Three M Paper Boards Limited IPO Detail
Founded in July 1989, Three M Paper Boards Limited manufactures high-quality recycled paper-based Duplex Board products for packaging applications across various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods. The company supplies its products in both domestic and international markets.
The company is based in Mumbai, with a manufacturing facility in Chiplun, Dist. Ratnagiri, Maharashtra. It has a manufacturing capacity of 72,000 TPA of paper as of FY 2022-23.
The company has about 25 dealers spread across India, ensuring our presence nationwide with a strong distribution network.
The company specialize 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 of February 2024, the company employs 231 employees in various departments.
Company Promoters
The Promoter of the Company are Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.IPO Details
| IPO Opening Date | Jul 12, 2024 |
| IPO Closing Date | Jul 16, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹67 - 69 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹39.83 Cr |
| Fresh Issue | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 7.14x | 12.98x | 8.02x |
| Day 2 | 0.01x | 0.00x | 0.00x | 34.99x | 55.11x | 35.07x |
| Day 3 | 79.37x | 0.00x | 0.00x | 284.67x | 175.19x | 171.33x |
IPO Tentative Timetable
The Three M Paper Boards Limited IPO open date is Jul 12, 2024, and the close date is Jul 16, 2024. The issue may list on Jul 22, 2024.
| IPO Open Date | Jul 12, 2024 |
| IPO Close Date | Jul 16, 2024 |
| Basis of Allotment Date | Jul 18, 2024 |
| Initiation of Refunds | Jul 19, 2024 |
| Credit of Shares to Demat Account | Jul 19, 2024 |
| IPO Listing Date | Jul 22, 2024 |
IPO Lot Size
The Three M Paper Boards Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹138000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹138000 |
| Maximum | 1 | 2000 | ₹138000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.00% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 19519.88 | 27601.56 | 1134.72 |
| 31-Mar-23 | 18942.55 | 32974.92 | 661.53 |
| 31-Mar-22 | 18150.44 | 31600.49 | 327.56 |
Objects of the Issue:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler;
- Funding long-term working capital requirements of the Company; and
- Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company;
- General corporate purposes.
Three M Paper Boards Limited IPO Registrar:
Bigshare Services Pvt Ltd
Three M Paper Boards Limited IPO Lead Manager(s):
Comfort Securities Limited
Company Contact Information:
Three M Paper Boards Limited
A33 & 34, Floor -2, Royal Industrial Estate 5-B Naigaon Cross Road Wadala
Mumbai
Mumbai
