3B Films IPO: Day One Subscription Status, Offer Size, GMP And Other Key Details
3B Films IPO is a fixed price issue aimed at raising Rs 33.75 crore from the primary market.
3B Films Ltd. launched its initial public offering (IPO) on Friday to raise nearly Rs 34 crore from the primary market. The company supplies films used for packaging. Investors who want to bid for shares in the IPO can check the following details before deciding to invest.
3B Films IPO: Key Details
The 3B Films IPO is a fixed price issue worth Rs 33.75 crore. It comprises a fresh issue of 35.52 lakh shares, worth Rs 17.76 crore, and an offer-for-sale (OFS) of 31.98 lakh shares, amounting to Rs 15.99 crore.
The IPO price has been fixed at Rs 50 per share.
Retail investors can invest in the IPO by bidding for at least a single lot size of 3,000 shares, aggregating to a minimum investment of Rs 1,50,000. High Net-Worth Individuals (HNIs) need to bid for at least to lots, or 6,000 shares. The minimum bid amount for HNIs is Rs 3,00,000.
3B Films IPO subscription will close on June 3. The IPO allotment is scheduled to be finalised on June 4. Shares will be allocated to the Demat accounts of successful bidders on June 5. Refunds for non-allottees will also be initiated on the same day.
Shares of 3B Films are scheduled to be listed on the BSE SME platform on June 6.
The company has reserved 50% of the net issue for retail investors. The remaining 50% has been set aside for other categories.
Nirbhay Capital Services Pvt. is the book-running lead manager of the 3B Films IPO. Maashitla Securities Pvt. is the registrar for the issue.
3B Films IPO Subscription Status: Day 1
3B Films IPO has been subscribed 0.79 times as of 4:14 p.m. on Friday.
Non-Institutional Investors: 0.76 times
Retail Investors: 0.82 times
*The subscription status will be updated at regular intervals
3B Films IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the 3B Films IPO stood at Rs 3 as of 2:53 p.m. on May 30. It indicates an estimated listing price is Rs 53, reflecting a listing gain of 6% compared to the IPO price of Rs 50 per share.
Note: GMP does not represent official data and is based on speculation.
3B Films Business And Financials
The company manufactures films that are used for packaging and thermoforming. It has a manufacturing unit near Vadodara, Gujarat.
Use Of Proceeds
The company will use proceeds from the IPO to fund capital expenditure, working capital requirements and general corporate purposes.
Financials
The company’s profit after tax (PAT) rose multifold to Rs 4.29 crore in FY24 from Rs 91.76 lakh in FY23. Revenue from operations increased 5.5% YoY to Rs 75.75 crore in FY24 from Rs 71.8 crore in FY23.
For the nine-month period ending Dec. 31, 2024, in FY25, PAT stood at Rs 4.2 crore on a revenue of Rs 57.18 crore.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
