Three M Paper Boards Limited IPO
- IPO Date12 Jul, 2024 to 16 Jul, 2024
- Listing Date22 Jul, 2024
- Face Value₹10 per share
- Issue Price₹67 to ₹69 per share
- Lot Size2000 Shares
- Minimum Investment₹1,38,000
- Listing AtBSE SME
- Total Issue Size57,72,000 Shares
(aggregating up to ₹39.83 Cr) - Fresh Issue57,72,000 Shares
(aggregating up to ₹39.83 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,34,65,360
- Shareholding post issue1,92,37,360
IPO Dates
Closing Date
16 Jul, 2024
Initiation of Refunds
19 Jul, 2024
Listing Date
22 Jul, 2024
12 Jul, 2024
Opening Date
18 Jul, 2024
Basis of Allotment
19 Jul, 2024
Credit of Shares
Three M Paper Boards Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 2000 | ₹1,38,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,76,000 |
| Retail (Min) | 1 | 2000 | ₹1,38,000 |
| B-HNI (Min) | - | - | - |
Three M Paper Boards Limited Promoter Holding
The Promoter of the Company are Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 70% |
Three M Paper Boards Limited COMPANY INFORMATION
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. The allotment for the Three M Paper Boards IPO is expected to be finalized on Thursday, July 18, 2024. Three M Paper Boards IPO will list on BSE SME with tentative listing date fixed as Monday, July 22, 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. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹276,000. 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. Refer to Three M Paper Boards IPO RHP for detailed information.
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, 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 specialize 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.
As of February 2024, the company employs 231 employees in various departments.
Analysis of THREE M PAPER BOARDS LIMITED IPO
Summary
The Red Herring Prospectus for THREE M PAPER BOARDS LIMITED outlines the details of the 100% Book Built Issue, including information about the company, the issue size, share reservation, and regulatory and statutory regulations. The company's Equity Shares are proposed to be listed on the SME Platform of BSE Limited. The document contains sections on general information, risk factors, introduction, the issue, restated summary statements, financial information, and key performance indicators (KPIs).
Pros
- Detailed Information: The prospectus provides comprehensive details about the company, the issue, and financial information.
- Regulatory Compliance: The document adheres to the regulations of the SEBI (ICDR) Regulations, 2018, ensuring transparency and compliance.
- Listing Approval: The company has obtained in-principle approval from BSE for the listing of equity shares on the SME Platform.
Cons
- SEBI Disclaimer: The disclaimer clause of SEBI emphasizes that the submission of the offer document should not be construed as clearance or approval by SEBI .
- Uncertainty: The document mentions that the permission given by BSE should not be deemed as an endorsement of the correctness or completeness of the contents of the offer document.
- Limitations on Withdrawal: Certain categories of investors have restrictions on withdrawing their bids, which may limit flexibility.
FAQs About Three M Paper Boards Limited Ipo
Three M Paper Boards Limited IPO will open on 12 Jul, 2024 and close on 16 Jul, 2024. Investors must apply within this period to participate.
The Three M Paper Boards Limited IPO price band is set between ₹67.00 and ₹69.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹138000.00.
The Three M Paper Boards Limited IPO shares are expected to be listed on 22 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Three M Paper Boards Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Three M Paper Boards Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.