Three M Paper IPO Subscription Status: 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 is an SME IPO and Listed on NSE SME. Three M Paper IPO Price Band is Fixed at ₹69 Equity Share. Three M Paper IPO Lot Size is 2000 Shares.
About Three M Paper IPO :
- Three M Paper 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.
Three M Paper IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 10,96,000 | 8,69,92,000 | 79.37 |
| Non Institutional Buyers (NIIs) | 8,24,000 | 23,45,66,000 | 284.67 |
| Retail Individual Buyers (RIIs) | 19,20,000 | 33,63,68,000 | 175.19 |
| Anchor Investor | 16,42,000 | 16,42,000 | 1 |
| Market Maker | 2,90,000 | 2,90,000 | 1 |
| Total | 38,40,000 | 65,79,26,000 | 171.33 |
Three M Paper Subscription Status day-by-day-
| Categories | 12 July | 15 July | 16 July |
|---|---|---|---|
| QIB | 0.00 | 0.01 | 79.37 |
| NII | 7.14 | 34.99 | 284.67 |
| RII | 12.98 | 55.11 | 175.19 |
| Total | 8.02 | 35.07 | 171.33 |
Three M Paper Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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