Three M Paper Boards Limited IPO
BSE SMEListed On: Jul 22, 2024 at ₹ 76.0
₹ 276000 /4000 Shares
*Min Investment
12 Jul, 2024
Open Date16 Jul, 2024
Close Date18 Jul, 2024
Allotment Date22 Jul, 2024
Listing DateThree M Paper Boards Limited IPO Issue Details
- Issue Price ₹67-69 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 57,72,000 shares(aggregating up to ₹39.83 crore)
- Fresh Share 57,72,000 shares(aggregating up to ₹39.83 crore)
- Listing at BSE SME
- List Price 76.0
- Listing Date 2024-07-22
- Lead Manager Comfort Securities Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,38,000 |
| Retail(max) | 1 | 2000 | ₹1,38,000 |
| NII (min) | 2 | 4,000 | ₹2,76,000 |
Three M Paper Boards Limited IPO Reservation
Three M Paper Boards Limited IPO offers total 5,772,000 shares. Out of which 1,096,000 (18.99%) allocated to QIB, 824,000 (14.28%) allocated to NII,1,920,000 (33.26%) allocated to RII, NA (NA%) allocated to employees and 1,642,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,642,000 (28.45%) | |
| Market Maker Shares Offered | 290,000 (5.02%) | |
| QIB Shares Offered | 1,096,000 (18.99%) | |
| NII (HNI) Shares Offered | 824,000 (14.28%) | |
| Retail Shares Offered | 1,920,000 (33.26%) | |
| Total Shares Offered | 5,772,000 (100%) |
Three M Paper Boards Limited IPO Details
Three M Paper Boards Limited IPO is an SME IPO, priced at ₹67-69 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 57,72,000 equity shares, aggregating up to ₹39.83 crores..
The IPO bidding window is open from Jul 12, 2024 to Jul 16, 2024. The allotment is expected to be finalized on Jul 18, 2024, and the tentative listing date is Jul 22, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,38,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,76,000.
Comfort Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Comfort Securities Ltd will act as the market maker for this issue.
Three M Paper Boards Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,096,000 / 824,000* | 1,920,000 | 3,840,000 |
Day 1 12-07-24 06:00 PM | 0.00 / 7.14 x | 12.98 x | 8.02 x |
Day 2 15-07-24 06:00 PM | 0.01 / 34.99 x | 55.11 x | 35.07 x |
Day 3 16-07-24 06:00 PM | 79.37 / 284.67 x | 175.19 x | 171.33 x |
Three M Paper Boards Limited Valuations
Three M Paper Boards Limited Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 19,519.88 | 18,942.55 | 18,150.44 |
| Revenue | 27,601.56 | 32,974.92 | 31,600.49 |
| Profit After Tax | 1,134.72 | 661.53 | 327.56 |
| Net Worth | 6,110.39 | 4,725.67 | 4,064.14 |
| Reserves & Surplus | 4,763.85 | 4,070.65 | 3,409.12 |
| Total Borrowing | 7,264.08 | 8,182.40 | 7,802.06 |
About Three M Paper Boards Limited Company
Founded in July 1989, Three M Paper Boards Limited is a manufacturer of high-quality recycled paper-based Duplex Board products for packaging applications in food and beverage, pharmaceuticals, cosmetics, and consumer goods industries. The company sells its products in the domestic as well as international markets.
Headquartered in Mumbai, with a manufacturing unit at Chiplun, Dist. Ratnagiri, Maharashtra. Currently, as on FY 2022-23, its paper manufacturing capacity stands at 72,000 TPA.
There are approximately 25 dealers present across the length and breadth of India, hence having a proper reach throughout the nation with an impressive distribution channel.
The company specializes 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 more than 15 countries in the Asia-Pacific, Middle East, the Mediterranean, and African regions. This shows that TMP's high-quality products meet global standards.
The company has 231 employees in different departments as of February 2024.
Three M Paper Boards Limited - Promoter(s)
Mr. Hitendra Dhanji Shah
Mrs. Prafulla Hitendra Shah
Mr. Rushabh Hitendra Shah
Pre Issue Share Holding : 100%
Post Issue Share Holding : 70%
Three M Paper Boards Limited IPO - Issue Objectives
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
Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company
General corporate purposes.
Three M Paper Boards Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Three M Paper Boards Limited | 91.89 | 91.89 | 45.38 | N/A | 18.57 | 1.52 | Consolidated |
| N R Agarwal Industries Ltd | 46.05 | 46.05 | 446.73 | 6.84 | 16.5 | 1.13 | Consolidated |
| Kuantum Papers Ltd. | 12.35 | 12.35 | 128.79 | 7.64 | 12.07 | 1.25 | Consolidated |
| Shree Ajit Pulp And Paper Ltd | 7.11 | 7.11 | 302.68 | 15.86 | 3.51 | 0.74 | Consolidated |
Notes:
- As of the date of this Red Herring Prospectus, Three M Paper Boards Limited specializes in the production of Duplex Paper Boards derived from 100% recycled wastepaper.
- Since there is no listed entity presently engaged exclusively in the manufacturing of Duplex Paper Boards, it is difficult to categorize the exact comparable peers for determining the basis of the issue price.
- However, for comparison purposes, the company has considered peer companies from the Paper Industry.
- The P/E Ratio for the peer group has been computed based on the closing market price of equity shares on the Stock Exchange as of June 26, 2024, divided by the diluted EPS for the year ended March 31, 2024.
Contact Details
Three M Paper Boards Limited
A33 & 34, Floor -2, Royal Industrial Estate, 5-B Naigaon Cross Road Wadala, Mumbai- 400031
+91 22 6812 5757
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Three M Paper Boards Limited IPO - FAQs
Ans. Three M Paper Boards Limited IPO is a SME IPO. The issue is priced at ₹67-69 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jul 12, 2024, and closes on Jul 16, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Three M Paper Boards Limited IPO opens on Jul 12, 2024 and closes on Jul 16, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Three M Paper Boards Limited IPO is 5,772,000 shares(aggregating up to ₹39.83 Cr).
Ans. The Three M Paper Boards Limited IPO price band is set between ₹67-69 per equity share.
Ans. To apply for Three M Paper Boards Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Three M Paper Boards Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Three M Paper Boards Limited IPO is Jul 18, 2024.
Ans. The Three M Paper Boards Limited IPO will be listed on Jul 22, 2024.
Ans. Follow the steps to check the Three M Paper Boards Limited IPO allotment status online.
