Three M Paper’s stock debuted on the BSE SME, opening at ₹76—a 10.14% premium. The company’s IPO, priced between ₹67 and ₹69 per share, was enthusiastically received, being oversubscribed 171.33 times, showing strong investor interest in its market entry.
Three M Paper Boards IPO opened on July 12 and closed on July 16, priced between ₹67 to ₹69 per share. The minimum bid was for 2,000 shares, and by the final day, the IPO was subscribed a remarkable 171.33 times.
The company specialises in producing high-quality duplex board paper products for domestic and international markets. Their offerings, made from 100% recycled paper, cater to packaging needs across consumer goods, pharmaceuticals, food and beverage, and cosmetics sectors. Committed to sustainability, their products are fully biodegradable. The firm continuously seeks advancements in production and product development to enhance its offerings.
Three M Paper Boards Limited aims to modernise machinery, install a new boiler, manage working capital, and repay debts. Funds will also support business growth and general corporate needs.