Three M Paper Boards Ltd

Three M Paper IPO

Three M Paper Boards Ltd

₹1,34,000 /2000 sharesMinimum investment

IPO details

Minimum investment
₹1,34,000
Price range
₹67 - ₹69
Lot size
2,000
Issue size
39.83 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

12 Jul 2024
IPO open date
16 Jul 2024
IPO close date
18 Jul 2024
Allotment date
18 Jul 2024
Funds unblock or debit
22 Jul 2024
Tentative listing date

About

Three M Paper Boards is involved in the production of recycled paper-based duplex board products, which are extensively used in packaging by various industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods. It sells these paper products in both the domestic and international markets. Headquartered in Mumbai, its primary manufacturing operations are situated in Chiplun, district Ratnagiri, Maharashtra. As of March 2024, the company had a total manufacturing capacity of 72,000 tonnes per annum (TPA) of paper. ;
Founded in
1989
Parent organisation
Three M Paper Boards Ltd

Three M Paper Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
313327272202220232024

Strengths & Risks

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.

Application details

For Three M Paper IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹67 - ₹69₹2 - ₹5 Lakhs2000
High Networth Individual₹67 - ₹69₹2 - ₹5 Lakhs2000

Frequently Asked Questions