Three M Paper Boards IPO

Three M Paper Boards Ltd launches IPO with 57,72,000 shares worth INR 39.83 crores to modernize machinery, fund working capital, repay borrowings & support corporate needs.

Important Details

Open Date : July 12, 2024 Close Date : July 16, 2024 Allotment Date: July 18, 2024 Listing Date: July 22, 2024

Important Details

IPO Price: INR 67-69 per share Lot Size: 2000 Shares Total Issue Size: INR 39.83 crores

Fundamental Analysis

Three M Paper Boards IPO analysis shows mixed performance: 1. Increased revenue. 2. Improved equity & profitability. 3. Higher EPS and RoNW. 4. Growth in total assets. 5. Decreased Inventory Turnover Ratio.

Peer Comparison

1. Three M Paper Boards Limited: Strong growth and profitability metrics. 2. N R Agarwal Industries Ltd & Kuantum Papers Ltd: Higher market capitalizations. 3. Shree Ajit Pulp and Paper Ltd: Impressive EPS and financial ratios


The main objective of Three M Paper Boards Limited is to: 1. Install new machinery and modernize processes. 2. Install a plastic-fired low-pressure boiler. 3. Fund working capital needs. 4. Repay or prepay outstanding borrowings.

Risks And Challenges

Three M Paper Boards IPO risks: 1. Potential penalties for past statutory delays. 2. Geographic sales concentration risks in Maharashtra, Karnataka, Goa, and Delhi affecting expansion into new markets.