Latest news with #CPE
Mint
2 days ago
- Business
- Mint
3B Films IPO share allotment in focus today; GMP, how to check status in 4 steps
3B Films IPO: The initial public offering (IPO) of the manufacturer of cast polypropylene (CPP) and cast polyethylene (CPE) films, 3B Films, saw a decent response. The IPO was subscribed 1.80 times overall, with the retail segment subscribed 2.75 times. The ₹ 33.75 crore SME IPO opened for subscription on Friday, May 30 and concluded on Tuesday, Jun 3. The company is to finalise share allotment today, Wednesday, Jun 4. Successful bidders can expect the shares to be credited to their demat accounts on Thursday, Jun 5. Those who do not receive an allotment will receive refunds on the same day. The stock may debut on the BSE SME on Friday, June 6. Investors who bet on the IPO can check the share allotment status online on the registrar's website. They can also check the share allotment status on the official websites of the BSE. Maashitla Securities Private Limited is the official registrar of the SME IPO. One can follow these steps to check the share allotment status: Step 1: Visit the registrar's website with this direct weblink Step 2: Select '3B Films IPO' from the "select company" dropdown Step 3: Select either 'PAN, Application No., or Demat Account' and fill in the details Step 4: Click on the 'Submit' button. Your 3B Films IPO allotment status will appear on your computer monitor or mobile phone screen. To check 3B Films IPO allotment status online on the BSE website, one needs to log in at the direct BSE link and follow the below-mentioned step-by-step guide: Step 1: Log in to the BSE link — Step 2: Select 'Equity' in the issue type option Step 3: Select '3B Films' Step 4: Fill in the application number or PAN card details in the given space Step 5: Click on 'I'm not a robot' and Step 6: Click on the 'Search' option. Your 3B Films IPO allotment status will appear on your computer monitor or mobile phone screen. According to market sources, the last grey market premium (GMP) of the stock was zero. This indicates the stock could be listed at par on the BSE SME. Read all market-related news here Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.
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Business Standard
3 days ago
- 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.
News18
3 days ago
- Business
- News18
3B Films IPO Closes Today: Check Subscription Status, GMP Today
Last Updated: The current GMP of the 3B Films IPO is zero, signalling zero or negative listing returns for investors as of now. 3B Films IPO Day 3: The initial public offering of 3B Films Ltd is going to be concluded at 5 pm today, Tuesday, June 3. The IPO has received a muted response so far. Till 10:14 am on the final day of bidding on Tuesday, the Rs 33.75-crore BSE SME IPO received a 1.40 times subscription, garnering bids for 90,00,000 shares as against 64,08,001 shares on offer. The retail and NII participation stood at 2.03 times and 0.78 times, respectively. Gujarat-based 3B Films manufactures and supplies cast polypropylene (CPP) and cast polyethylene (CPE) films. The three-day IPO was opened on Friday, May 30. It received a 0.86 times subscription on the first day of bidding on Friday and a 1.34 times subscription on the second day of bidding. 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, the current GMP of the 3B Films IPO is zero, signalling zero or negative listing returns for investors as of now. Unlisted shares of 3B Films Ltd are trading at Rs 50 apiece in the grey market, which is the same as the IPO price of Rs 50. The shares of 3B Films Ltd will be listed on the BSE's SME platform on Friday, June 6. 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. 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.
