3B Films share price: Stock lists at 3% discount on BSE SME; here's how much investors lost per lot

The stock debuted at ₹48.5 apiece, a discount of 3% or ₹1.5 against the issue price of ₹50.

At 11:30 am, the scrip fell 5% to ₹46.08, its lower circuit limit, on the BSE. The company's market capitalisation stands at ₹114.15 crore.

3B Films share price: Here's how much investors lost per lot

Retail individual investors (RIIs) placed bids for 2.75 times the quota reserved for them, while the non-institutional investors' part was subscribed 0.85%.

The ₹33.75 crore initial share sale was a fresh issuance of 35.52 lakh shares as well as an offer for sale worth ₹15.99 crore by promoters Gulabben Nitin Babariya, Mukesh Dhanjibhai Babariya, and Ashokbhai Dhanjibhai Babariya.

It was fixed price issue at ₹50 per share.

The money generated will be utilised for working capital needs, capital expenditure requirements, and general corporate purposes.

Established in 2014, Gujarat-based 3B Films Limited makes Cast Polyethylene (CPE) and Cast Polypropylene (CPP) films for packaging and thermoforming applications.

Its products include transparent, white opaque, easy-peel, retort, metallised, anti-fog, and EVOH films. The firm leads in speciality films and provides innovative packaging solutions worldwide in countries like Dubai, Sri Lanka, Nepal and several African nations.

The company reported a 4.91% rise in its revenue from operations to ₹76.4 crore in the financial year 2023-24 as against ₹72.82 crore a year back.

The net profit climbed 366.3% to ₹4.29 crore in FY24, compared to ₹0.92 crore in FY23.

Nirbhay Capital Services Private Ltd was the issue's book-running lead manager, while Maashitla Securities was the registrar.