THREE M PAPER BOARDS LIMITED

12 Jul 2024 - 16 Jul 2024 Individual Category SME BSE

Min Investment

₹138000

Price Band

₹67-₹69

Issue Size

41.3 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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12 Jul 2024

Open Date

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16 Jul 2024

Close Date

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18 Jul 2024

Allotment Date

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22 Jul 2024

Listing Date

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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About Three M Paper Boards Limited

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.

Founded

1989

Managing Director

Mr. Hitendra Dhanji Shah

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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