Three M Paper Boards Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 2,000 Shares |
| Total Issue Size | 57,72,000 shares (aggregating up to ₹ 39.83 Cr) |
| Fresh Issue | 57,72,000 shares (aggregating up to ₹ 39.83 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 1,34,65,360 |
| Shareholding post issue | 1,92,37,360 |
| Market Maker portion | 2,90,000 shares Comfort Securities |
About Three M Paper Boards Limited IPO
Three M Paper Boards manufactures recycled paper-based Duplex Board products used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics and consumer goods and supplies its high-quality duplex board paper products in both the domestic and international markets. Their products are made of 100 per cent recycled waste paper and are completely biodegradable. The company sets out to undertake various innovations in both the product-development side as well as in manufacturing processes consistently.
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. 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. 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.
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
| 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 |
Company & Financials
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, and 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 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 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.
Three M Paper Boards Limited IPO Financial Information
Latest Revenue
27,601.56
₹ Crore
Profit After Tax
1,134.72
₹ Crore
Net Worth
6,110.39
₹ Crore
Total Borrowing
7,264.08
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 19,519.88 | 27,601.56 | 1,134.72 | 6,110.39 | 7,264.08 | ||||
| 31 Mar 2023 | 18,942.55 | 32,974.92 | 661.53 | 4,725.67 | 8,182.40 | ||||
| 31 Mar 2022 | 18,150.44 | 31,600.49 | 327.56 | 4,064.14 | 7,802.06 | ||||
| 31 Mar 2021 | 14,225.50 | 16,552.14 | 172.63 | 3,736.58 | 5,353.41 | ||||
| Amount in ₹ Crore | |||||||||
Three M Paper Boards Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.57% |
| ROCE | 19.71% |
| Debt/Equity | 1.19 |
| RoNW | 18.51% |
| P/BV | 1.52 |
| PAT Margin (%) | 4.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.43 | 5.9 |
| P/E (x) | 8.19 | 11.7 |
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Competitive Strengths
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Three M Paper Boards Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| HNI (Min) | 2 | 4,000 | ₹276,000 |