Three M Paper Boards Limited

About Three M Paper Boards Limited  Founded in 1989, Three M Paper Boards is a premier manufacturer of recycled paper-based Duplex Board products. These products are integral to various packaging applications across industries, including food and beverage, pharmaceuticals, cosmetics, and consumer goods. The company proudly supplies its high-quality duplex board paper products to both domestic and international markets.  Three M Paper Boards produces its products using 100% recycled waste paper, ensuring they are completely biodegradable. The company's dedication to environmental responsibility is reflected in its continuous innovation in product development and manufacturing processes.  They operate a cutting-edge manufacturing facility located in Chiplun, Dist. Ratnagiri, Maharashtra, India. This facility is equipped with state-of-the-art machines and ultra-modern technologies, boasting a total manufacturing capacity of 72,000 TPA paper. The company's product line includes the well-established Royal brand Paper and Boards, ranging from 200 to 500 GSM. Continuous technology upgrades and a focus on fast-growing market segments ensure the company stays ahead of industry trends.  Three M Paper Boards' swing manufacturing facility enables the production of a diverse range of products, meeting varying market demands. The company's commitment to quality and sustainability is recognized by its FSC® certification from the Forest Stewardship Council®, Germany. This certification acknowledges the company's efforts in farm forestry measures under forest conservation.  Three M Paper Boards' performance is driven by a strategic focus on being a low-cost paper-based Duplex Board manufacturer, continuously integrating new technologies and processes. The company's success is bolstered by a team of qualified personnel across technical, administrative, financial, and marketing areas. The experienced and dedicated management team has demonstrated the ability to anticipate and capitalize on changing market trends, formulate and execute effective business strategies, and strengthen customer relationships.  Three M Paper Boards' dedication to sustainability, innovation, and quality positions it as a leader in the recycled paper-based Duplex Board industry, consistently meeting the evolving needs of its diverse clientele.  As Three M Paper Boards prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives:   Capital expenditure for installation of new machinery, modernisation of certain processes under existing manufacturing facility and installation of plastic fired low pressure boiler.  Funding working capital requirements of our company.  Prepayment or repayment of all or a portion of outstanding borrowing availed by our company  General corporate purposes