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Three M Paper Boards Ltd: A Detailed Look at Their SME IPO

Three M Paper Boards Ltd: A Detailed Look at Their SME IPO

Three M Paper Boards Ltd: A Detailed Look at Their SME IPO

Three M Paper Boards Ltd, headquartered in Mumbai, has been a stalwart in the manufacturing of Recycled Paper-based Coated Duplex Board products for over three decades. Established in 1989, the ISO-9001 certified company has carved a niche in producing high-quality duplex board paper products used extensively in packaging across various industries.

SME IPO Overview

Three M Paper Boards Ltd is set to raise up to Rs 39.83 crores through its SME IPO, scheduled to open for subscription from July 12 to July 16. The company plans to list its shares on the SME platform of BSE Ltd (BSE SME).

Key Details of the IPO

Issue Details

Book Running Lead Manager

Comfort Securities Limited has been appointed as the Book Running Lead Manager for the IPO, overseeing the entire offering process.

Utilization of Funds

Capital Expenditure

Working Capital and Debt Repayment

General Corporate Purposes

The remaining funds will be utilized for general corporate purposes and to cover issue expenses.

Market and Industry Insights

Market Potential

Company’s Market Position

Financial Performance

FY 2024 Performance

Conclusion

Three M Paper Boards Ltd’s SME IPO marks a significant step towards enhancing its production capabilities and market reach. With a clear focus on sustainable growth and leveraging advanced technology, the company is poised to capitalize on the burgeoning paper and packaging industry in India.

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