Three M Paper Boards SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Three M Paper Boards IPO. Explore Three M Paper Boards IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Three M Paper Boards Limited (formerly known as Three M Paper Boards Private Limited and Three-M-Paper Manufacturing Company Private Limited) was established in July 1989 by Mr. Hitendra Dhanji Shah. The company specializes in manufacturing recycled paper-based Duplex Board products for various packaging applications in industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. Headquartered in Mumbai with a manufacturing facility in Chiplun, Maharashtra, the company boasts a production capacity of 72,000 metric tons per annum.
Key Points:
- Product and Market Focus:
- Manufactures recycled paper-based Duplex Board products.
- Serves industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods.
- Supplies products domestically and internationally.
- Manufacturing and Technology:
- Located in Chiplun, Maharashtra, on 20 acres of leasehold land.
- Annual manufacturing capacity of 72,000 metric tons.
- Positive impact from changes in Chinese raw material import policies.
- Expected double-digit growth in the Indian paper industry over the next five years.
- Strategic Initiatives:
- Fast-tracking expansion with a new 400 TPD Duplex Machine.
- Project cost estimated at INR 400 Crore, funded by debt, internal accruals, and equity participation.
Objects of the Issue
- Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler
- Funding working capital requirements of the Company
- Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 12 Jul - 16 Jul 2024 |
| IPO Price Band | ₹ 67 - 69 per share |
| Fresh Issue | 57,72,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 39.83 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 12 Jul 2024 |
| IPO Closing Date | 16 Jul 2024 |
| Basis Of Allotment | 18 Jul 2024 |
| Refunds | 19 Jul 2024 |
| Demat Transfer | 19 Jul 2024 |
| IPO Listing Date | 22 Jul 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 165.52 | 316.00 | 329.75 | 276.02 |
| Total Expenses | 163.18 | 311.41 | 323.77 | 263.03 |
| Net Profit/Loss | 1.73 | 3.28 | 6.62 | 11.35 |
| NPM (*) | 1.04 | 1.04 | 2.01 | 4.11 |
| Total Assets | 142.26 | 181.50 | 189.43 | 195.20 |
| Total Liabilities | 104.89 | 140.86 | 142.17 | 134.09 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2022 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 1.32 | 2.50 | 5.05 | 8.60 |
| ROE (%) | 4.62 | 8.06 | 14.00 | 18.57 |
| ROCE (%) | 12.13 | 12.93 | 15.44 | 19.71 |
| D/E Ratio | 1.43 | 1.92 | 1.73 | 1.19 |
| Current Ratio | 0.99 | 1.21 | 1.22 | 1.26 |
| EBITDA MARGIN (%) | 8.79 | 5.55 | 6.57 | 9.94 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Three M Paper Boards Limited | 272.23 | 8.02 | 8.60 | 18.57 | 45.38 |
| N R Agarwal Industries Ltd | 1,293.13 | 6.84 | 73.72 | 16.50 | 446.73 |
| Kuantum Papers Ltd | 1,211.30 | 7.64 | 21.07 | 12.07 | 128.79 |
| Shree Ajit Pulp and Paper Ltd | 294.51 | 15.86 | 14.18 | 3.51 | 302.68 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 79.37 |
| Non-Institutional Investor (NII/HNI) | 284.67 |
| Retail Individual Investor (RII) | 175.19 |
| Total | 171.33 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. HITENDRA DHANJI SHAH
- MRS. PRAFULLA HITENDRA SHAH
- MR. RUSHABH HITENDRA SHAH
Lead Managers
- Comfort Securities Limited
Company Address
Three M Paper Boards LIMITED
A33 & 34, Floor -2, Royal Industrial Estate, 5-B Naigaon Cross Road, Wadala, Mumbai, Maharashtra, India, 400031
Phone: +91 22 6812 5757
Email: compliance@threempaper.com
Website: www.threempaper.com
FAQs
- What is the issue size of the Three M Paper Boards SME IPO?The Three M Paper Boards SME IPO has an issue size of Approx ₹ 39.83 crore. This includes a fresh issue of 57,72,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Three M Paper Boards IPO?The price band for the Three M Paper Boards IPO is ₹ 67 - 69 per share.
- What are the bidding dates for the Three M Paper Boards IPO?The Three M Paper Boards IPO will open for bidding on 12 Jul 2024 and close on 16 Jul 2024.
- What is the allotment date for the Three M Paper Boards IPO?The allotment date for the Three M Paper Boards IPO is 18 Jul 2024.
- What is the listing date for the Three M Paper Boards IPO?The listing date for the Three M Paper Boards IPO is 22 Jul 2024.
- What is the Three M Paper Boards IPO grey market premium?The grey market premium (GMP) for the Three M Paper Boards IPO is currently at ₹30, with an expected listing gain of approximately 43.48%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.