The Three M Paper Boards IPO is a book-built issue with a total value of ₹39.83 crores. This offering consists entirely of fresh shares, totaling 57.72 lakh shares.
The IPO subscription window opens on July 12, 2024, and closes on July 16, 2024. The allotment process is expected to conclude on Thursday, July 18, 2024. Investors can anticipate the listing of Three M Paper Boards IPO on the BSE SME platform, with a tentative listing date set for Monday, July 22, 2024.
The price band for the IPO of Three M Paper Boards is ₹67 to ₹69 per share. Retail investors need to apply for a minimum lot size of 2000 shares, requiring an investment of at least ₹138,000. For High Net Worth Individuals (HNIs), the minimum investment size is 2 lots (4,000 shares), amounting to ₹276,000.
The Three M Paper Boards is associated with the paper and packaging sector. Comfort Securities Pvt Ltd serves as the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd acts as the registrar for the issue.
Three M Paper Boards IPO Details:
| Company Name | Prizor Viztech Limited |
| Sector | Technology |
| IPO Type | SME |
| IPO Open date | 12th July 2024 |
| IPO Close date | 16th July 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Three M Paper Boards IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,38,000 |
| HNI (Min) | 2 | 4000 | 2,76,000 |
Three M Paper Boards IPO Timeline:
| IPO Open Date | 12th July 2024 |
| IPO Close Date | 16th July 2024 |
| Basis of Allotment | 18th July 2024 |
| Refund Initiation Date | 19th July 2024 |
| Shares Credit to Demat | 19th July 2024 |
| Listing Date | 22nd July 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Prizor Viztech’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s security and surveillance solutions industry.
Valuation: Once the price band is announced, compare it to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Three M Paper Boards and be a part of its growth. We will update our verdict once the IPO application window opens
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
