Primex News International

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Nitrro Bespoke Fitness Powai’s 6th Anniversary Was a Stellar Celebration of Strength & Style Spearheaded by Prabodh V. Davkhare

    July 5, 2025

    Unity for Growth: Leaders Unite for a Developed India Vision

    July 5, 2025

    Sarvajanik University Represents India at Prestigious 19th World Sanskrit Conference in Nepal

    July 5, 2025
    Facebook Twitter Instagram
    Primex News International
    • Home
    Facebook Twitter Instagram
    Primex News International
    Home»Business»Three M Paper Boards Ltd to commence its expansion plans post successful public issue of Rs. 39.83 crore 
    Business

    Three M Paper Boards Ltd to commence its expansion plans post successful public issue of Rs. 39.83 crore 

    By July 30, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email

    Mumbai (Maharashtra) [India], July 30:  Three M Paper Boards Ltd, a Mumbai based company engaged in the business of manufacturing Recycled Paper-based Coated Duplex Board products since over 3 decades to commence its expansion plans soon post its successful public issue of Rs. 39.83 crore.

    Company’s IPO subscribed over 171 times (excluding Anchor and market maker portion); Company’s shares listed on BSE SME Exchange at Rs. 76 per share – 10% premium to issue price of Rs. 69 per share

    Company plans to utilize Rs. 14 crores towards capital expenditure, including the purchase of a Plastic-Fired Low-Pressured Boiler, which will use waste plastic for power generation and significantly lower power costs. The funds will also support a factory building extension to increase storage capacity and the acquisition of a sheet cutter to enhance production speed. Rs. 10 crores will be allocated for working capital and Rs. 7 crores for term loan repayment, which will smoothen operations, improve cash flow management, and lower interest costs. The remaining funds will be used for general corporate purposes and issue expenses.

    Company raised Rs. 39.83 crore through its SME IPO from a fresh issue of 57,72,000 equity shares of Rs. 10 each at issue price of Rs. 69 per share. The public issue was oversubscription over 171 times (excluding Anchor and market maker portion), Retail investor segment was subscribed 175 times while Non Institutional investor segment subscribed 284 times. Shares of the company were listed on BSE SME Exchange on 22 July at Rs. 76 per share – 10% over the issue price of Rs. 69 per share.

    Established in 1989, Three M Paper Boards Ltdis one of the ISO-9001 certified companies engaged in the business of manufacturing recycled paper-based Duplex Board products ranging from 200 to 500 GSM used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies its high-quality duplex board paper products in both the domestic and international markets. The Coated Duplex Boards produced by the company are made from 100% recycled wastepaper and are fully biodegradable, making them an eco-friendly choice for packaging various FMCG and pharmaceutical goods.

    The company’s manufacturing facility in Chiplun, Maharashtra is spread over an area of more than 30 acres has an installed capacity of 72,000 tons per annum (TPA) along with 4 MW captive power plant and is equipped with state-of-the-art technology for manufacturing paper boards of the global quality standard suitable for high-quality print jobs in the packaging sectors across the globe. With a vast network of over 25 dealers nationwide and export operations in more than 15 countries, Three M Paper Boards maintains a broad market reach and a strong industry presence.

    For the financial year ended on March 31, 2024, Company reported revenue from operations at Rs. 272.23 crore, EBIDTA of Rs. 27.07 crore and net profit of Rs. 11.35 crore. The EBITDA was up by 25% as compared to 21.66 crores of previous financial year. The net profit was up by 170% as compared to 6.62 crores of previous financial year. The Company reported an increase in EBITDA Margin from 6.57% in previous year to 9.94% in current year. Also, the PAT margin increased from 2.01% in previous year to 4.11% in current year.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Nitrro Bespoke Fitness Powai’s 6th Anniversary Was a Stellar Celebration of Strength & Style Spearheaded by Prabodh V. Davkhare

    July 5, 2025

    This AI Startup Is Turning India’s Hiring Chaos into Quick Commerce

    July 5, 2025

    Synonym for Gearless Elevator Machine in India – Tectronics Techworld Pvt Ltd

    July 4, 2025

    Indian Potash Limited’s Dr. Parvinder Singh Gahlaut supports Krishi Vigyan Kendras

    July 4, 2025

    Fourfront Limited Files DRHP On BSE SME For IPO

    July 4, 2025

    HOAC FOODS INDIA LIMITED Raises ₹1,000.00 Lakhs in Qualified Institutional Placement (QIP)

    July 4, 2025

    Comments are closed.

    Top Reviews
    Editors Picks

    Nitrro Bespoke Fitness Powai’s 6th Anniversary Was a Stellar Celebration of Strength & Style Spearheaded by Prabodh V. Davkhare

    July 5, 2025

    Unity for Growth: Leaders Unite for a Developed India Vision

    July 5, 2025

    Sarvajanik University Represents India at Prestigious 19th World Sanskrit Conference in Nepal

    July 5, 2025

    Jacqueline Fernandez, Sanya Malhotra and Jackie Shroff back Shriyam Bhagnani’s Sumo Didi

    July 5, 2025
    About Us
    About Us
    Our Picks

    Nitrro Bespoke Fitness Powai’s 6th Anniversary Was a Stellar Celebration of Strength & Style Spearheaded by Prabodh V. Davkhare

    July 5, 2025

    Unity for Growth: Leaders Unite for a Developed India Vision

    July 5, 2025

    Sarvajanik University Represents India at Prestigious 19th World Sanskrit Conference in Nepal

    July 5, 2025
    Top Reviews
    © 2025 Primex News International. Designed by Primex Media Services.
    • Home

    Type above and press Enter to search. Press Esc to cancel.