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Three M Paper IPO
Three M Paper Boards Ltd
₹1,34,000 /2000 sharesMinimum Investment
Three M Paper IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Jul ‘24 - 16 Jul ‘24 | ₹1,34,000 | 2,000 | ₹67 - ₹69 |
| Issue Size | IPO Doc |
|---|---|
| 39.83Cr | RHP PDF |
About Three M Paper
Founded in
1989
Parent organisation
Three M Paper Boards Ltd
Strengths & Financials of Three M Paper
Strengths
Risks
The company’s products are made out of 100 percent recycled waste paper and are completely biodegradable.
The company is ISO 9001:2015 certified for quality management systems; ISO 14001:2015 certified for environmental management systems, and ISO 45001:2018 certified for occupational health and safety management systems.
The company’s profit after tax (PAT) has risen consistently over the years. PAT rose from Rs 3.27 crore in FY22 to Rs 6.61 crore in FY23 and Rs 11.35 crore in FY24.
The company is involved in ongoing legal proceedings that include its promoters and directors. Any negative outcome from these cases could significantly affect the company’s financial health.
The company’s top 10 customers contributed 45.24%, 48.09%, 63.85%, and 57.01% of total revenue in FY24, FY23, FY22, and FY21, respectively. Any loss of these customers or a reduction in business from them could harm the company's financials and operations.
A major part of the company’s sales come from Maharashtra, Karnataka, Goa, Delhi, and some international markets. In FY24 and FY23, domestic sales constituted 87.53% and 82.04% of total sales, respectively, with the remainder from international markets. Any adverse developments in these key areas could negatively impact the company's revenue and operations.
Some of the contingent liabilities of Three M Paper Boards are not stated in its financial statements. As of March 31, 2024, these contingent liabilities amounted to Rs 5.86 crore. If these liabilities materialise, it could negatively impact the company’s financial health.
The company had total borrowings of Rs 72.64 crore as of March 31, 2024, and Rs 69.54 crore as of June 20, 2024. Any inability to service or repay these borrowings could impact the company's business.
The company operates from a single manufacturing facility in Ratnagiri, Maharashtra. Any operational disruptions at this facility could adversely affect its production capabilities and financial health.
Three M Paper Financials
*All values are in Rs. Cr
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Application Details of Three M Paper IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹67 - 69 | ₹2 - 5 Lakh |
| High Networth Individual | ₹67 - 69 | ₹2 - 5 Lakh |
For Three M Paper IPO, eligible investors can apply as Regular.