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Three M Paper Boards IPO

Three M Paper Boards IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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Three M Paper Boards IPO

#1. Quick Intro to Three M Paper Boards IPO

The initial public offering (IPO) of Three M Paper Boards will open for subscription on July 12 and close on July 16, comprising only fresh issues of Rs.39.83 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on July 22, 2024.  

Three M Paper Boards Limited (1989) is engaged in the business of manufacturing recycled paper-based Duplex Board products used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies its high-quality duplex board paper products in both the domestic and international markets. The products are made out of 100% recycled waste paper and are completely biodegradable. The company sets out to undertake various innovations in both the product-development side as well as in manufacturing processes consistently.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Three M Paper Boards    

The company intends to use the IPO Funds for the following purposes: 

  1. Funding of capital expenditure requirements of the company for new machinery, etc.
  2. Funding of long-term working capital requirement of the company
  3. Repayment or prepayment of all or portion of outstanding borrowing the company avails.
  4. General corporate purposes and issue expenses. 

#3. Three M Paper Boards Core Strengths 

  1. Over 34 years old brand of Duplex paper
  2. Diversified product portfolio
  3. Strong financial performance  
  4. Extensive network connection 
  5. Experienced promoters and management team

#4. Three M Paper Boards IPO Review & Rating

Issue Size  Rs.39.83 crore
Issue Price  Rs.67-69 per share 
Minimum Lot Size 2000 Shares
Total Profit (Latest)  Rs.1134.72 Lakh
ROE (%) 18.57
RONW (%) 19.71
Listing on BSE SME
IPO Deliver Rating Two

 

#5. Three M Paper Boards IPO Dates, Price Band & Details

Three M Paper Boards IPO will open on July 12, 2024, and close on July 16, 2024. The IPO is to be listed on July 22, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.39.83 crore
Price Brand Rs.67-69 per share
Face Value Rs. 10/- per share
IPO Open Date July 12, 2024
IPO Close Date July 16, 2024
IPO Allotment Date July 18, 2024
Refund Date July 19, 2024
Share Credit Date July 19, 2024
Listing Date July 22, 2024

 

#6. Three M Paper Boards IPO Offer Details

Three M Paper Boards IPO’s total issue size is 57,72,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 57,72,000           39.83
Offer for Sale (OFS) – –

 

#7. Three M Paper Boards Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 27601.56 32974.92 31600.49
Net Worth 6110.39 4725.67 4064.14
Profit 1134.72 6661.53 327.56
Total Borrowings 7264.08 8182.40 7802.06

 

#8. Three M Paper Boards Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2023, March 31, 2022 and March 31, 2021. 

Category March 2023 March 2022 March 2021
EPS (Rs.) 100.99 50.01 26.35
RoNW (%) 14.00 8.06 4.62
NAV (Rs.) 721.45 – –

 

#9. Three M Paper Boards Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(Rs. in Lakhs)

 RoNW (%) NAV
N R Agarwal Ind. 71479.40 46.05 419.64
Kuantum Paper 61283.02 20.56 120.14

 

#10. Three M Paper Boards Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Hitendra Dhanji Shah
02. Prafulla Hitender Shah
03. Rushabh Hitendra Shah

 

#11. Three M Paper Boards Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  100.00
Post-issue 70.00

 

#12. Three M Paper Boards IPO Reservation Details

Three M Paper Boards IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not Less than 35% of the Net Offer
NII Shares Offered Not Less than 15% of the Net Offer

 

#13. Three M Paper Boards IPO – Lot Size

An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 2000 1,38,000
Retail (Max.) 1 2000 1,38,000
HNI (Min.) 2 4000 2,76,000

 

#14. Three M Paper Boards IPO – Prospectus Copy

An investor can download/view the Three M Paper Boards prospectus copy, which the company filed to exchange, details are as follows. 

Three M Paper Boards IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Three M Paper Boards IPO Registrar 

Bigshare Services Private Limited 

Website: www.bigshareonline.com 

#16. Three M Paper Boards IPO Lead Managers

Comfort Securities Limited 

Website; www.comfortsecurities.co.in 

#17. Three M Paper Boards IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Three M Paper Boards IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Three M Paper Boards Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Three M Paper Boards Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Three M Paper Boards Company Details

Three M Paper Boards Limited 

Registered Office: A33 & 34, Floor -2, Royal Industrial Estate, 5-B Naigaon Cross Road, Wadala, Mumbai, Maharashtra, India, 400031

Email: compliance@threempaper.com 

Website: www.threempaper.com

Investor Grievances/Compliance Officer: Sneha Parth Shah

#19. Three M Paper Boards Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Three M Paper Boards Company Board (Top 2)

Sr. No. Name of Directors
01. Hitendra Dhanji Shah
02. Prafulla Hitender Shah

 

Three M Paper Boards IPO – Frequently Asked Questions (FAQs)

#1. What is a Three M Paper Boards IPO?

Three M Paper Boards brings its IPO of Rs.39.83 crore, on July 12, 2024, with a price band of Rs.67-69 per share.

 

#2. What is the Three M Paper Boards IPO Open date?

Three M Paper Boards IPO’s opening date is July 12, 2024.

 

#3. What is the Three M Paper Boards IPO Close Date?

Three M Paper Boards IPO’s closing date is July 16, 2024.

 

#4. What is the Three M Paper Boards IPO Listing date?

Three M Paper Boards’s IPO listing date is July 22, 2024.

 

#5. What is the Three M Paper Boards IPO Minimum investment amount?

Three M Paper Boards IPO’s minimum investment amount is Rs.1,38,000.

 

#6. What is the Three M Paper Boards IPO offer issue Size?

Three M Paper Boards offers an issue size of Rs.39.83 crore.

 

#7. What is the Three M Paper Boards IPO Price Band?

Three M Paper Boards’s IPO price band is Rs.67-69 per share.

 

#8. Is Three M Paper Boards IPO mainboard IPO or SME IPO?

Three M Paper Boards IPO is an SME IPO.

 

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