31 Mar 2021
Assets142.26
Total Income165.52
Profit After Tax1.73
NET Worth37.37
Reserves and Surplus30.82
Total Borrowing53.53
At a glance
Updated 2026-09-13The shares listed at ₹76.00, a 10.14% move from the issue price. Three M Paper Boards is a SME IPO with an issue size of ₹39.83 crore, proposed for listing on BSE SME. The offer opens on 12th Jul 2024 and closes on 16th Jul 2024. The issue structure includes a fresh issue of ₹37.83 crore. The current listing schedule points to 22nd Jul 2024.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹39.83 Cr
Fresh issue₹37.83 Cr
Face value₹10
Price band₹67.00–₹69.00
Allotment18th Jul 2024
Listing22nd Jul 2024
Listing performance
Full performance ↗Issue price₹69.00
Listing price₹76.00
Current price—
Listing gain10.14%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹30.00
GMP / upper price43.48%
Est. listing₹99.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens12th Jul 2024
Closes16th Jul 2024
Allotment18th Jul 2024
Refund19th Jul 2024
Demat19th Jul 2024
Listing22nd Jul 2024
Subscription demand
Full bidding ↗Total171.33×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹138,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler; | ₹14.00 Cr |
| Funding working capital requirements of the Company; and | ₹10.00 Cr |
| Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company; | ₹7.00 Cr |
| General corporate purposes | ₹1.39 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue276.02₹ Cr · -16.3% vs prior year
PAT11.35₹ Cr · +71.5% vs prior year
Assets195.20₹ Cr · +3.0% vs prior year
Net Worth61.10₹ Cr · +29.3% vs prior year
Borrowing72.64₹ Cr · -11.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets181.50
Total Income316.00
Profit After Tax3.28
NET Worth40.64
Reserves and Surplus34.09
Total Borrowing78.02
31 Mar 2023
Assets189.43
Total Income329.75
Profit After Tax6.62
NET Worth47.26
Reserves and Surplus40.71
Total Borrowing81.82
31 Mar 2024
Assets195.20
Total Income276.02
Profit After Tax11.35
NET Worth61.10
Reserves and Surplus47.64
Total Borrowing72.64
KPIs
| KPI | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler; | 14 |
| 2 | Funding working capital requirements of the Company; and | 10 |
| 3 | Prepayment or repayment of all or a portion of outstanding borrowing availed by the Company; | 7 |
| 4 | General corporate purposes | 1.39 |
Valuation & shareholding
Pre-IPO EPS8.43
Post-IPO EPS5.90
Pre-IPO P/E8.19
Post-IPO P/E11.7
Promoter holding pre100%
Promoter holding post70%
Market cap₹132.74 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Three M Paper Boards IPO | — | 11.70 x | — | — |
| Dhaval Packaging IPO | — | 17.08 x | — | — |
| Utkal Speciality IPO | — | 17.63 x | — | — |
| RFBL Flexi IPO | — | 15.19 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| BRLM fees (including underwriting, brokerage and selling commission) | ₹4.68 Cr |
| Commission / processing fee for SCSBs, Sponsor Bank and Bankers to the Issue, Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. | ₹0.50 Cr |
| Fees payable to Registrar to the Issue | ₹0.06 Cr |
| Fees payable to auditors, market research firms and other consultants / professionals | ₹0.09 Cr |
| Others - Listing fees, SEBI Fees, upload fees, NSE and BSE processing fees, book building software fees and other regulatory expenses | ₹0.11 Cr |
| Others - Printing and Stationery | ₹0.02 Cr |
| Others - Advertising and Marketing expenses | ₹1.26 Cr |
| Others - Fees payable to Legal Advisors to the Issue | — |
| Others - Miscellaneous | — |
| Total | ₹6.71 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Comfort Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
IPO UPDATE ALERTS
Register for IPO Updates →Track Three M Paper Boards without missing an update
Register for subscription, GMP, allotment and listing notifications.