Three M Paper Boards Ltd IPO

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.

Open Demat Account

50years

Three M Paper Boards Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
57.72 LTBA19.2 L126.23 LBSE₹ 39.83 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
12 Jul, 2416 Jul, 242000 ₹ 1,34,000 Book Building - SME22 Jul, 24

Three M Paper Boards Ltd IPO Dates

  • 12 Jul 2024

    Opening date

  • 16 Jul 2024

    Closing date

  • 18 Jul 2024

    Basis of
    Allotment

  • 19 Jul 2024

    Initiation of
    Refunds

  • 19 Jul 2024

    Credit of
    Shares

  • 22 Jul 2024

    Listing date

Details

SectorType
SectorPaper
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x27380000
NII0x8240000
Retail0x19200000
Employee0x00
Total0x57720000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Three M Paper Boards Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations19.6012.0210.22
EBITDA26.2218.0715.85
PAT11.356.623.28
Total Assets119.69109.18109.13
Share Capital13.476.556.55
Total Borrowings89.8083.2686.55
Operating Activities (Net Cash)17.9712.678.91
Investing Activities (Net Cash)-0.611.250.15
Financing Activities (Net Cash)89.8083.2686.55
Net Cashflow0.135.431.30

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

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.

Peer Comparison:

  • N R Agarwal Industries Ltd
  • Kuantum Papers Ltd
  • Shree Ajit Pulp and Paper Ltd

Three M Paper Boards Ltd IPO Key Points

Strengths

  • 34-year-old strong brand in Duplex Paper.
  • Experienced promoters and a proven track record.
  • Diversified product portfolio focused on various consumer segments and markets.
  • Plan to utilize waste for power generation for captive use.
  • Extensive network connecting diverse customers and dealers alongside collaborations with raw material suppliers.

Risk

  • There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.
  • There have been some instances of non-filing/ delays / incorrect filings in the past with certain statutory authorities. If the authorities impose monetary penalties on it or take certain punitive actions against the Company in relation to the same, its business, financial condition and results of operations could be adversely be affected.
  • Its historical revenues have been significantly dependent on few customers. The loss of one or more of its significant customers or significant reduction in production and sales or demand for its product from the company's significant customers may adversely affect its business, financial condition, result of operations and cash flows.

Strategy

  • Product Diversification.
  • Innovation.
  • Plan to use waste generated.
  • Sustainability Initiatives.
  • Customer Focus.
  • 34-year-old strong brand in Duplex Paper.
  • Experienced promoters and a proven track record.
  • Diversified product portfolio focused on various consumer segments and markets.
  • Plan to utilize waste for power generation for captive use.
  • Extensive network connecting diverse customers and dealers alongside collaborations with raw material suppliers.

How To Apply for Three M Paper Boards Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Three M Paper Boards Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 12, 2024 and ends on Jul 16, 2024.

The price of Three M Paper Boards Ltd IPO ranges between ₹67 to ₹69 per share.

The Three M Paper Boards Ltd IPO opens on Jul 12, 2024 and closes on Jul 16, 2024.

The allotment for the Three M Paper Boards Ltd IPO will be finalised on Jul 18, 2024. The shares will be listed on BSE and NSE on Jul 22, 2024.

The minimum lot size for Three M Paper Boards Ltd IPO is 2000 shares, priced between ₹67 to ₹69 per share.

The GMP (Grey Market Premium) of Three M Paper Boards Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Three M Paper Boards Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Three M Paper Boards Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 12, 2024, and closes on Jul 16, 2024. The allotment is finalised on Jul 18, 2024.

To apply for the Three M Paper Boards Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.