Three M Paper Boards Limited IPO
Three M Paper Boards Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹67–₹69 per share. The stock debuted at ₹76, delivering a listing gain of 10.1%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,38,000.
Three M Paper Boards Limited IPO
- IPO Dates
- Jul 12, 2024 – Jul 16, 2024
- Price band
- ₹67-69 per equity share
- Minimum Investment
- ₹1,38,000
- Issue size
- ₹39.83 Cr
- Lot size
- 2000
- Allotment Date
- Jul 18, 2024
- Listing
- Jul 22, 2024
- Listing At
- BSE SME
IPO timeline
-
Jul 12, 2024
Open Date
Completed
-
Jul 16, 2024
Close Date
Completed
-
Jul 18, 2024
Allotment Date
Completed
-
Jul 22, 2024
Listing Date
Completed
Three M Paper Boards Limited IPO Essentials
Three M Paper Boards Limited IPO Details
Three M Paper Boards Limited IPO is priced at ₹67-69 per share with a total issue size of 39.83 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹67-69 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,772,000 shares(aggregating up to ₹39.83 Cr)
- Total issue size
- 57,72,000 shares
(aggregating up to ₹39.83 crore) - Fresh issue
- 57,72,000 shares
(aggregating up to ₹39.83 crore) - Listing at
- BSE SME
- List price
- 76.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Comfort Securities 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 reservation details show category-wise allocation of shares. Out of the total 5,772,000 shares, approximately 18.99% are reserved for QIB, 14.28% for NII, 33.26% for retail investors, 5.02% for market maker, and 28.45% for 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 Analytics
Three M Paper Boards Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Three M Paper Boards Limited IPO Subscription Status
Three M Paper Boards Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹4.91/-
- EPS Post IPO
- ₹6.26/-
- P/E Pre IPO
- 14.04
- P/E Post IPO
- 11.03
Returns
- ROE
- 18.57%
- ROCE
- 19.71%
- RoNW
- 18.51%
- PAT Margin
- 4.11
Fundamentals
- Debt / Equity
- 1.19
- Price / Book
- 1.52
Three M Paper Boards Limited Financials( In Lakhs)
| 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 |
Three M Paper Boards Limited Company & Offer Insights
About Three M Paper Boards Limited
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 are the company's promoters of Three M Paper Boards Limited.
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 Information
Contact Details
Three M Paper Boards Limited
+91 22 6812 5757
A33 & 34, Floor -2, Royal Industrial Estate, 5-B Naigaon Cross Road Wadala, Mumbai- 400031
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Three M Paper Boards Limited IPO is a book-built IPO worth ₹39.83 crore. The price band is ₹67–₹69 per share. The IPO opens on Jul 12, 2024 and closes on Jul 16, 2024. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Three M Paper Boards Limited IPO is ₹67 to ₹69 per share.
The lot size of Three M Paper Boards Limited IPO is 2000 shares.
The minimum investment for Three M Paper Boards Limited IPO is approximately ₹1,38,000 based on the upper price band .
Three M Paper Boards Limited IPO opens on Jul 12, 2024 and closes on Jul 16, 2024.
The allotment date of Three M Paper Boards Limited IPO is Jul 18, 2024.
Three M Paper Boards Limited IPO is expected to be listed on Jul 22, 2024, on BSE SME Platform.
Three M Paper Boards Limited IPO valuation snapshot: P/E 11.03, EPS ₹6.26/-, P/B 1.52, RoNW 18.51%, and market cap N/A.
To apply for Three M Paper Boards Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Three M Paper Boards Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Three M Paper Boards Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Three M Paper Boards Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Three M Paper Boards Limited IPO allotment status on IPO Ji for quick and easy access.