three m paper ipo

Three M Paper Boards IPO

Closed RHP

Three M Paper IPO Details

  • Open Date 12-Jul-24
  • Close Date 16-Jul-24
  • Lot Size 2000
  • IPO Size ₹ 39.83 Cr
  • IPO Price Range ₹ 67 to ₹ 69
  • Min Investment ₹ 138,000
  • Listing Exchange BSE SME
  • Basis of Allotment 18-Jul-24
  • Refunds 19-Jul-24
  • Credit to Demat Account 19-Jul-24
  • Listing Date 22-Jul-24

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
16-Jul-2024 79.37 284.67 175.19 171.33

Three M Paper IPO Synopsis

Last Updated: 16th July 2024, 18:00 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 79.37 10,96,000 8,69,92,000 600.24
NII (HNI) 284.67 8,24,000 23,45,66,000 1,618.51
Retail 175.19 19,20,000 33,63,68,000 2,320.94
Total 171.33 38,40,000 65,79,26,000 4,539.69

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

About Three M Paper Boards

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

Profit and Loss

Balance Sheet

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


Three M Paper IPO Key Points

  • 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.
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • 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

  • Approve the mandate request on your UPI and funds will be blocked

Three M Paper IPO FAQs

When does the Three M Paper Boards IPO opens and closes?

Three M Paper Boards IPO opens from 12th July to 16th July 2024.

What is the size of Three M Paper Boards IPO?

The size of Three M Paper Boards IPO is ₹39.83 Cr.
 

What is the price band of the Three M Paper Boards IPO?

The price band of Three M Paper Boards IPO is fixed at ₹67 to ₹69 per share. 
 

How to apply for the Three M Paper Boards IPO?

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.
 

What is the minimum lot size and investment required for the Three M Paper Boards IPO?

The minimum lot size of Three M Paper Boards IPO is 2000 shares and the investment required is ₹1,38,000.
 

What is the allotment date of the Three M Paper Boards IPO?

The share allotment date of Three M Paper Boards IPO is 18th July 2024
 

What is the Three M Paper IPO listing date?

The Three M Paper Boards IPO will be listed on 22nd July 2024.
 

Who are the book runners for the Three M Paper IPO?


Comfort Securities Pvt Ltd is the book-running lead manager for Three M Paper Boards IPO.
 

What is the objective of the Three M Paper 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 Details of Three M Paper Boards IPO

Contact Information

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

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