Three M Paper Boards IPO: All Important Points Discussed

• Three M Paper Boards IPO is a book-built issue of 39.83 crores.
• This upcoming IPO bidding opens on July 12 and closes on July 16, 2024.
• Aelea Commodities SME IPO price band Rs 67 to Rs 69 per share.
• The Minimum investment required Rs 1,38,000.

Three M Paper Boards IPO: Synopsis

Three M Paper Boards IPO is open for subscription starting Thursday, July 12, 2024, and closing on Monday, July 16, 2024. This upcoming IPO's price band is Rs 67 to 69 per share. The minimum lot size set for the retail category is 2000 shares. 

Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum investment required for retail category investors is Rs 1,38,000 ( 69 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,76,000 (69 x 4000 shares). 

Three M Paper Boards IPO is a book-built issue of Rs 39.83 crores. This upcoming IPO is entirely a fresh issue of 57.72 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, July 18, 2024. 

Three M Paper Boards IPO will be listed on BSE SME on Monday, July 22, 2024. Comfort Securities Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar. The market maker for this IPO is Comfort Securities.

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Three M Paper Boards IPO: About Company

Three M Paper Boards was founded in 1989 and manufactures high-quality recycled paper-based Duplex Board products for packaging across various industries, such as food and beverages, pharma, cosmetics, and consumer goods. 

Three M Paper Boards supplies its products in both domestic and international markets. The company has about 25 dealers spread across India, ensuring our presence nationwide with a strong distribution network. 

They specialise 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 per latest data available, the company has 231 team members in various departments.

Three M Paper Boards IPO: Objectives

The net proceeds from this IPO will be used for capital expenditures on new machinery, modernisation of certain processes in existing manufacturing facilities, and installation of plastic-fired low-pressure boilers. 

The money will also be used to fund the company's long-term W.C. requirements and repay certain outstanding borrowings.

Three M Paper Boards IPO: Other Important Details 

Time-Table of Three M Paper Boards IPO

Three M Paper Boards IPO: Financial Metrics (Amt in Rs Lakhs)

Three M Paper Boards posted revenue of Rs 27,601.56 lakhs and net profit of Rs 1,134.72 lakhs for the period ending on 31 Mar 2024. The company’s revenue decreased by -16.30% and PAT increased by 71.53% between the financial year ending with 31 Mar 2024 and 31 Mar 2023.

Three M Paper Boards IPO: EPS and P/E Ratio Post IPO

Reservation of Three M Paper Boards IPO

Promoters of Three M Paper Boards Limited and Their Holdings

The promoters of Three M Paper Boards company are Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.

Three M Paper Boards: Strength

1. Three M Paper Boards products are used in various industries such as food and beverages, pharma, cosmetics, and consumer goods.

2. The company’s profit after tax is constantly rising from Rs 172.63 lakhs in March 2021 to Rs 1,134.72 lakhs in March 2024. 

3. The company’s EPS and PE ratio post IPO are likely to be Rs 5.9 per share and 11.7 respectively.

FAQs

1. What are the details of the Three M Paper Boards IPO?

Three M Paper Boards IPO is a book-built issue of Rs 39.83 crores. This upcoming IPO is entirely a fresh issue of 57.72 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, July 18, 2024. 

2. Who are the lead managers for the Three M Paper Boards IPO?

Comfort Securities Limited is appointed as the book running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Three M Paper Boards Limited, handling the IPO's administrative aspects.

4. How can I apply for the Three M Paper Boards IPO?

The public subscription of this new IPO will open on July 12, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net proceeds from this offer will be used for capital expenditures on new machinery, modernisation of certain processes in existing manufacturing facilities, and installation of plastic-fired low-pressure boilers.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Three M Paper Boards Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Three M Paper Boards?

Three M Paper Boards posted revenue of Rs 27,601.56 lakhs and net profit of Rs 1,134.72 lakhs for the period ending on 31 Mar 2024. The company’s revenue decreased by -16.30% and PAT increased by 71.53% between the financial year ending with 31 Mar 2024 and 31 Mar 2023.

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