Three M Paper Boards Limited

Company Profile
Company Name Three M Paper Boards Limited
Open Date 12-07-2024
Close Date 16-07-2024
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹67 to ₹69 per share
Issue Size 57,72,000 shares
Application Amount ₹ 1,38,000
Recommendation Apply
Originally formed and incorporated as ‘Three-M Paper Manufacturing Private Limited’ at Mumbai on July 26, 1989, under Companies Act, 1956, issued by Registrar of Companies. The company is engaged in the business of manufacturing recycled paper-based Duplex Board products used in various packaging applications across various industries. The product is made out of 100% recycled waste paper and are biodegradable. The company is headquartered in Mumbai, with its manufacturing facility located in Chiplun, Dist. Ratnagiri, Maharashtra. The company has 233 employees as of March 31, 2024. Also, during March 2024, they engaged around 316 personnel on a contractual basis.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 17,516.08 19,091.77 17,935.48
EBITDA 511.38 876.53 926.71
Net Profit 28.23 308.89 328.66
RoCE 14.49% 29.70% 21.92%
ROE 31.81% 77.68% 26.71%
P/E 147.73 13.43 13.40

Tentative Timeline

Opening Date 12-07-2024
Closing Date 16-07-2024
Basis of Allotment 18-07-2024
Initiation of Refunds 19-07-2024
Credit of Shares to Demat 19-07-2024
Listing Date 22-07-2024

Objects of the Issue

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.
Prepayment or repayment of all or a portion of outstanding borrowing availed by the company.
General Corporate Expenses.

Contact Information

Registered Office 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/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email investor@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 86.30%
Share Holding Post Issue (Promoters) 63.01%

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