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Three M Paper Boards Limited, founded in July 1989, manufactures high quality recycled paper based Duplex boards for packaging. Their products are used in various industries including food and beverage, pharmaceuticals, cosmetics and consumer goods. Based in Mumbai, the company exports to over 15 countries across Asia Pacific, Middle East, Mediterranean and African regions showcasing their global standards.
Three M Paper Boards IPO Overview
Three M Paper Boards IPO is launching its IPO plan to raise ₹39.83 crores. The issue is a completely fresh issue. Subscription for Three M Paper Boards IPO opens on 12 July 2024 and closes on 16 July 2024. Allotment of shares is expected to be finalized on 18 July 2024 and the shares are set to be listed on BSE SME on July 22, 2024. Price range for the IPO is set between ₹67 and ₹69 per share. Currently, the company’s promoter holds 100% stake which will be reduced post issue to 70. Registrar for the Three M Paper Boards IPO is Bigshare Services.
Three M Paper Boards IPO GMP
Three M Paper Boards IPO SME IPO’s latest GMP is ₹11 as of 10 July 2024. Given the upper price band of ₹69, the estimated listing price is ₹80 (cap price + today’s GMP). This suggests an expected gain of 15.94% per share.
Stay tuned with Trade Target for daily updates on Three M Paper Boards IPO GMP and the expected listing price.
- Date: 15 – July – 2024
- Three M Paper Boards GMP: ₹34 (49.28%)
- Date: 14 – July – 2024
- Three M Paper Boards GMP: ₹34 (49.28%)
- Date: 13 – July – 2024
- Three M Paper Boards GMP: ₹40 (57.97%)
- Date: 12 – July – 2024
- Three M Paper Boards GMP: ₹40 (57.97%)
- Date: 11 – July – 2024
- Three M Paper Boards GMP: ₹32 (46.38%)
- Date: 10 – July – 2024
- Three M Paper Boards GMP: ₹20 (28.99%)
- Date: 09 – July – 2024
- Three M Paper Boards GMP: ₹11 (15.94%)
How can one apply for Three M Paper Boards IPO?
Three M Paper Boards’s IPO requires investors to bid for a minimum of 2000 shares. Here’s a summary of the minimum and maximum shares that retail investors and HNIs can buy along with the investment value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
2000 |
₹138,000
|
|
Retail (Max) |
1 |
2000 |
₹138,000
|
|
S-HNI (Min) |
2 |
4000 |
₹276,000 |
Three M Paper Boards IPO Financial
Three M Paper Boards IPO has shown positive financial growth over the past 3years. Check the summary of Three M Paper Boards IPO’s financial performance for the periods ending on March 31 of each year.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
19,519.88
|
18,942.55
|
18,150.44
|
|
Revenue (₹ Lakhs) |
27,601.56 |
32,974.92
|
31,600.49
|
|
PAT (₹ Lakhs)
|
1,134.72 |
661.53
|
327.56
|
|
Total Borrowing (₹ Lakhs)
|
7,264.08
|
8,182.40
|
7,802.06 |
Three M Paper Boards IPO Quota allocation
- QIB Investor: 50% of the net issue
- Retail Investor: 35% of the net issue
- NII (HNI) Investor: 15% of the net issue
Expected Listing Date for Three M Paper Boards IPO
- Subscription Period: 12 July to 16 July
- Basis of Allotment Finalization: 18 July 2024
- Initiation of Refunds: 19 July 2024
- Demat Credits: 19 July 2024
- Listing Date: 22 July 2024
- Listing on: BSE SME
