Three M Paper Boards IPO is Issue with Size of Rs 39.83 crores (Full Book Built Issue) This is an entirely new issue of 57.72 lakh shares by fresh capital
The initial public offer of Three M Paper Boards will open for subscription on July 12, 2024 and closes the following day. The finaliz a tion of the allotment for Three M Paper Boards IPO will be done on Thursday, July 18, 2024. So Track the performance of Three M Paper Boards here: BSE SME The post Issue Opens for Subscription appeared first on IPO.
Three M Paper Boards Price band: ₹ 67 to ₹ 69 Three M Paper Boards IPO from the Ancestors of ” ThreeM” and cutting Edge Tech Temples (just kidding), needs a certain amount of Answer mental Geist, when we are talking about its name. The minimum lot size to bid for is 2000 Shares. Retail investors are required to invest minimum ₹138,000 HNI Minimum Lot Size Investment- 4,000 shares(2 lots) and amounting to ₹276,400.
Company Overview of Three M Paper Boards Limited
Three M Paper Boards LimitedA Unit of Michigan Holdings Ltd, was established in the year 1989 it is a ISO-9001 certified Professional Packaging Board Manufacturing Company. The factory is in Chiplun, Dist Ratnagiri, Maharashtra. Mill with annual production capacity 72,000 TPA and is adopting state-of-the-art technology to manufacture paper boards of the international standard quality that are suited for high-quality print jobs in notebook as well as packaging requirements globally. The Company is working in the service of nearly every industry of Printing, Writing and Publishing as well Stationary,Note Book & Packaging Industry from several years that support nation’s development.
Continuous innovation and upgradation are the only solutions to meet customer needs as experienced through our mill that is always in tune with changing market requirements for India & abroad. I believe our growth and success, while great for fulfilling customer orders or delighting my stakeholders – are evidence of that zeal to honor creativity and innovation. The Coated Duplex Paper Board manufactured by us through this state-of-the-art technology leads to ecologically sustainable growth of the Company.
Quality Control Laboratory:- We Established A Modern Quality Checking Lab Having All Type Of Latest Instruments Which Are Purchase From Well Known Manufacturers To Assure The Best Grade Material Our Buyers. Innovating : Our R&D team at the company is working all day and night to improve upon the manufacturing of Coated Duplex Paper Board, from pulp to board quality. Strict norms for pollution control and industrial safety are being religiously followed at our factory in order to reduce harm, more towards protection of this status quo environmental condition – a safer working environment hazard-free from diseases (even an isolated case with the current laws could have started a series crop-off effect-cycle).
Product Portfolio
The company offers a varied portfolio of products such as paper and packaging, which is not restricted to any particular kind These include:
Corrugated Boxes: Mostly used in e-commerce, FMCG and other packaging sectors.
Folding Cartons: Used by the pharmaceutical and consumer goods areas for packaging.
Paper Bags: – a popular substitute for plastic bags among few segments as these are Biodegradable.
Specialty Papers – Personalized solutions for luxury packaging and industrial areas.
Tentative detail of Three M Paper Boards IPO
Three M Paper Boards 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 | 5 PM on July 16, 2024 |
Promoter Holding of Three M Paper Boards IPO
The Promoter of the Company are Mr. Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah and Mr. Rushabh Hitendra Shah.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.00% |
Financial details of Three M Paper Boards Limited
Three M Paper Boards Limited’s revenue decreased by -16.3% and profit after tax (PAT) rose by 71.53% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 19,519.88 | 18,942.55 | 18,150.44 | 14,225.50 |
| Revenue | 27,601.56 | 32,974.92 | 31,600.49 | 16,552.14 |
| Profit After Tax | 1,134.72 | 661.53 | 327.56 | 172.63 |
| Net Worth | 6,110.39 | 4,725.67 | 4,064.14 | 3,736.58 |
| Reserves and Surplus | 4,763.85 | 4,070.65 | 3,409.12 | 3,081.56 |
| Total Borrowing | 7,264.08 | 8,182.40 | 7,802.06 | 5,353.41 |
| Amount in ₹ Lakhs | ||||
Investment Rationale
Strong Market Position
Three M Paper Boards has a leading market position based on its broad product portfolio, strong history of business preformance and high repute for quality anf More Info reliability. Also, the company’s focus on sustainability and innovation adds to its cost leadership position.
