Market News
3 min read | Updated on July 18, 2024, 11:47 IST
SUMMARY
Three M Paper Boards IPO was launched on July 12. The book-built public issue was valued at ₹39.83 crore. The BSE SME issue saw strong demand in its three-day subscription window. The share allotment status of the BSE SME issue is likely to be finalised on Thursday, July 18.
Three M Paper Boards IPO allotment today, check status on Bigshare
Three M Paper Boards IPO saw decent demand on Tuesday, July 16, the final day of subscription. The issue was subscribed over 159 times on the final day of bidding. After the successful subscription, the applicants are now awaiting the share allotment status.
Three M Paper Boards IPO share allotment status is likely to be finalised on Thursday, July 18.
The BSE SME IPO was booked 210 times in the Non-Institutional Investors’ (NIIs) category and the retail portion was subscribed 175 times. The Qualified Institutional Buyers’ (QIBs) segment was booked over 79 times.
Shares of Three M Paper Boards IPO will list on the BSE SME platform. The tentative listing date for the public issue is Monday, July 22.
Ahead of the issue's listing, the investors who participated in the subscription can check the IPO share allotment status online. The investors can check share allocation details through the BSE and registrar websites, Bigshare Services Pvt Ltd.
Three M Paper Boards IPO price band was fixed at ₹67 to ₹69. The book-built public issue was valued at ₹39.83 crore. The BSE SME issue consisted of an entirely fresh issuance of 57.72 lakh shares. The public offer was open for subscription from July 12 to July 16.
Three M Paper Boards was founded in July 1989. The company manufactures recycled paper-based Duplex Board products, which are used for packaging applications across multiple industries. The Maharashtra-based company has a manufacturing facility with a total capacity of 72,000 TPA.
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