3B Films IPO Day 2: Check Subscription Status, GMP Today
Last Updated:
3B Films Ltd's IPO was subscribed 1.20 times by Day 2, with retail at 1.66 times. The IPO price is Rs 50, and shares trade at Rs 53 in the grey market. It closes on June 3.
3B Films IPO Day 2: The initial public offering of 3B Films Ltd, which was opened for public subscription on Friday, May 30, has received a muted response till Day 2 so far. Till 1:29 pm on the second day of bidding on Monday, the Rs 33.75-crore BSE IPO received a 1.20 times subscription, garnering bids for 76,71,000 shares as against 64,08,001 shares on offer.
The retail and NII participation stood at 1.66 times and 0.73 times, respectively.
Gujarat-based 3B Films manufactures and supplies cast polypropylene (CPP) and cast polyethylene (CPE) films.
The three-day IPO will be closed on Tuesday, June 3. It received a 0.86 times subscription on the first day of bidding on Friday.
3B Films IPO Price
The price has been fixed in the range of Rs 50 apiece.
3B Films IPO GMP Today
According to market observers, unlisted shares of 3B Films Ltd are currently trading at Rs 53 apiece in the grey market, which is a 6% premium or GMP over the IPO price of Rs 50. It indicates listing gains for investors on June 6, the tentative listing date.
The shares will be listed on the BSE's SME platform.
The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
The minimum lot size for an application is 3,000. The minimum amount of investment required by retail investors is Rs 1,50,000. The bidding can be done in multiple of 3,000.
3B Films IPO: More Details
The company is planning to raise Rs 33.75 crore through a fresh issue of 3.54 million equity shares and an offer-for-sale (OFS) of 3.19 million shares.
The SME IPO will close for subscription on Tuesday, June 3, 2025.
The basis of the allotment of shares is expected to be finalised on Wednesday, June 4, 2025.
Maashitla Securities is the registrar of the issue. Nirbhay Capital Services is the sole book-running lead manager for the issue.
According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use Rs 4.43 crore for capital expenditure, Rs 7.15 crore for working capital requirements and Rs 4.43 crore for general corporate purposes.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
24 minutes ago
- India.com
Bollywood's richest family has no superstars, still richer than Bachchans, Kapoors, Khans, Chopras, once sold fruits, now worth Rs..., they are..
Bollywood's richest family has no superstars, still richer than Bachchans, Kapoors, Khans, Chopras, once sold fruits, now worth Rs..., they are.. From Kapoors to Chopras, the Hindi cinema has seen few prominent wealthy families that have ruled the Indian cinema, and are responsible for launching stars and producing blockbuster films. Yet, none of them are as rich as this family, who once started as fruit vendors, now amass extravagant wealth without backing of any big superstar. It is none other than the Kumars, owners of T-Series, the family who has surpassed net worth of Khans, Bachchans and Chopras, according to the Hurun Rich List. The latest edition of Indian list from Hurun released last year, and revealed Bhushan Kumar's family, the richest in Bollywood, with net worth at $1.2 billion (over ₹10,000 crore). The tag, which was once claimed by the Kapoors, having net worth of Rs 2000 crore, is now ultimately shifted to the Kumars. The second on the place after Kumars is Yash Chopra's family, with combined reported net worth of Rs 8000 crore. Shah Rukh Khan, Bollywood's wealthiest actor, his familial net worth is Rs 7800 crore, according to Forbes. Well, The Kumars journey to success started with humble earnings. Just one generation ago, Gulshan Kumar, father of Bhushan Kumar, was a fruit vendor in Delhi. His career transformed in the 1970s when he began business of selling music cassettes. From there, the family launched their own record label, Super Cassettes, which later developed into T-Series. Currently, Bhushan Kumar leads the family business, as the chairman and managing director of T-Series. Supported, by his uncle Krishan Kumar, who manages the company's operations, he has two sisters- Tulsi and Khushali Kumar, who are involved in the entertainment sectors. While Tulsi is a well-known playback singer, Khushali is an actress. His wife, Divya Khosla Kumar, producer and director, also holds shares in the company. The Kumars draw a bulk of income from T-Series, one of India's biggest music labels and production companies. According to Industry insiders, Bhushan Kumar hold 80% of family's collective net worth. Meanwhile, his sisters Tulsi and Khushali Kumar reportedly own Rs 250 crore and Rs 100 crore net worth. Well, T-Series also has several other subsidiaries and an acting school in Noida.
