 6:20:00 PM was subscribed 171.33 times, with the retail category being subscribed 175.19 times, the NII (Non-Institutional Investor) category being subscribed 284.67 times, QIB (Qualified-Institutional Buyers) category being subscribed 79.37 times.
| Category | Subscription |
| QIB | 79.37x |
| NII | 284.67x |
| Retail | 175.19x |
| Total | 171.33x |
Three M Paper Boards IPO Prospectus
| Three M Paper Boards IPO DRHP | Download |
| Three M Paper Boards IPO RHP | Download |
| Three M Paper Boards IPO Anchor Investors Details PDF | Download |
Three M Paper Boards IPO Rating
| Our Rating | 3.5/5.0 |
Three M Paper Boards Company Contact Information
Three M Paper Boards Limited
Registered Office: A33 & 34, Floor-2, Royal Industrial Estate, Wadala, Mumbai-400031, Maharashtra, India.
Website: www.threempaper.com
E-Mail: compliance@threempaper.com
Tel. No: +91 22-6812 5757
Company Secretary and Compliance Officer: Ms. Sneha Parth Shah
Three M Paper Boards IPO Registrar
Bigshare Services Private Limited
SEBI Registration Number: INR000001385
Address: S6-2, 6th Floor, Pinnacle Business Park, Andheri (East), Mumbai – 400093, Maharashtra, India
Telephone Number: 022 6263 8200
Email Id: ipo@bigshareonline.com
Investors Grievance Id: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal C
CIN: U99999MH1994PTC076534
Three M Paper Boards IPO Lead Manager
Comfort Securities Limited
SEBI Registration Number: INM000011328
Address: A Wing, Hetal Arch, Malad West, Mumbai – 400064, Maharashtra, India
Telephone Number: +91 22 6894 8500
Email Id: compliance@comfortsecurities.co.in
Investors Grievance Id: merchantbanking@comfortsecurities.co.in
Website: www.comfortsecurities.co.in
Contact Person: Ms. Muskan Gupta
CIN: U67120MH2002PLC136562
Three M Paper Boards IPO FAQs
What is the lot size of Three M Paper Boards IPO?
The total size of Three M Paper Boards IPO is ₹39.83 crores and this is a complete fresh Issue.
When will Three M Paper Boards IPO start?
Three M Paper Boards IPO will open from 12 July 2024 and IPO will close on 16 July 2024.
What is the open date of Three M Paper Boards IPO?
Three M Paper Boards IPO will open date from 12 July 2024.
What is the last date ( close date ) of Three M Paper Boards IPO?
Three M Paper Boards IPO will close from 16 July 2024.
What is the price band of Three M Paper Boards IPO?
Three M Paper Boards IPO price band is ₹67 to ₹69. ( Upper Price Band: ₹69, Lower Price Band: ₹67 )
What is the minimum amount required to apply for Three M Paper Boards IPO?
The minimum investment for retailers to apply for Three M Paper Boards IPO is ₹138,000 and the maximum investment is ₹138,000.
What is going on gray market premium of Three M Paper Boards IPO?
View gray market premium of Three M Paper Boards IPO by Clicking Here
How much is the GMP of Three M Paper Boards IPO?
Watch Three M Paper Boards IPO GMP Today: Click Here
What is the allotment date of Three M Paper Boards IPO?
The allotment date of Three M Paper Boards IPO is 18 July 2024.
How to check allotment status in Three M Paper Boards IPO?
To check the allotment status of Three M Paper Boards IPO, first of all go to the registrar website by clicking here, select your bad Three M Paper Boards IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Three M Paper Boards IPO?
The listing date of Three M Paper Boards IPO is 22 July 2024.
How much will be the listing gain in Three M Paper Boards IPO?
View listing gain of Three M Paper Boards IPO by Clicking Here
How much time Three M Paper Boards IPO is subscribed?
Total 171.33 times subscribed in Three M Paper Boards IPO out of which 175.19 times subscription was done in retail quota, 284.67 times subscription in NII quota and 79.37 times subscription in QIB quota.
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How to apply for Three M Paper Boards IPO from Zerodha?
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