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Table of Contents

What is the business of Three M Paper Boards?

The Company has been engaged in the pulp and paper business for over 30 years. Its promoters possess extensive expertise in operations, marketing, management, and administration, along with a profound understanding of the paper sector. All pulp and paper production are conducted in-house without any outsourcing, ensuring quality and consistency.
The Company’s 4 MW captive power plant significantly reduces their electricity costs compared to sourcing power from external power distribution companies. This in-house capability ensures more stable and lower-cost energy supply for its operations.
Following its planned capital expenditure program, it will convert operational waste into electricity. This initiative will lower its coal costs and waste disposal expenses, contributing to overall cost efficiency.
• Utilization of imported coal with stable supply instead of local coal with fluctuating supply – By
sourcing low-cost coal from international markets, the company protects itself from the volatility of
domestic coal supply. This stable supply ensures uninterrupted production and cost predictability.
• Established network of dealers and customers – The Company’s extensive pan-India dealer network,
comprising of approximately 25 dealers, enables them to effectively service markets nationwide,
ensuring wide distribution and customer reach.

Get more information about the company @ www.threempaper.com

Who is the Promoter of Three M Paper Boards IPO?

The PROMOTERS OF the COMPANY are MR. HITENDRA DHANJI SHAH, MRS. PRAFULLA HITENDRA SHAH & MR. RUSHABH HITENDRA SHAH

What are the Objects of Three M Paper Boards IPO?

The Offer comprises of only fresh issue of shares.

The objectives of the Offer are to:

1. Capital expenditure for installation of new machinery, modernisation of certain processes under
existing manufacturing facility and installation of plastic fired low pressure boiler
2. Funding working capital requirements of the Company
3. Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company

Three M Paper Boards IPO Review

The Company has been engaged in the pulp and paper business for over 30 years. Its promoters possess extensive expertise in operations, marketing, management, and administration, along with a profound understanding of the paper sector. All pulp and paper production are conducted in-house without any outsourcing, ensuring quality and consistency.
The Company’s 4 MW captive power plant significantly reduces their electricity costs compared to sourcing power from external power distribution companies.

.Size:  Net size of the IPO is Rs. 37.85 crore, which is not so large, compared to other SME IPOs. The retail portion is Rs. 13.25 Crore and NII portion is Rs.5.68 Crore. 
Financial Snapshot: The company has more or less stable topline during last 3 years, however the net profit margin and net profits have shown sharp rise to Rs. 11.35 crore from Rs. 3.28 crore during 2021-22. The EBITDA margin has also moved up to 9.94% from 5.55%, during 2021-22.  We are not sure whether, the company can maintain EBITDA margin and profits at such high level in the coming years, since the paper industry is cyclical in nature and small paper units face tough competition from big brothers.  Due to sharp increase in the profits, during 2023-24, the valuation seems to be reasonable. Under normal circumstances, paper industry shares donot provide much significant returns.
+ from fundamental angle: So-so
+ from grey market angle: 

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Three M Paper Boards IPO grey market premium today

Three M Paper Boards IPO GMP

Three M Paper Boards IPO FAQs

What is Three M Paper Boards IPO?

This is a SME IPO of 5485000 equity shares of the face value of Rs. 10 aggregating up to Rs.37.85 Crores. The issue is priced at Rs.67-69 per share. The minimum order quantity is 200 Shares.

When will Three M Paper Boards IPO subscription open?

The IPO opens on July 12, 2024, and closes on July 16, 2024.

What is the lot size of Sahaj Solar IPO?

The IPO lot size is 2000 Shares, and the minimum amount required is Rs.138000

How to apply for Three M Paper Boards IPO?

You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Three M Paper Boards IPO allotment?

The finalization of Basis of Allotment for this IPO will be done on 18 July, 2024, and the allotted shares will be credited to your demat account by July 19, 2024.

When is Three M Paper Boards IPO listing date?
This IPO listing date is July 22, 2024.

Three M Paper Boards IPO review, subscription status, allotment & listing estimate