Hindustan Times
25 minutes ago
- Hindustan Times
13 booked for ₹71.5 lakh loan fraud using fake IDs in Gurugram
At least 13 suspects have been booked for allegedly defrauding a private sector bank of ₹71.5 lakh by availing personal loans using forged documents and diverting the funds to Mumbai, police said on Tuesday. According to investigators, the loans were issued between May 2022 and February 2024 from a Sector 14 branch of a reputed private bank. The fraud came to light in February this year after the bank initiated an internal inquiry when several borrowers stopped paying their monthly instalments. A senior police officer said the so-called customers were later found to be non-existent, having used fake documents to pose as employees of well-known automobile and spare parts manufacturing firms in Gurugram. All had submitted forged salary slips, bank statements, and employment records, allegedly showing 4–8 years of service. 'These 13 'ghost' customers had submitted six common residential addresses. However, during verification, none of them were found to reside there,' the officer said. 'There is a strong possibility that either some bank officials have connived with the suspect to clear the loans or they didn't carry out any physical verification of the addresses and loans were disbursed only on the basis of documents to meet target pressures,' he added. Police further revealed that loan proceeds from 10 customers were transferred to a Mumbai-based logistics firm, while the remaining three transferred funds directly into the firm owner's account immediately after loan disbursal. Sandeep Kumar, public relations officer of Gurugram police, said the Economic Offences Wing (EOW) is investigating. 'They will arrest the suspects soon on the basis of the evidence,' he added. Based on a complaint filed on March 3 by the bank's regional officer, an FIR was registered Monday at Sector 14 police station under IPC sections 120B, 420, 467, 468, and 471. .
Hans India
25 minutes ago
- Hans India
Sheep prices see sharp spike ahead of Bakrid
Hyderabad: Ahead of the upcoming Bakrid (Eid-ul-Adha) festival, Hyderabad is witnessing an unprecedented surge in livestock prices, with sheep fetching significantly higher rates than previous years. Traders attribute this sharp increase to a confluence of factors, including adverse weather conditions across various districts and states, alongside stricter regulations governing animal transport. A pair of sheep is currently being sold between Rs 26,000 and Rs 32,000 in city markets, representing an increase of nearly Rs 8,000 compared to last year's prices. For instance, a medium-sized pair that commanded between Rs 20,000 and Rs 25,000 in temporary markets like Balapur and Mehdipatnam last year is now priced at around Rs 30,000. Cattle, meanwhile, are retailing from Rs 50,000 to as much as Rs 2 lakh each. This escalating cost is forcing Muslim families planning their annual ritual sacrifice to navigate markets diligently to find an animal within their budget. Traders have begun establishing stalls on roadsides in areas such as Falaknuma, Chandrayanagutta, Barkas, Chanchalguda, Bahadurpura, Kishan Bagh, Asif Nagar, Mehdipatnam, Tolichowki, Golconda, and Bowenpally, among others, expressing optimism about selling their stock before the festival on Saturday. The severe weather, including heavy rainfall in various districts and neighbouring states, has led to sheep arriving in the city in wet conditions. Consequently, traders are employing halogen bulbs and lighting at their camps and sale points to keep the animals dry. Shahid Ali, a resident of Saidabad, who purchased a pair of sheep for Rs32,000 at the Jalpally market, noted the significant jump. 'Last year, I bought a pair for Rs24,000, which yielded 14 kg of meat,' he explained. A trader who had sourced livestock from Shadnagar highlighted the stringent rules and regulations now governing the bringing of stock into the city. He explained that all animals undergo examination, and traders must obtain necessary certificates and receipts to confirm their fitness for slaughter or travel before being allowed into city markets. Livestock is being sourced from local markets like Jalpally and Jiyaguda, as well as districts such as Singichella, Bhongir, Nalgonda, Mahbubnagar, Gadwal, Sangareddy, Zaheerabad, Vikarabad, Tandur, and Kurnool. Animals are also arriving from other states, including Karnataka, Maharashtra, Andhra Pradesh, Madhya Pradesh, and Uttar Pradesh. Abubakar Bin Mohammed, another trader at Jalpally, specialises in the Nellore breed, which he identifies as the tallest sheep breed in India. He noted a significant price increase this season, selling a pair of Nellore sheep for Rs60,000 – at least 25 per cent higher than the previous year. Various other breeds, including Telangana Potla, Dumba, Kadga, Nasi, Khassi, Menda, and Jamunapuri (known for long ears), are also available. The Khassi breed is particularly expensive, starting from Rs 60,000 a pair and potentially reaching Rs1 lakh depending on size, as it is often bred as a pet in rural households of Uttar Pradesh and Madhya Pradesh. Maulana Mohammed Rizwan Qureshi, Khatib of Mecca Masjid, provided clarification on the age and health requirements for sacrificial animals. 'A sacrificial sheep or goat must be above the age of one year, while a sacrificial bull, ox, or buffalo must be above two years,' he stated. He added that all animals should be free from any obvious defects.