Growth Potential
India is heralding as the fastest-growing market for paper, board and packaging industry globally on account of rising demand for packaged products. The company is extremely well placed to take advantage -Three M Paper Boards
Financial Stability
Healthy Balance Sheet and Strong Financial Management provide solid foundation for future growth. Expanding as planned without an increase in debt will also strengthen financial stability.
Experienced Management Team
THREE M PAPER BOARDS is managed by a team of professional managers who has vast experience in the Paper industry and with established track record. This is what we want the company to do, and this is why it has grown so fast: vision from leadership + operational capacity.
Vision of Three M Paper Boards Limited
At Three M Paper, we imagine a better future for our planet – and the devoted members of the team who have made it possible to this point. Our vision is to become the first brand in eco-friendly and superior paper products that cater for our customers, while also respecting our planet. We are envisioning to raise the bar on quality and environmental responsibility in paper for brands by nurturing a culture of research, development,innovation, continuous improvement towards work ethics serving our stakeholders and communities worldwide beyond their expectations.
Mission of Three M Paper Boards Limited
Three M Paper carries high flare of Quality, Integrity and Innovation which is a hallmark with the legacy handed down by our founding Shah Family Eras. We are dedicated to innovation and sustainability, creating the best paper products on earth. Our vision is to empower employees, support communities and benefit the environment while also maintaining profitability from growth. In this way, we strive to create long-term relationships with our clients by providing quality and superiority in every sheet of paper that rolls off the press.
Conclusion
Three M Paper Boards IPO offers a good investing option for the investors looking to cash on the growth in paper and packaging industry in India. Based on their leading positions in attractive markets, excellent financial performance and track record of strong growth combined with continuous focus on sustainability and innovation, the company is well placed for future expansion. However, there are also risks and challenges in the industry to be reckoned with by investors. Consequently, the IPO appears to be offering a balanced risk-reward proposition and seems like an attractive investment for traders looking at adding it as in diversified portfolio. if you to understand what is IPO click here.
How to Apply Three M Paper Boards Limited IPO through Zerodha?
This Step 1: Login to Zerodha Console
You need to open your browser and visit the Zerodha website: https://console.zerodha.com
Sign in with your security details: Zerodha user ID, password, and PIN to log into the account.
Step 2: Go to the work and finds for IPO section.
Visit Portfolio: After logging to your account, click on the tab ‘Portfolio’ available in left-hand side menu.
Direct to ‘IPO’: Click on ‘Portfolio’ and then click on the ‘IPOs’in blue as marked below from main menu.
Step 3: Choose the Three M Paper Boards Limited IPO
IPO: Take List =>Click on the IPO, Find from a list “Three M Paper Boards Limited”
Click on ‘Apply’: After you select Three M Paper Boards Limited IPO it will take to the next page where he/she needs to click (on one of Bid Details Radio button) as shown in above image and then finally at bottom after Terms & Condition, Demat No etc. Click On Apply
4. On the next screen, fill in your Application Details
UPI ID : In application form, you have to enter your UPI ID To do so make sure your UPI ID is linked to the Bank account having an equivalent asset glossed with amount payable.
Bid Details: Fill in the number of shares you want to apply for, and bid price You may opt for cut-off price and apply using the ‘Cut Off’ parameters.
Verify Your Information: Review all information entered to make sure it is accurate
Step 5: Fill out and submit the Application
Step 4:Click Submit: After entering all the mandatory details, click on submit button.
Mandate on UPI: You will receive a mandate request in your UPI app. You need to login using your mobile app and approve the mandate for blocking funds required for IPO application.
Step 6: Verify Your App
Once you have successfully validated the UPI mandate your IPO application will be submitted. 3) Check status: Where can you see the status of your application;”’goto my order ==> IPO & check in Order Book section