Bookbuilding IPO | ₹40 Cr | Listed at BSE SME | Fri, Jul 12, 2024 - Tue, Jul 16, 2024
Three M Paper Boards IPO is a book build issue of ₹39.83 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹39.83 crore.
Three M Paper Boards IPO bidding started from Jul 12, 2024 and ended on Jul 16, 2024. The allotment for Three M Paper Boards IPO was finalized on Jul 18, 2024. The shares got listed on BSE SME on Jul 22, 2024.
Three M Paper Boards IPO price band is set at ₹69 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,38,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,76,000.
Comfort Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Comfort Securities Ltd..
Refer to Three M Paper Boards IPO RHP for detailed Information.
IPO Open
Fri, Jul 12, 2024
IPO Close
Tue, Jul 16, 2024
Issue Price
₹69 per share
Market Cap (Pre-IPO)
₹132.74 Cr
| IPO Date | 12 to 16 Jul, 2024 |
| Listed on | Mon, Jul 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹69 |
| Issue Price | ₹69 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 57,72,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 2,90,000 shares Comfort Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 54,82,000 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 54,82,000 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,34,65,360 shares |
| Share Holding Post Issue | 1,92,37,360 shares |
| BSE Script Code | 544214 |
| ISIN | INE0UK501010 |
Three M Paper Boards IPO comprises a total issue size of 57,72,000 shares. The net offer to the public is 54,82,000 shares, after excluding 2,90,000 shares allotted on a firm basis. Of the Net offer 27,38,000 (49.95%) are allocated to QIB, 8,24,000 (15.03%) allocated to NII 19,20,000 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 27,38,000 | 49.95% | 47.44% |
| − Anchor Investor Shares Offered | 16,42,000 | 28.45% | |
| − QIB (Ex. Anchor) Shares Offered | 10,96,000 | 18.99% | |
| NII (HNI) Shares Offered | 8,24,000 | 15.03% | 14.28% |
| Retail Shares Offered | 19,20,000 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,90,000 | 5.02% | |
| Total Shares Offered | 57,72,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,38,000 |
| Retail (Max) | 1 | 2,000 | ₹1,38,000 |
| HNI (Min) | 2 | 4,000 | ₹2,76,000 |
Three M Paper Boards IPO raises ₹11.33 crore from anchor investors. Three M Paper Boards IPO Anchor bid date is July 11, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 11, 2024 |
| Shares Offered | 16,42,000 |
| Anchor Portion (₹ Cr.) | 11.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Aug 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Oct 16, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 195.20 | 189.43 | 181.50 | 142.26 |
| Total Income | 276.02 | 329.75 | 316.00 | 165.52 |
| Profit After Tax | 11.35 | 6.62 | 3.28 | 1.73 |
| NET Worth | 61.10 | 47.26 | 40.64 | 37.37 |
| Reserves and Surplus | 47.64 | 40.71 | 34.09 | 30.82 |
| Total Borrowing | 72.64 | 81.82 | 78.02 | 53.53 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler; | 14.00 |
| 2 | Funding working capital requirements of the Company; and | 10.00 |
| 3 | Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company; | 7.00 |
| 4 | General corporate purposes | 1.39 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.57% |
| ROCE | 19.71% |
| Debt/Equity | 1.19 |
| RoNW | 18.51% |
| PAT Margin | 4.11% |
| Price to Book Value | 1.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.43 | 5.90 |
| P/E (x) | 8.19 | 11.7 |
| Promoter Holding | 100% | 70% |
| Market Cap | ₹132.74 Cr. |
The Three M Paper Boards IPO is subscribed 171.33 times on July 16, 2024 6:19:08 PM (Day 3). The public issue subscribed 175.19 times in the retail category, 79.37 times in the QIB category, and 284.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 79.37 | 10,96,000 | 8,69,92,000 |
| NII* | 284.67 | 8,24,000 | 23,45,66,000 |
| Retail | 175.19 | 19,20,000 | 33,63,68,000 |
| Total | 171.33 | 38,40,000 | 65,79,26,000 |
Total Application : 31,464
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees (including underwriting, brokerage and selling commission) | 4.68 |
| 2 | Commission / processing fee for SCSBs, Sponsor Bank and Bankers to the Issue, Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. | 0.50 |
| 3 | Fees payable to Registrar to the Issue | 0.06 |
| 4 | Fees payable to auditors, market research firms and other consultants / professionals | 0.09 |
| 5 | Others - Listing fees, SEBI Fees, upload fees, NSE and BSE processing fees, book building software fees and other regulatory expenses | 0.11 |
| 6 | Others - Printing and Stationery | 0.02 |
| 7 | Others - Advertising and Marketing expenses | 1.26 |
| 8 | Others - Fees payable to Legal Advisors to the Issue | |
| 9 | Others - Miscellaneous | |
| Total | 6.71 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹69.00 |
| Open | ₹76.00 |
| Low | ₹76.00 |
| High | ₹79.80 |
| Last Trade | ₹79.80 |
Lead Manager Reports
Three M Paper Boards IPO is a SME IPO of 57,72,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Jul 12, 2024, and closes on Tue, Jul 16, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Three M Paper Boards IPO using UPI as a payment gateway. Zerodha customers can apply in Three M Paper Boards IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Three M Paper Boards IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Three M Paper Boards IPO opens on Fri, Jul 12, 2024 and closes on Tue, Jul 16, 2024.
Three M Paper Boards IPO lot size is 2000, and the minimum amount required for application is ₹1,38,000.
You can apply in Three M Paper Boards IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Three M Paper Boards IPO will be done on Thursday, July 18, 2024, and the allotted shares will be credited to your demat account by Fri, Jul 19, 2024. Check the Three M Paper Boards IPO allotment status.
The Three M Paper Boards IPO listing date is on Mon, Jul 22, 2024.
