Three M Paper Boards is engaged in the business of manufacturing 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 out of 100 percent 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. The company is headquartered in Mumbai, with its manufacturing facility located in Chiplun, Dist. Ratnagiri, Maharashtra. Equipped with state-of-the-art machines and ultramodern technologies in its manufacturing facility, the company had a total manufacturing capacity of 72,000 TPA paper at the close of FY 2022–23. The company’s performance is derived from its strategic focus to be a low-cost paper manufacturer with a growing systemic integration of new technologies and processes.
Considering the present per capita paper consumption in India, the company sees a sea of opportunity lying ahead. With the growing importance of e-commerce businesses, rising literacy rates, and growing FMCG, packaged food, and stationery industries, the days ahead for the Indian paper industry are expected to be phenomenal, as the Indian paper industry is likely to outpace the global industry in terms of growth. Despite increasing digitization, the Indian paper industry is expected to clock double-digit growth over the next five years. Moreover, there are significant changes in the policies for Chinese raw material imports, which have restricted their production and curtailed their imports of some of the waste paper varieties, which has had a positive impact on the Indian waste paper-consuming mills. Looking at all these factors, the company is quite bullish about the paper industry for the coming years.
Objects of the Issue:
- 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 Review
- May Apply
Three M Paper Boards IPO Date & Price Band Details
| IPO Open: | July 12, 2024 |
| IPO Close: | July 16, 2024 |
| IPO Size: | Approx ₹39.83 Crores, 5,772,000 Equity Shares |
| Fresh Issue: | Approx ₹39.83 Crores, 5,772,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹67 to ₹69 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Three M Paper Boards IPO Market Lot
The Three M Paper Boards IPO minimum market lot is 2000 shares with a ₹138,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹138,000 |
| Retail Maximum | 1 | 2000 | ₹138,000 |
| S-HNI Minimum | 2 | 4,000 | ₹276,000 |
Three M Paper Boards IPO Dates
The Three M Paper Boards IPO date is July 12 and the IPO close date is July 16. The IPO allotment date is July 18 and the IPO might list on July 22.
| IPO Open Date: | July 12, 2024 |
| IPO Close Date: | July 16, 2024 |
| Basis of Allotment: | July 18, 2024 |
| Refunds: | July 19, 2024 |
| Credit to Demat Account: | July 19, 2024 |
| IPO Listing Date: | July 22, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Three M Paper Boards IPO Form
How to apply Three M Paper Boards IPO? You can apply Three M Paper Boards IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Three M Paper Boards IPO in the Invest section. The other option you can apply Three M Paper Boards IPO via IPO forms download via the NSE website. Check out the Three M Paper Boards forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Three M Paper Boards Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹165.52 | ₹163.18 | ₹1.73 |
| 2022 | ₹316.00 | ₹311.41 | ₹3.28 |
| 2023 | ₹329.75 | ₹323.77 | ₹6.62 |
| Sept 2023 | ₹131.88 | ₹127.31 | ₹6.02 |
Three M Paper Boards IPO Valuation – FY2023
Check Three M Paper Boards IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹100.99 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 14.00% |
| Net Asset Value (NAV): | ₹721.45 per Equity Share |
Peer Group
- N R Agarwal Industries Ltd
- Kuantum Papers Ltd
- Shree Ajit Pulp and Paper Ltd
Company Promoters
- Mr. Hitendra Dhanji Shah
- Mrs. Prafulla Hitendra Shah
- Mr. Rushabh Hitendra Shah
Three M Paper Boards IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Three M Paper Boards IPO Allotment Status
Check Three M Paper Boards IPO allotment status on Bigshare website URL. Click Here
Three M Paper Boards IPO Lead Managers aka Merchant Bankers
- Comfort Securities Pvt Ltd
Company Address
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: [email protected]
Website: https://www.threempaper.com/
