Three M Paper Boards IPO bidding started from July 12, 2024 and ended on July 16, 2024. The allotment for the Three M Paper Boards IPO is expected to be finalized on Thursday, July 18, 2024. Three M Paper Boards IPO will list on BSE SME with tentative listing date fixed as Monday, July 22, 2024.
IPO Size: 5,772,000 shares (39.83 Cr) Fresh Issue: 577 shares (0.00 Cr) Subscription Dates: July 12, 2024 to July 16, 2024 Expected Allotment: Thursday, July 18, 2024 Listing Date (Tentative): July 22, 2024 Price Band: ₹67 to ₹69 per share Retail Investors: ₹.138,000 (2000 shares) Small HNI : ₹.276,000(2 lots, 4000 shares) Big HNI : ₹.1,104,000(8 lots, 16000 shares)
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | July 22, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Fresh Issue | 577 (aggregating up to ₹0.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,465,360 |
| Share holding post issue | 19,237,360 |
| Market Maker Portion | 290,000 Shares |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,642,134 (28.45%) |
| QIB Shares Offered | 1,096,103 (18.99%) |
| NII (HNI) Shares Offered | 824,242 (14.28%) |
| Retail Shares Offered | 1,919,767 (33.26%) |
| Others | 289,754 (5.02%) |
| Total Shares Offered | 5,772,000 (100%) |
| Investor Category | Shares Offered *** | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Anchor Investors | 1,642,134 | |||
| Qualified Institutions | 1,096,103 | |||
| Non-Institutional Buyers | 824,242 | |||
| Retail Investors | 1,919,767 | |||
| Others | 289,754 | |||
| Total | 4,947,758 | 0 | 0.00 | 0.00 |
Three M Paper Boards Limited IPO raises ₹ 11.33 crore from anchor investors. Three M Paper Boards Limited IPO Anchor bid date is July 11, 2024. Three M Paper Boards Limited IPO Anchor Investors list
| Bid Date | July 11, 2024 |
| Shares Offered | 1642000 |
| Anchor Portion Size (In Cr.) | 11.33 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 16, 2024 |
Three M Paper Boards Limited IPO opens on July 12, 2024 and closes on July 16, 2024.
| IPO Open Date | Friday, July 12, 2024 |
| IPO Close Date | Tuesday, July 16, 2024 |
| Basis of Allotment* | Thursday, July 18, 2024 |
| Initiation of Refunds* | Friday, July 19, 2024 |
| Credit of Shares to Demat* | Friday, July 19, 2024 |
| Listing Date* | Monday, July 22, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, July 16, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹ 138,000 |
| Retail (Max) | 1 | 2000 | ₹ 138,000 |
| HNI (Min) | 2 | 4000 | ₹ 276,000 |
The promoters of the company are Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 70% |
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
| Listing Date | July 22, 2024 |
| Final Issue Price | ₹ 69 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 69 | ₹ 69 |
Three M Paper Boards Limited IPO is a main-board FPO of 5,772,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 39.83 Crores. The issue is priced at ₹67 to ₹69 per share. The minimum order quantity is 2000 Shares.
The Three M Paper Boards Limited IPO opens on July 12, 2024 and closes on July 16, 2024.
Retail Investors: ₹.138,000 (2000 shares) Small HNI : ₹.276,000(2 lots, 4000 shares) Big HNI : ₹.1,104,000(8 lots, 16000 shares)
The finalization of Basis of Allotment for Three M Paper Boards Limited IPO will be done on Thursday, July 18, 2024, and the allotted shares will be credited to your demat account by Friday, July 19, 2024. Check the Three M Paper Boards Limited IPO allotment status.