Three M Paper IPO Allotment Status Online

Three M Paper Boards IPO

Three M Paper IPO Allotment Status Online: Three M Paper IPO is Open on 12 July, 2024 and Close on 16 July, 2024. Three M Paper 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).

  • The Retail Quota is 35%
  • QIB is 50%
  • NII is 15%

Three M Paper IPO Basis of Allotment Status on 18 July, 2024. Three M Paper IPO Refund Date is 19 July 2024 and Three M Paper IPO Credit to Demat on 19 July 2024.

Also Read: Three M Paper Boards IPO Details, GMP Price, Date, Review

Three M Paper IPO Allotment Link Online

About –

Three M Paper 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.

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, with its manufacturing facility located in Chiplun, Dist. Ratnagiri, Maharashtra. Our promoter, Mr. Hitendra Dhanji Shah, has been associated with the paper industry for more than two decades, having wide experience in marketing, management, and administration and having in-depth knowledge of the paper industry.

His son, Mr. Rushabh Shah (B.E. from the UK), is overseeing production, factory coordination, and marketing. They are also supported by a team of qualified specialists in technical, administrative, financial, and marketing areas. 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. Despite increasing digitization, the Indian paper industry is expected to clock double-digit growth over the next five years.

There are significant changes in the policies for Chinese raw material imports, which have restricted their own production and curtailed their imports of some of the waste paper varieties, which has had a positive impact on the Indian waste paper-consuming mills. Looking at all these factors, the company is quite bullish about the paper industry for the coming years.

The company’s performance is derived from its strategic focus to be a low-cost paper manufacturer with a growing systemic integration of new technologies and processes. TMPAPER took the decision to fast track the above-mentioned transition by setting up of a new 400 TPD Duplex Machine. The rationale behind setting up another Duplex Board plant is increasing demand of the product coupled with TMPAPER’s expertise in this segment. The project is expected to cost INR 400 Cr and shall be funded by way of debt, internal accruals and by Equity Participation.

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.

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