Three M Paper Boards IPO GMP Today, Price Range and Company Details

Three M Paper Boards IPO offers shares at ₹67 to ₹69, with a ₹30 Grey Market Premium. Available in 2000 share lots, the subscription runs from July 12 to July 16, 2024.
Three M Paper Boards IPO GMP Today, Price Range and Company Details

As of July 11, 2024, Three M Paper Boards IPO has ₹30 as Grey Market Premium, with a price range of ₹67 to ₹69 per share. Offering lots of 2000 shares, the subscription window is open from July 12 to July 16, 2024.

Three M Paper Boards Limited IPO GMP Today

The Grey Market Premium (GMP) for Three M Paper Boards is ₹30 as of July 11, 2024. This assessment coincides with a price of ₹67 to ₹69 per share for the IPO.

Three M Paper Boards Limited IPO Review

Three M Paper Boards Limited has experienced mixed financial results, with revenues climbing from ₹31,290.04 lakhs in March 2022 to ₹32,725.21 lakhs in March 2023, though dipping to ₹27,223.48 lakhs by March 2024. Equity growth and reduced debt usage signal expansion and less dependence on borrowed funds.

Profitability saw a marked improvement with PAT increasing from ₹327.56 lakhs in March 2022 to ₹1,134.72 lakhs by March 2024, alongside growth in EPS from ₹2.50 to ₹8.60. However, a drop in the Inventory Turnover Ratio raises concerns over potential sales slowdowns or inventory management inefficiencies.

To get a full IPO review, click here Three M Paper Boards IPO

Three M Paper Boards Limited IPO Date

Three M Paper Boards Limited will start accepting subscriptions from July 12, 2024, to July 16, 2024.

Three M Paper Boards Limited IPO Price

Three M Paper Boards Limited’s price range is ₹67 to ₹69 per share with a face value of ₹10 each.

Three M Paper Boards Limited

Three M Paper Boards Limited, based in Chiplun, Maharashtra, specializes in producing biodegradable, recycled Duplex Board products. Boasting a capacity of 72,000 TPA, the firm targets growth in the booming e-commerce, literacy, and FMCG sectors. Positive impacts are anticipated from policy shifts in Chinese raw material imports, supporting the company’s strategy to remain a cost-efficient leader through technological innovation.

How To Apply For Three M Paper Boards Ltd IPO?

To apply for the Three M Paper Boards through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Three M Paper Boards on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Three M Paper Boards IPO at Alice Blue in just a few clicks!

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