New Delhi: Three M Paper Boards’ IPO worth Rs 39.83 crore is an SME IPO with 5,772,000 shares on offer for sale. Price at Rs 67-69 per share Three M Paper Boards IPO opened on Friday, July 12, 2024, and will close on Tuesday, July 16, 2024. Three M Paper Boards’ IPO was subscribed 12.98X on its opening date.
Three M Paper Boards IPO GMP
Three Paper Boards IPO GMP stood at Rs 106 apiece, according to Investorgain.com, indicating a premium of 54 per cent over the upper IPO price band. GMP or grey market premium is the extra money that investors are willing to pay to acquire a company’s shares. The GMP indicates the listing price of an IPO-bound company’s stock.
The minimum lot size for Three M Paper Bpards IPO is 2,000 shares priced at Rs 1,38,000. The company raised Rs 11.33 crore from anchor investors on July 11, 2024.
Three M Paper Boards IPO key dates
Three M Paper Boards IPO opened on July 12, 2024, and is set to close on July 116, 2024.
Three M Paper Boards IPO allotment date is July 19, 2024.
Refunds will be initiated on July 19, 2024.
Shares will be credited to demat accounts on July 19, 2024.
Three M Paper Boards IPO listing date is July 22, 2024.
All about Three M Paper Boards
Three M Paper Boards was established in 1989 to manufacture high-quality recycled paper-based Duplex Boards. These are used in the packaging industry for items such as:
Food and beverages
Pharmaceuticals
Cosmetics
Consumer goods
Three M Paper Boards manufactures for both domestic as well as international markets. The Ratnagiri, Maharashtra-based company has an annual output capacity of 72,000 TPA paper as of FY23. It distributes products to 25 dealers across India. Three M Paper Boarda also ships products to 15 countries abroad in the following regions:
Asia Pacific
Middle East
Mediterranean
Africa
Three M Paper Boards reported a profit after tax of Rs 1,134.72 crore, up over 71 per cent from Rs 661.53 crore a year ago. However, the company’s revenues were down 16.3 per cent to Rs 27,601.56 crore from Rs 32,974.92 crore a year ago. Three M Paper Boards IPO plans to use the IPO proceeds to meet:
Capital expenditure requirements for new machinery and modernisation of processes
Funding needs for long-term working capital
Prepayment or repayment of outstanding loans
Requirements related to general corporate purposes
Three M Paper Boards IPO GMP: The Rs 39.83 crore IPO with 5,772,000 shares being sold in an offer for sale will close on July 16, 2024. Know key dates and more. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
