Three M Paper Boards Ltd IPO

About Three M Paper Boards Ltd

Three M Paper Boards Limited was incorporated as Three-M-Paper Manufacturing Company Private Limited at Mumbai as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 26, 1989, issued by the RoC. Pursuant to conversion of the company from private to public, under section 43A(1A) of the Companies Act 1956, the name of the Company was changed from Three-M-Paper Manufacturing Company Private Limited to Three-M-Paper Manufacturing Company Limited by deleting the word Private, and a fresh certificate of incorporation consequent to change of name was issued on July 01, 1998. Pursuant to reconversion of the company from public to private, the name of the Company was changed from Three-M-Paper Manufacturing Company Limited to Three-M-Paper Manufacturing Company Private Limited and a fresh certificate of incorporation consequent to change of name was issued on October 05, 1999. Subsequently, the name of the Company was changed from Three-M-Paper Manufacturing Company Private Limited to Three M Paper Boards Private Limited and a fresh certificate of incorporation issued by RoC recording the change in name was issued on January 11, 2024. Subsequently, the Company was converted to a public limited company and the name of the Company changed to `Three M Paper Boards Limited' and a fresh certificate of incorporation dated January 29, 2024 was issued by the RoC. The CIN of the Company is U22219MH1989PLC052740.

The Indian paper industry plays a noteworthy role on the global stage, contributing approximately 5% to the world's paper production. The industry's economic impact is substantial, with an estimated turnover exceeding INR 80,000 crore, contributing to approximately INR 5,000 crore to the national exchequer. In terms of employment, the industry directly engages 500,000 individuals and indirectly supports an additional 1.5 million jobs. Amajority of the paper mills comprise of diverse technological landscape, ranging from the oldest to the most modern technologies. These mills utilize various raw materials, including wood, bamboo, recycled fibre, bagasse, wheat straw and rice husk. The production shares indicate that approximately 21% are based on wood, 71% on recycled fibre, and 8% on agro residues. According to industry sources, the paper & pulp industry has an annual turnover of INR 700 billion, with an estimated 861 paper mills, of which 526 are operational. The collective installed capacity stands at an impressive 30.73 million tonnes, portraying the industry's robust and expansive presence.

The company is engaged in the business of manufacturing recycled paper-based coated 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. Our 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 on a consistent basis. The company is headquartered in Mumbai, India with its manufacturing facility located in Chiplun, Dist. Ratnagiri - 415604, Maharashtra, India. Equipped with state-of-the-art machines and ultra-modern technologiesin its manufacturing facility, the company had a total manufacturing capacity of 72,000 TPA paper at the close of FY 2023-24.

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