Three M Paper Boards IPO Details, GMP Price, Date, Review

Three M Paper Boards IPO

Three M Paper Boards IPO details Today : Three M Paper Boards IPO details Today is Open on 12 July 2024 and Close on 16 July 2024. Three M Paper Boards IPO to Raise 5,772,000 shares (Approx ₹39.83 Cr) via IPO. The Fresh issue of 5,772,000 shares (Approx ₹39.83 Cr). Three M Paper Boards IPO Will be  Listed on BSE SME .

The company is engaged in the business of manufacturing recycled paper-based 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.

Considering the present per capita paper consumption in India, the company sees a sea of opportunity lying ahead. With the growing importance of e-commerce businesses, rising literacy rates, and growing FMCG, packaged food, and stationery industries, the days ahead for the Indian paper industry are expected to be phenomenal, as the Indian paper industry is likely to outpace the global industry in terms of growth.

KEY PRODUCTS SEGMENTS Three M Paper (TMP) Product :- 

line features in well-established ROYAL brand Paper & Boards, ranging from 200 to 500 GSM.

Royal Grey Back GSM Range: 200 – 400

  • Applications
  • Food Packaging
  • FMCG
  • Garments & Apparels
  • Liquor Cartons

Prima Grey Back GSM Range: 200 – 400

  • Applications
  • FMCG
  • Footwear Cartons
  • Notebook Covers
  • Garments & Apparels
  • Liquor cartons

Royal White Back GSM Range: 200 – 400

  • Applications
  • Playing Cards
  • Pharmaceuticals
  • FMCG
  • Garments & Apparels
  • Liquor cartons

The Company has a strong Pan-India distribution network of around 25 dealers which helps us to maintain our presence across the country.

Strengths:

  1.  In-house core competency in pulp & paper.
  2.  Low power cost due to in-house coal-based power generation capability.
  3.  Plan to utilize waste for power generation for captive use.
  4.  Utilization of imported coal with stable supply instead of local coal with fluctuating supply.
  5.  Established network of dealers and customers.
  6.  30-year-old brand in Duplex Paper.
  7.  Established network of raw material suppliers.

Weaknesses:

  1.  High initial capital investment.
  2.  High pollution control equipment cost to meet stringent environmental norms.
  3.  Dependency on high-cost imported raw material.
  4.  Lack of own collection centers for recovered paper.

Opportunities:

  1. Plastic ban leading to increased use of packing paper.
  2. High demand for the product in the western region.
  3. Growing export demand for the product due to restrictions in China.
  4. Increased demand due to growth in FMCG.
  5. High cost of jute/cloth-based packaging bags.
  6. Increasing awareness among people to reduce the usage of plastic-based bags and packaging material.

Threats:

  1.  Stringent environmental norms.
  2.  Large number of organized and unorganized players.
  3.  Thin margins.
  4.  Fluctuation in raw material prices.
  5.  Fluctuation in foreign currency exchange.
  6.  Limited availability of imported coal and other raw materials.

Three M Paper Boards IPO Date & Price Band Details

IPO Open Date 12 July 2024
IPO Close Date 16 July 2024
IPO Size 5,772,000 shares (Approx ₹39.83 Cr)
Fresh Issue 5,772,000 shares (Approx ₹39.83 Cr)
Lot Size 2000 Shares
IPO Face Value ₹10 Per Equity Share"
IPO Price Band ₹67 to ₹69 Per Every Share
IPO Listing On BSE SME
IPO Retail Quota 35%
IPO QIB Quota 50%
IPO NII Quota 15%
DRHP Draft Click Here
Anchor Investor Click Here

Three M Paper Boards IPO Market Lot Details

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹138,000
Retail Maximum 1 2000 ₹138,000
S-HNI Minimum 2 4000 ₹276,000

Object of the Issue

  1.  Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler.
  2.  Funding long-term working capital requirements of our Company.
  3.  Prepayment or repayment of all or a portion of outstanding borrowing availed by our Company.
  4.  General corporate purposes.

Three M Paper Boards IPO Allotment & Listings (Details)

IPO Open Date 12 July 2024
IPO Close Date 16 July 2024
Basis of Allotment 18 July 2024
Refunds 19 July 2024
Credit to Demat Account 19 July 2024
IPO Listing Date 22 July 2024

Three M Paper Boards Financial Reports

₹ in Lakhs
Year Revenue Net Worth PAT
Sept 2023 ₹13,187.86 ₹5,327.57 ₹601.90
2023 ₹32,974.92 ₹4,725.67 ₹661.53
2022 ₹31,600.49 ₹4,064.14 ₹327.56
2021 ₹16,552.14 ₹3,736.58 ₹172.63

Our Company Promoters

  1. Hitendra Dhanji Shah
  2. Prafulla Hitendra Shah
  3. Rushabh Hitendra Shah

Qualitative Factors

  • 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.
  • Effective procurement and supply chain management through bulk purchasing, leveraging economies of scale, and strategic importation, enhancing cost efficiency and competitiveness.
  • Consistent track record of profitable growth and strong financial performance.

Three M Paper Boards Comparison Listed Industry Peers Group

Company Name Face Value EPS P/E Ratio Ro NW (%) NAV Per Revenue (₹ in Lakhs)
Three M Paper Boards Limited 100.00 91.89 [.] 22.60 713.37 13,187.86
Peer Group
N R Agarwal Industries Ltd 10.00 46.05 7.88 21.94 419.64 71,479.40
Kuantum Papers Ltd 1.00 12.35 14.27 20.56 120.14 61,283.02
Shree Ajit Pulp and Paper Ltd 10.00 7.11 26.89 3.70 385.66 14,504.08

Comparison of accounting ratios with listed industry peers

  • Three M Paper Boards Limited
  • N R Agarwal Industries Ltd
  • Kuantum Papers Ltd
  • Shree Ajit Pulp and Paper Ltd

Also Read: Zinka logistics solutions IPO Details, GMP Price, Date, Review

Three M Paper Boards Company Contact Details

A33 & 34, Floor -2, Royal Industrial Estate,
5-B Naigaon Cross Road, Wadala,
Mumbai – 400031, Maharashtra, India
Telephone No.: +91 22 6812 5757
E-Mail: compliance@threempaper.com
Website: www.threempaper.com

Three M Paper Boards IPO Registrar

Bigshare Services Private Limited
Office No. S6-2, 6th Floor
Pinnacle Business Park, Next to Ahura Centre
Mahakali Caves Road, Andheri (East)
Mumbai – 400 093, Maharashtra, India
Tel.: + 91 22 6263 8200
E-mail ID: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Raphael

3 thoughts on “Three M Paper Boards IPO Details, GMP Price, Date, Review”

Leave a Comment

Facebook
Twitter
WhatsApp
Telegram
LinkedIn