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.
Three M Paper Boards IPO – Details
| IPO Opening Date | 12 July 2024 |
| IPO Closing Date | 16 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 57,72,000 Shares Worth ₹39.83 Crore Fresh Issue: 57,72,000 Shares Worth ₹39.83 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹67 – ₹69 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Three M Paper Boards IPO – Date Schedule
| IPO Open Date | 12 July 2024 |
| IPO Close Date | 16 July 2024 |
| Credit of Shares to Demat Account | 18 July 2024 |
| Initiation of Refund | 19 July 2024 |
| Credit of Shares to Demat Account | 19 July 2024 |
| IPO Listing Date | 22 July 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 16, 2024 |
Three M Paper Boards IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,38,000 |
| Retail (Max) | 1 | 2000 | ₹1,38,000 |
| HNI (Min) | 2 | 4000 | ₹2,76,000 |
Competitive 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.
- 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.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 165.52 | 163.18 | 1.72 | 53.53 |
| 31 March 2022 | 316.00 | 311.41 | 3.27 | 78.02 |
| 31 March 2023 | 329.74 | 323.77 | 6.61 | 81.82 |
| 30 September 2023 | 131.87 | 127.30 | 6.01 | 76.60 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.57% |
| ROCE | 19.71% |
| Debt/Equity | 1.19 |
| RoNW | 18.51% |
| P/BV | 1.52 |
| PAT Margin (%) | 4.11 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.43 | 5.9 |
| P/E (x) | 8.19 | 11.7 |
Object Of The Issue
- Capital expenditure for installation of new machinery, modernization of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler;
- Funding long-term working capital requirements of the Company; and
- Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company;
- General corporate purposes.
Three M Paper Boards IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.00% |
Three M Paper Boards IPO Prospectus
- Three M Paper Boards IPO DRHP
- Three M Paper Boards IPO RHP
Company Contact Information
| Three M Paper Boards Limited A33 & 34, Floor -2, Royal Industrial Estate 5-B Naigaon Cross Road Wadala, Mumbai- 400031 Phone: +91 22 6812 5757 Email: compliance@threempaper.com Website: https://www.threempaper.com/ |
Three M Paper Boards IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: investor@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Three M Paper Boards IPO Lead Manager(s)
| 1. Comfort Securities Pvt Ltd |
Three M Paper Boards IPO FAQs
| What is Three M Paper Boards IPO? Three M Paper Boards IPO is a SME IPO. The issue is priced at ₹67 to ₹69 per equity share. The IPO is to be listed on BSE SME. |
| When Three M Paper Boards IPO will open? The IPO is to open on 12 July 2024 for QIB, NII, and Retail Investors. |
| What is Three M Paper Boards IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Three M Paper Boards IPO? You can apply Three M Paper Boards IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Three M Paper Boards IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Three M Paper Boards”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Three M Paper Boards IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Three M Paper Boards“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Three M Paper Boards IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Three M Paper Boards”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Three M Paper Boards IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Three M Paper Boards”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Three M Paper Boards IPO Size? Three M Paper Boards IPO size is ₹39.83 Crore. |
| What is Three M Paper Boards IPO Price Band? Three M Paper Boards IPO Price Band is ₹67 to ₹69. |
| What is Three M Paper Boards IPO Minimum and Maximum Lot Size for retail? The minimum bid is 2000 Shares with ₹1,38,000 amount while the maximum bid is 2000 Shares with ₹1,38,000. |
| What is the Three M Paper Boards IPO Allotment Date? Three M Paper Boards IPO allotment date is 18 July 2024. |
| What is the Three M Paper Boards IPO Listing Date? Three M Paper Boards IPO listing date is 22 July 2024. The IPO is to be listed on BSE SME. |
