Three M Paper Boards Limited IPO: Analysis, GMP & Subscription Status
Introduction
Three M Paper Boards Limited is set to launch its Initial Public Offering (IPO) from July 12, 2024, to July 16, 2024. This blog provides a comprehensive overview of the IPO, including the company's background, financial performance, and key IPO details.
Company Overview
Three M Paper Boards Limited, originally incorporated as "Three-M-Paper Manufacturing Company Private Limited," has a long history in the paper manufacturing industry. The company was later renamed Three M Paper Boards Limited and has established itself as a significant player in the market.
IPO Timeline
The IPO timeline for Three M Paper Boards Limited is as follows:
- 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 Details
- IPO Dates: 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
- Minimum Order Quantity: 2000 shares
- Total Shares Offered: 5,772,000 shares (up to ₹39.83 crore)
- Fresh Issue: 5,772,000 shares (up to ₹39.83 crore)
- Issue Type: Book Built Issue
- Listing Exchange: BSE SME
- Pre-issue Shareholding: 13,465,360 shares
- Post-issue Shareholding: 19,237,360 shares
- Market Maker Portion: 290,000 shares
Three M Paper Boards Limited Financial Performance
Three M Paper Boards Limited has shown consistent financial growth over recent years. Below is a summary of their financial performance:
| Particulars |
March 31, 2024 |
March 31, 2023 |
March 31, 2022 |
March 31, 2021 |
| Total Assets |
₹1,951.99 crore |
₹1,894.26 crore |
₹1,815.04 crore |
₹1,422.55 crore |
| Revenue |
₹2,760.16 crore |
₹3,297.49 crore |
₹3,160.05 crore |
₹1,655.21 crore |
| Net Profit |
₹113.47 crore |
₹66.15 crore |
₹32.76 crore |
₹17.26 crore |
| Net Worth |
₹611.04 crore |
₹472.57 crore |
₹406.41 crore |
₹373.66 crore |
| Reserves & Surplus |
₹476.39 crore |
₹407.07 crore |
₹340.91 crore |
₹308.16 crore |
| Total Borrowings |
₹726.41 crore |
₹818.24 crore |
₹780.21 crore |
₹535.34 crore |
Key Strengths
- Established Market Presence: Three M Paper Boards Limited has built a strong presence in the paper manufacturing sector with a wide range of products.
- Experienced Management: The management team comprises seasoned professionals with extensive experience in the industry.
- Strong Financial Performance: The company has shown robust financial growth, with increasing revenue and profits over the years.
Risks and Challenges
- Market Competition: The company faces competition from both established players and new entrants in the paper manufacturing sector.
- Regulatory Risks: Changes in regulations related to the paper and manufacturing sectors could impact the company's operations.
- Economic Conditions: The company’s performance is influenced by economic conditions, which can affect project funding and execution.
Use of IPO Proceeds
The funds raised from the IPO will be utilized for:
- Expansion Plans: Enhancing operational capacities and expanding product offerings.
- Debt Repayment: Reducing existing debt to improve financial stability.
- General Corporate Purposes: Meeting general corporate expenses and requirements.
Three M Paper Boards IPO GMP & Subscription Stats
Stay updated with the latest information on the Three M Paper Boards Limited IPO Grey Market Premium (GMP) and Subscription Status.
Grey Market Premium (GMP)
| Date |
GMP (₹) |
| Today |
₹40 |
| 15 July |
₹34 |
| 12 July |
₹30 |
| 11 July |
₹20 |
Subscription Status [Times]
| Date |
QIBs |
NIIs |
Retail Investors |
Total Subscription |
| July 12, 2024 |
0.00 |
7.14 |
12.98 |
8.02 |
| July 15, 2024 |
0.01 |
34.99 |
55.11 |
35.07 |
| July 16, 2024 |
71.20 |
234.46 |
157.71 |
149.49 |
This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions. Keep an eye on this space for real-time updates!
How to Apply
Investors can apply for the Three M Paper Boards Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.
Conclusion
The Three M Paper Boards Limited IPO presents a promising opportunity for investors, given the company’s strong market presence, experienced management, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.
For more details, refer to the DRHP of Three M Paper Boards Limited.
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