Three M Paper Boards IPO Date, Review, Price, Allotment Details

Three M Paper Boards IPO Details: Three M Paper Boards IPO date is fixed, The IPO will open on July 12 and will close on July 16. Three M Paper Boards is a BSE SME IPO to raise ₹39.83 crores via IPO. The Three M Paper Boards IPO price band is fixed at ₹67 to ₹69 with a market lot of 2000 shares.

Three M Paper Boards IPO

Table of Contents


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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹138,000
Retail Maximum12000₹138,000
S-HNI Minimum24,000₹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
YearRevenueExpensePAT
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/

Three M Paper Boards IPO FAQs


What is Three M Paper Boards IPO?

Three M Paper Boards IPO is an BSE SME IPO. They are going to raise ₹39.83 Crores via IPO. The issue is priced at ₹67 to ₹69 per equity share. The IPO is to be listed on BSE.

When Three M Paper Boards IPO will open?

The IPO is to open on July 12, 2024 for QIB, NII, and Retail Investors.

What is Three M Paper Boards IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Three M Paper Boards IPO?

You can apply Three M Paper Boards IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Three M Paper Boards IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Three M Paper Boards”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Three M Paper Boards IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Three M Paper Boards”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Three M Paper Boards IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Three M Paper Boards”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Three M Paper Boards IPO Size?

Three M Paper Boards IPO size is ₹39.83 crores.

What is Three M Paper Boards IPO Price Band?

Three M Paper Boards IPO Price Band is ₹67 to ₹69 per equity share.

What is Three M Paper Boards IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹138,000.

What is Three M Paper Boards IPO Allotment Date?

Three M Paper Boards IPO allotment date is July 18, 2024.

What is Three M Paper Boards IPO Listing Date?

Three M Paper Boards IPO listing date is July 22, 2024. The IPO to list on BSE SME.

Note: The Three M Paper Boards IPO details are announced officially. The IPO grey market premium (Three M Paper Boards IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.

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