Issue Price
₹ 67-₹ 69
per equity share
Issue Size
41.3 lakhs
equity share
Face Value
₹
per equity share
Market Lot
2000
equity share
Please note
Listing at BSE
THREE M PAPER BOARDS LIMITED
Important Dates
IPO Open Date
12 Jul 2024
IPO Close Date
16 Jul 2024
Allotment Date
18 Jul 2024
Initiation of Refunds
19 Jul 2024
Credit of Shares to Demat Account
19 Jul 2024
IPO Listing Date
22 Jul 2024
UPI Mandate Expiry Date
16 Jul 2024
IPO Details
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.
Seize the deal, apply for IPO today!
Apply for IPOAbout 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.
Parent Organisation
-
Founded
1989
Managing Director
Mr. Hitendra Dhanji Shah
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.
How to apply for IPO
- Login to your Bigul 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
Open Demat Account in 5 Minutes
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PAN Card | Aadhaar Card | Bank Account Number
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