Three M Paper Boards IPO is a book built issue of Rs 39.83 crores. The issue is entirely a fresh issue of 57.72 lakh shares.
Three M Paper Boards IPO opens for subscription on July 12, 2024 and closes on July 16, 2024. The allotment for the Three M Paper Boards IPO is expected to be finalized on Thursday, July 18, 2024. Three M Paper Boards IPO will list on BSE SME with tentative listing date fixed as Monday, July 22, 2024.
Three M Paper Boards IPO price band is set at ₹67 to ₹69 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹276,000.
Comfort Securities Limited is the book running lead manager of the Three M Paper Boards IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Three M Paper Boards IPO is Comfort Securities.
Refer to Three M Paper Boards IPO RHP for detailed information.
Three M Paper Boards IPO Details
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Fresh Issue | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,465,360 |
| Share holding post issue | 19,237,360 |
| Market Maker portion | 290,000 shares Comfort Securities |
Three M Paper Boards IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Three M Paper Boards IPO Anchor Investors Details
Three M Paper Boards IPO raises Rs 11.33 crore from anchor investors. Three M Paper Boards IPO Anchor bid date is July 11, 2024.
| Bid Date | July 11, 2024 |
| Shares Offered | 1,642,000 |
| Anchor Portion Size (In Cr.) | 11.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 16, 2024 |
Three M Paper Boards IPO Timeline (Tentative Schedule)
Three M Paper Boards IPO opens on July 12, 2024, and closes on July 16, 2024.
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment | Thursday, July 18, 2024 |
| Initiation of Refunds | Friday, July 19, 2024 |
| Credit of Shares to Demat | Friday, July 19, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
Three M Paper Boards IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| HNI (Min) | 2 | 4,000 | ₹276,000 |
| Lot Size Calculator | |||
Three M Paper Boards IPO Promoter Holding
The Promoter of the Company are Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.00% |
About Three M Paper Boards Limited
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.
Three M Paper Boards Limited Financial Information (Restated Consolidated)
Three M Paper Boards Limited’s revenue decreased by -16.3% and profit after tax (PAT) rose by 71.53% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 19,519.88 | 18,942.55 | 18,150.44 | 14,225.50 |
| Revenue | 27,601.56 | 32,974.92 | 31,600.49 | 16,552.14 |
| Profit After Tax | 1,134.72 | 661.53 | 327.56 | 172.63 |
| Net Worth | 6,110.39 | 4,725.67 | 4,064.14 | 3,736.58 |
| Reserves and Surplus | 4,763.85 | 4,070.65 | 3,409.12 | 3,081.56 |
| Total Borrowing | 7,264.08 | 8,182.40 | 7,802.06 | 5,353.41 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Three M Paper Boards IPO is Rs 132.74 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.57% |
| ROCE | 19.71% |
| Debt/Equity | 1.19 |
| RoNW | 18.51% |
| P/BV | 1.52 |
| PAT Margin (%) | 4.11 |
Check Three M Paper Boards IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.43 | 5.9 |
| P/E (x) | 8.19 | 11.7 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (Three M Paper Boards IPO Objectives)
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 IPO Prospectus
- › Three M Paper Boards IPO DRHP
- › Three M Paper Boards IPO addendum to DRHP
- › Three M Paper Boards IPO RHP
Three M Paper Boards Limited Contact Details
Three M Paper Boards Limited
A33 & 34, Floor -2, Royal Industrial Estate
5-B Naigaon Cross Road
Wadala, Mumbai- 400031
Phone: +91 22 6812 5757
Email: compliance@threempaper.com
Website: https://www.threempaper.com/
Three M Paper Boards IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html