Three M Paper Boards is scheduled to hit the market on July 12, 2024 and close on July 16, 2024. Three M Paper Boards plans to raise around ₹39.83 Cr through an IPO with a sale of up to 5,772,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Three M Paper Boards Limited, established in July 1989, is a Mumbai-based company with a manufacturing unit in Chiplun, Maharashtra. Specializing in producing high-quality recycled paper-based Duplex Board products for packaging applications, the company serves industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods both domestically and internationally. With a manufacturing capacity of 72,000 TPA as of FY 2022-23, Three M Paper Boards Limited has a strong presence in the market through its network of 25 dealers spread across India.
Having shipped its products to more than 15 countries spanning the Asia-Pacific, Middle East, the Mediterranean, and African regions, Three M Paper Boards Limited has established itself as a provider of top-notch packaging solutions meeting global standards. With 231 employees across various departments as of February 2024, the company continues to expand its reach and maintain its reputation for delivering quality products to a diverse clientele.
Three M Paper Boards IPO Details
Three M Paper Boards IPO opens on July 12, 2024, and closes on July 16, 2024. The Listing date for Three M Paper Boards IPO is on July 22, 2024. The price band for IPO is ₹67 to ₹69 per share and lot size of 2000 Shares.
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | July 22, 2024 |
| Price | ₹67 to ₹69 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹39.83 Cr |
| Face Value | ₹10 per share |
Three M Paper Boards IPO Tentative Timetable
Three M Paper Boards opening date is July 12, 2024 and close date is July 16, 2024. The IPO allotment date is July 18, 2024. The refund initiation of IPO is on July 19, 2024. The credit of shares in demat account is on July 19, 2024. The listing date is on July 22, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 12, 2024 |
| IPO Closing | July 16, 2024 |
| IPO Allotment Date | July 18, 2024 |
| Refund Initiation | July 19, 2024 |
| Shares Credit to Demat | July 19, 2024 |
| Lisiting Date | July 22, 2024 |
Three M Paper Boards IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹138,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹138,000 |
| Retail(Maximum) | 1 | 2000 | ₹138,000 |
| HNI (Minimum) | 2 | 4000 | ₹276,000 |
Three M Paper Boards IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.00% |
Three M Paper Boards IPO Review
Three M Paper Boards Ltd. (TMPBL) is engaged in the manufacturing of recycled paper-based duplex board products used for packaging across various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods. TMPBL supplies its biodegradable products both domestically and internationally. The company, headquartered in Mumbai with a manufacturing facility in Chiplun, Maharashtra, has a production capacity of 72,000 TPA as of FY 2023-24. TMPBL focuses on innovations in product development and manufacturing processes, positioning itself as a low-cost paper manufacturer with advanced technology integration. As of March 31, 2024, the company had 233 employees.
Financially, TMPBL has shown steady growth, with total income/net profit of Rs. 165.52 crore/Rs. 1.73 crore (FY21), Rs. 316.01 crore/Rs. 3.28 crore (FY22), Rs. 329.49 crore/Rs. 6.62 crore (FY23), and Rs. 272.24 crore/Rs. 11.35 crore (FY24). However, the sudden boost in profits in FY24, despite a decline in the top line, raises concerns about sustainability. The issue appears fully priced, with a P/E of 11.70 based on FY24 earnings and 20.06 based on FY23 earnings. The company's PAT margins and RoCE have also shown improvement, but the sudden jump in profits warrants caution.
The company's dividend policy is currently conservative, with no dividends declared for the reported periods. TMPBL's listed peers include N R Agarwal, Kuantum Papers, and Shree Ajit Pulp, with P/E ratios of 6.67, 8.27, and 14.8, respectively. TMPBL is operating in a competitive and fragmented market segment, and while the paper industry's prospects appear positive, the sustainability of TMPBL's recent financial performance is uncertain. Well-informed investors may consider parking moderate funds for the medium term, but the fully priced issue and raised concerns suggest a cautious approach.
Three M Paper Boards IPO Subscription Status (Bidding Details)
Table not foundThree M Paper Boards IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Three M Paper Boards IPO FAQs
What is Three M Paper Boards IPO?
Three M Paper Boards is issuing 5,772,000 equity shares with a face value of ₹10 each, totaling up to ₹39.83 Cr. The shares are being offered at a price of ₹67 to ₹69 each, with a minimum order quantity of 2000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Three M Paper Boards IPO will open?
Three M Paper Boards will open on July 12, 2024 for QIB, NII, and Retail Investors.
When Three M Paper Boards IPO will end?
Three M Paper Boards will end on July 16, 2024.
What is Three M Paper Boards IPO Size?
Three M Paper Boards IPO size is ₹39.83 Cr.
What is Three M Paper Boards IPO Price Band?
Three M Paper Boards price band is ₹67 to ₹69 per share.
What is the Three M Paper Boards IPO Allotment Date?
Three M Paper Boards allotment date is July 18, 2024.
What is the Three M Paper Boards IPO Listing Date?
Three M Paper Boards listing date is July 22, 2024. The IPO is to be listed on BSE and NSE.
How to Three M Paper Boards IPO through Zerodha?
To apply for the IPO “Three M Paper Boards” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Three M Paper Boards IPO through Upstox?
To apply for the IPO “Three M Paper Boards” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Three M Paper Boards IPO Allotment Status?
For Three M Paper Boards IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Three M Paper Boards IPO GMP?
You can check out here: Three M Paper Boards IPO GMP