Three M Paper Boards Limited IPO GMP

Three M Paper Boards Limited (Formerly known as Three M Paper Boards Private Limited and Three M Paper Manufacturing Company Private Limited) is engaged in manufacturing a Coated Duplex Paper Board suitable for printing and packaging application.

Three M Paper IPO, a Book Built issue amounting to ₹39.82 crores, consisting entirely a Fresh Issue of 57.72 lakh Shares. The subscription period for the Three M Paper IPO opens on July 12, 2024, and closes on July 16, 2024. The allotment is expected to be finalized on or about Thursday, July 18, 2024, and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, July 22, 2024.

The Share price band of Three M Paper IPO is set at ₹67 to ₹69 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹138,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹276,000.

Comfort Securities Limited is the book-running lead manager, BIGSHARE SERVICES PVT LTD is the registrar for the Issue. Comfort Securities Limited is the sole market maker for the Three M Paper IPO.

Three M Paper Boards Limited IPO GMP Today
The Grey Market Premium of Three M Paper Boards Limited IPO is expected in the range of ₹35 to ₹37 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Three M Paper Boards Limited IPO Live Subscription Status Today
As of 04:13 PM on 15 July 2024, the Three M Paper Boards Limited IPO live subscription status shows that Three M Paper Boards Limited IPO subscribed 29 times on Day 2 itself. Category wise allotment status data shows that Qualified Institutional Buyers (QIBs), Non Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribed 0.01x, 25.05x and 53.31x. Check the Three M Paper Boards Limited IPO Live Subscription Status Today at BSE.

Three M Paper Boards Limited IPO Allotment Status
Three M Paper Boards IPO allotment date is 18 July, 2024, Thursday. Three M Paper Boards IPO Allotment will be out on 18th July 2024 and will be live on Registrar Website from the allotment date. Check Three M Paper Boards Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Three M Paper Boards Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Three M Paper Boards Limited IPO
Three M Paper Boards Issue Proceeds from the Fresh Issue will be utilized towards the following objects :
1. ₹1,400.00 Lakhs is required for Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler; 
2. ₹1,000.00 Lakhs is required for Funding working capital of their Company; and 
3. ₹700.00 Lakhs is required for Prepayment or repayment of all or a portion of outstanding borrowing availed by their Company; 
4. General corporate purposes

Refer to Three M Paper Boards Limited RHP for more details about the Company.