Latest news with #3BFilms'
Business Standard
5 days ago
- Business
- Business Standard
BSE SME 3B Films market premiere fizzles, lists below issue price
Shares of 3B Films was trading at Rs 46.08 on the BSE, a discount of 7.84% compared with the issue price of Rs 50. The scrip was listed at Rs 48.50, a discount of 3% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 48.50 and a low of Rs 46.08. About 93,000 shares of the company changed hands at the counter. 3B Films' IPO was subscribed 1.76 times. The issue opened for bidding on 30 May 2025 and it closed on 3 June 2025. The price of the IPO was set at Rs 50 per share. The IPO comprised a fresh issue of 35,52,000 and an offer for sale (OFS) of 31,98,000 equity shares by existing shareholders. The company intends to utilize the net proceeds to meet capital expenditure, working capital, general corporate purposes and offer related expenses. 3B Films is a leading manufacturer and supplier of CPP (Cast Polypropylene) and CPE (Cast Polyethylene) films, catering to the diverse requirements of the flexible packaging industry and high-end thermoforming applications. The company plays a pivotal role in delivering innovative and customized packaging solutions across a wide range of sectors. Its product portfolio includes a wide range of CPP films designed to address the specific needs of various industries, including food and beverage, clothing, flowers and other consumer goods. As on December 31, 2024, the company had 59 permanent employees. The company recorded revenue from operations of Rs 4.20 crore and net profit of Rs 56.79 crore for the period ended 31 December 2024.
Time of India
5 days ago
- Business
- Time of India
3B Films shares to list today. Check GMP ahead of listing
Vadodara-based plastic packaging film manufacturer 3B Films will list its shares on the BSE SME platform on Friday. Ahead of the listing, the company's shares had muted GMP of Rs 0 in the unlisted market. This indicates a likely flat listing, but the sentiments could change depending on the secondary market. The IPO, which was completely a fresh equity sale of 67.5 lakh shares, received a modest subscription of 1.8 times. The issue was priced at Rs 50 apiece The net proceeds from the IPO will be used for capital expenditure, working capital requirements, and general corporate purposes. The company plans to invest in forward integration by installing new printing and lamination lines to provide end-to-end flexible packaging solutions. 3B Films is engaged in the manufacturing and supply of CPP and CPE films tailored to meet the diverse needs of the flexible packaging industry and high-end thermoforming applications. It plays a pivotal role in delivering innovative packaging solutions to its clients of a wide array of industries. The company's product portfolio includes a wide range of CPP films designed to address the specific needs of various industries, including food and beverage, clothing, flowers and other consumer goods. Live Events From high-clarity films for premium packaging to high-barrier films for extended shelf life, it offers solutions that cater to the evolving demands of the market as we presently are equipped with such a manufacturing facility capable of producing CPP and CPE films spanning a thickness range from 15 to 250 microns. Further, considering the future prospect of Adhesive Laminated Films in line with the present business of the company, in the financial year 2023-24, it also started trading of said films and recorded turnover of Rs 22.59 crore in the first fiscal itself. To exploit the potential business opportunities prevailing in the market, the company is planning to install machines in its manufacturing unit itself to manufacture adhesive laminated films in the years to come The company's management on the occasion of the IPO said, "As we take the next step in our journey with this public offering, our focus remains on strengthening 3B Films' position in the flexible packaging industry. With the planned installation of printing and lamination lines, we aim to offer comprehensive packaging solutions under one roof. This investment supports our strategy to move closer to end-use applications while maintaining quality, efficiency, and customization." ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Business Standard
03-06-2025
- Business
- Business Standard
3B Films IPO: Last day to apply! Check subscription status, GMP & key dates
3B Films IPO Day 3 update, subscription status: Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films marker 3B Films' initial public offering (IPO) has received a stellar response from investors so far. The SME offering, which opened for public subscription on Friday, May 30, was oversubscribed with 98,07,000 shares, against 64,08,001 on offer, leading to a subscription of 1.53 times around 12 PM on Tuesday, showed BSE data. 3B Films IPO grey market premium (GMP) today According to sources tracking unofficial markets, the unlisted shares of 3B Films were trading flat at ₹50, on Tuesday, in the grey market. The GMP slipped from June 1, 2025, when the shares were trading with a ₹3 or 6 per cent premium at ₹53 per share. 3B Films IPO details Through this IPO, 3B Films aims to raise ₹33.75 crore. The offer is a fresh issue of 3.54 million equity shares and an offer for sale (OFS) of 3.19 million shares. 3B Films IPO: Important dates Today, June 3, 2025, is the final day for subscribing to the offer. The basis of the allotment of shares will tentatively be finalised on Wednesday, June 4, 2025. Shares of 3B Films are slated to be listed on the BSE SME platform, on Friday, June 6, 2025. The company has fixed the price band at ₹50 per equity share. Retail investors can bid for a minimum of one lot consisting of 3,000 shares with an investment amount of ₹1,50,000. The minimum investment required for high-net-worth individuals (HNIs) is ₹3,00,000 for two lots of 6,000 equity shares. About 3B Films Incorporated in September 2014, 3B Films is engaged in the manufacturing and supply of CPP & CPE films tailored to meet the diverse needs of the flexible packaging industry and high-end thermoforming applications. Its product portfolio includes a wide range of CPP films designed to address the specific needs of various industries, including food and beverage, clothing, flowers and other consumer goods. The company has expanded exports to countries like Dubai, Nepal, Sri Lanka, and several African nations.
Time of India
30-05-2025
- Business
- Time of India
3B Films IPO opens for subscription at Rs 50 per share
The initial public offering of 3B Films, a manufacturer of high-quality plastic packaging films, opened for subscription on Friday at Rs 50 apiece. 3B Films is looking to raise Rs 33.75 crore though the initial share sale which will remain open until June 3, the company said in a statement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Highest Earning College Majors—2025 Edition Best Paying Degrees | Search Ads Learn More Undo The shares of the company will be listed on the SME platform of the BSE and the investors can bid for a minimum of 3,000 shares and in multiples thereof, it added. The IPO (initial public offering is a combination of fresh issue of 35.52 lakh shares aggregating to Rs 17.76 crore and an offer for sale (OFS) of up to 31.98 lakh shares aggregating to Rs 15.99 crore by its promoters, Ashokbhai Dhanjibhai Babariya , Mukesh Dhanjibhai Babariya and Gulabben Nitin Babariya. Proceeds from the IPO will be utilised for capital expenditure as well as to fund its working capital requirements and for general corporate purposes. Live Events "Over the years, we have built a strong foundation through our core expertise in CPP and CPE films. With the planned installation of printing and lamination lines, we aim to provide comprehensive packaging solutions under one roof. "This investment will help us move up the value chain, offering products that are closer to end-use requirements while ensuring quality, efficiency, and customisation," 3B Films' Chairman & MD Ashokbhai Dhanjibhai Babariya said. Founded in 2014, 3B Films specialises in producing and supplying Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films intended for packaging and thermoforming. The Gujarat-based company serves key industries such as food & beverages, garments, floriculture, and consumer goods. Nirbhay Capital Services is the book-running lead manager while Maashitla Securities is the registrar for the issue. PTI
