Three M Paper Boards Limited
Bookbuilding IPO · BSE
- Price band
- ₹67 - ₹69
- Lot size
- 2,000 shares
- Issue amount
- ₹39.83 cr
- Total subscription
- 171.41×
- Opens
- 12 Jul 2024
- Closes
- 16 Jul 2024
- Allotment
- 18 Jul 2024
- Listing
- 22 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 57,72,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,34,000
- Fresh issue
- ₹39.83 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,38,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,34,65,360
- Shares after issue
- 1,92,37,360
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,38,000 |
| HNI | 2 | 4,000 | ₹2,76,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.56 | 600.24 |
| RETAIL | 13.25 | 2,320.94 |
| NIB | 5.69 | 1,620.51 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.6 | 5.05 | 2.5 |
| ROE | 18.57 | 14 | 8.06 |
| ROCE | 19.71 | 15.44 | 12.93 |
| RONW | 18.51 | 14 | 8.06 |
| PRE IPO(PE) | 8.19 | 0 | 0 |
| POST IPO(PE) | 11.7 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Three M Paper Boards Limited, established in 1989, is a leading manufacturer of high-quality recycled paper-based Duplex Board products catering to industries like food and beverage, pharmaceuticals, cosmetics, and consumer goods. Headquartered in Mumbai, the company operates a manufacturing facility in Chiplun, Maharashtra, with a production capacity of 72,000 TPA as of FY 2022-23. With a strong distribution network of 25 dealers across India, Three M Paper Boards also exports to over 15 countries in the Asia-Pacific, Middle East, Mediterranean, and Africa. As of February 2024, the company employs 231 individuals, reinforcing its position as a key player in the packaging industry.
Strengths
- Established Industry Presence: With 34 years in the Duplex Paper industry, Three M Paper Boards Limited is a trusted and well-recognized brand.
- Experienced Leadership: Led by seasoned promoters with a strong track record, ensuring stability and strategic growth.
- Diverse Product Offerings: A broad portfolio catering to multiple industries, serving both domestic and international markets.
Risk factors
- Legal Uncertainties: Ongoing legal proceedings involving the company, promoters, and directors pose potential risks to business operations and financial stability if outcomes are unfavorable.
- Revenue Concentration Risk: Heavy reliance on a few key customers means any loss or decline in demand could significantly impact cash flow and overall financial performance.
- Financial Instability: A history of negative cash flows from operating, investing, and financing activities raises concerns about long-term sustainability and growth prospects.
Promoters
Mr. Hitendra Dhanji Shah
Mrs. Prafulla Hitendra Shah
Mr. Rushabh Hitendra Shah
Registrar & documents
Lead manager
Comfort Securities Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A33 & 34, Floor -2, Royal Industrial Estate, 5-B Naigaon Cross Road Wadala, Mumbai- 400031
+91 22 6812 5757
[email protected]Company website ↗Understanding THREEMPAPE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.