Three M Paper Boards IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 12 to Jul 16 2024
Price Band
₹67 - 69
Current GMP
₹76(30.14%)
Subscription
171.33 times
IPO Details
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | Monday, July 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹67 to ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,772,000 shares (aggregating up to ₹39.83 Cr) |
| Fresh Issue | 5,772,000 shares (aggregating up to ₹39.83 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 Comfort Securities |
IPO Date
July 12, 2024 to July 16, 2024
Listing Date
Monday, July 22, 2024
Face Value
₹10 per share
Price Band
₹67 to ₹69 per share
Lot Size
2000 Shares
Total Issue Size
5,772,000 shares (aggregating up to ₹39.83 Cr)
Fresh Issue
5,772,000 shares (aggregating up to ₹39.83 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 Comfort Securities
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 79.37 |
| Non-Institutional Buyers*** | 284.67 |
| Retail Investors | 175.19 |
| Total ** | 171.33 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
79.37
Non-Institutional Buyers***
284.67
Retail Investors
175.19
Total **
171.33
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Jul 12, 2024 | 0.00 | 7.14 | 12.98 | 8.02 |
| Day 2 Jul 15, 2024 | 0.01 | 34.99 | 55.11 | 35.07 |
| Day 3 Jul 16, 2024 | 79.37 | 284.67 | 175.19 | 171.33 |
DayDay 1
Jul 12, 2024
QIB0.00
NII*7.14
Retail12.98
Total8.02
DayDay 2
Jul 15, 2024
QIB0.01
NII*34.99
Retail55.11
Total35.07
DayDay 3
Jul 16, 2024
QIB79.37
NII*284.67
Retail175.19
Total171.33
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 22-07-2024 | 69.00 | 30(43.48%) | 99 |
| 21-07-2024 | 69.00 | 30(43.48%) | 99 |
| 20-07-2024 | 69.00 | 34(49.28%) | 103 |
| 19-07-2024 | 69.00 | 34(49.28%) | 103 |
| 18-07-2024 | 69.00 | 36(52.17%) | 105 |
| 17-07-2024 | 69.00 | 40(57.97%) | 109 |
| 16-07-2024 | 69.00 | 40(57.97%) | 109 |
| 15-07-2024 | 69.00 | 34(49.28%) | 103 |
| 14-07-2024 | 69.00 | 34(49.28%) | 103 |
| 13-07-2024 | 69.00 | 40(57.97%) | 109 |
| 12-07-2024 | 69.00 | 40(57.97%) | 109 |
| 11-07-2024 | 69.00 | 32(46.38%) | 101 |
| 10-07-2024 | 69.00 | 20(28.99%) | 89 |
| 09-07-2024 | 69.00 | 11(15.94%) | 80 |
Date22-07-2024
Price69.00
GMP30(43.48%)
Estimate List Price99
Date21-07-2024
Price69.00
GMP30(43.48%)
Estimate List Price99
Date20-07-2024
Price69.00
GMP34(49.28%)
Estimate List Price103
Date19-07-2024
Price69.00
GMP34(49.28%)
Estimate List Price103
Date18-07-2024
Price69.00
GMP36(52.17%)
Estimate List Price105
Date17-07-2024
Price69.00
GMP40(57.97%)
Estimate List Price109
Date16-07-2024
Price69.00
GMP40(57.97%)
Estimate List Price109
Date15-07-2024
Price69.00
GMP34(49.28%)
Estimate List Price103
Date14-07-2024
Price69.00
GMP34(49.28%)
Estimate List Price103
Date13-07-2024
Price69.00
GMP40(57.97%)
Estimate List Price109
Date12-07-2024
Price69.00
GMP40(57.97%)
Estimate List Price109
Date11-07-2024
Price69.00
GMP32(46.38%)
Estimate List Price101
Date10-07-2024
Price69.00
GMP20(28.99%)
Estimate List Price89
Date09-07-2024
Price69.00
GMP11(15.94%)
Estimate List Price80
IPO Important Dates
| 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 | 5 PM 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
5 PM on July 16, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
| HNI (Min) | 2 | 4,000 | ₹276,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹138,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹138,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹276,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 19,519.88 | 18,942.55 | 18,150.44 |
| Revenue | 27,601.56 | 32,974.92 | 31,600.49 |
| Profit After Tax | 1,134.72 | 661.53 | 327.56 |
| Net Worth | 6,110.39 | 4,725.67 | 4,064.14 |
| Reserves and Surplus | 4,763.85 | 4,070.65 | 3,409.12 |
| Total Borrowing | 7,264.08 | 8,182.40 | 7,802.06 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 202419,519.88
31 Mar 202318,942.55
31 Mar 202218,150.44
Period EndedRevenue
31 Mar 202427,601.56
31 Mar 202332,974.92
31 Mar 202231,600.49
Period EndedProfit After Tax
31 Mar 20241,134.72
31 Mar 2023661.53
31 Mar 2022327.56
Period EndedNet Worth
31 Mar 20246,110.39
31 Mar 20234,725.67
31 Mar 20224,064.14
Period EndedReserves and Surplus
31 Mar 20244,763.85
31 Mar 20234,070.65
31 Mar 20223,409.12
Period EndedTotal Borrowing
31 Mar 20247,264.08
31 Mar 20238,182.40
31 Mar 20227,802.06
Key Performance Indicator
| ROE | 18.57% |
| ROCE | 19.71% |
| Debt/Equity | 1.19 |
| RoNW | 18.51% |
| P/BV | 1.52 |
| PAT Margin (%) | 4.11 |
| EPS (Rs) | 8.43 |
ROE
18.57%
ROCE
19.71%
Debt/Equity
1.19
RoNW
18.51%
P/BV
1.52
PAT Margin (%)
4.11
EPS (Rs)
8.43
IPO Reservation
| Anchor Investor Shares Offered | 1,642,000 (28.45%) |
| Market Maker Shares Offered | 290,000 (5.02%) |
| QIB Shares Offered | 1,096,000 (18.99%) |
| NII (HNI) Shares Offered | 824,000 (14.28%) |
| Retail Shares Offered | 1,920,000 (33.26%) |
| Total Shares Offered | 5,772,000 (100%) |
Anchor Investor Shares Offered
1,642,000 (28.45%)
Market Maker Shares Offered
290,000 (5.02%)
QIB Shares Offered
1,096,000 (18.99%)
NII (HNI) Shares Offered
824,000 (14.28%)
Retail Shares Offered
1,920,000 (33.26%)
Total Shares Offered
5,772,000 (100%)
Information about company
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.
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Capital expenditure for installation of new machinery, modernisation 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.
Disclaimer
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