CTV News
3 days ago
- Business
- CTV News
Union representing workers in 400 daycare centres votes 58 per cent in favour tentative agreement
Workers at Centres de la petite enfance (CPE), members of the CSN-affiliated Fédération de la santé et des services sociaux, protesting during a one-day walkout, January 23, 2025. (Graham Hughes/The Canadian Press) Workers in 400 daycare centres (CPEs) voted 58 per cent in favour of the tentative agreement reached with Quebec for the renewal of their collective agreement. The workers are members of unions affiliated with the Fédération de la santé et des services sociaux (FSSS), which is affiliated with the CSN. 'It's not the collective agreement of the century,' said Stéphanie Vachon, FSSS representative for the CPE sector, in an interview. She noted that there have been improvements in 'entry-level and exit-level salaries' in the profession, but the 17.4 per cent increase over five years for all workers remains the same as for government employees. 'The government had really laid its cards on the table' with its 17.4 per cent increase for the public sector, which it insisted on, Vachon recalls. 'Then there is also the notion of the other union federations that reached an agreement before us and established a kind of basic framework. So it was really the fact that this basic framework was not broken that created a lot of discontent and dissatisfaction among workers. That's what we see in the result' of 58 per cent support, Vachon said. She added that work in CPEs is not recognized for its true value. The FSSS is the last union representing workers in CPEs to conclude its negotiations with Quebec. The three others involved in these national negotiations reached agreements last year: the Fédération des intervenantes en petite enfance (FIPEQ), affiliated with the CSQ, the Syndicat québécois des employé(e)s de service (SQEES) and the Syndicat des métallos, both affiliated with the FTQ. In Quebec City, Treasury Board President Sonia LeBel welcomed the approval of this tentative agreement, which was reached on May 5. 'This step marks a breakthrough in the process of improving working conditions for educators and the quality of services offered to children and their families,' she said on X. FSSS union members had been on strike for 13 days since the end of January. Vachon said she believes it was worth striking for 13 days to achieve this result. 'Yes, absolutely. Between the start of the strike and the end, there was always something else that was holding things up,' she said. She also claims to have made gains on certain bonuses, particularly to recognize the value of experienced workers. These FSSS union members work in more than 400 CPEs. Quebec had 940 CPEs as of Dec. 31 last year, managing 1,772 facilities, according to the Ministry of Family Affairs. This report by The Canadian Press was first published in French on June 2, 2025. By Lia Lévesque, The Canadian Press
Mint
3 days ago
- Business
- Mint
3B Films IPO fully subscribed led by retail investors on the second bidding day. Check GMP, issues details, more
The subscription for the 3B Films IPO commenced on Friday, May 30, and will conclude on Tuesday, June 3. 3B Films IPO price band has been set at ₹ 50 per equity share with a face value of ₹ 10 each. Bids must be placed for a minimum of 3,000 equity shares and can be made in multiples of 3,000 equity shares thereafter. Established in 2014, 3B Films Limited is located in Vadodara, Gujarat, and specializes in the production and supply of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films for packaging and thermoforming applications. The company's product range includes transparent, metalized, white opaque, retort, anti-fog, easy-peel, and EVOH films. With cutting-edge facilities and a commitment to research and development, it distinguishes itself in the specialty films market by offering innovative packaging solutions worldwide. As part of the 3B Group, the company emphasizes continuous research and development to create specialty products. They serve various industries, particularly in food packaging, and have successfully broadened their export reach to regions including Dubai, Nepal, Sri Lanka, and several African nations. Following their initial success, the company invested in new imported machinery, enabling them to double their production capacity to 750 MT per month (9,000 MT annually). The addition of an MDO unit has further expanded their product range. By December 2024, the company reported operational revenue of ₹ 5,679.94 Lakhs, an EBITDA of ₹ 1,196.36 Lakhs, and a profit after tax of ₹ 420.19 Lakhs. 3B Films IPO subscription status is 1.21 times, on day 2, so far. The retail portion was subscribed 1.68 times, and NII portion was booked 73%. The company has received bids for 77,25,000 shares against 64,08,001 shares on offer, at 14:04, according to data on 3B Films IPO subscription status was 86% on the first bidding day. 3B Films IPO consists of a fresh issue of 35,52,000 equity shares, aggregating to ₹ 17.76 crore, and an offer for sale (OFS) of 31,98,000 equity shares aggregating up to ₹ 15.99 crore. The proceeds from the IPO will be directed towards capital expenditures, assisting with working capital requirements, and fulfilling general corporate aims. The subscription period is set to close on June 3rd, 2025. Nirbhay Capital Services Private Limited will serve as the Lead Manager for the Offer, while Maashitla Securities Private Limited will function as the registrar for the offering. Ashokbhai Dhanjibhai Babariya, Chairman and Managing Director of 3B Films Limited, mentioned that the money raised through the IPO will be used for capital expenses tied to our expansion through forward integration, to guarantee working capital for our operational development, and for overall corporate needs. With a well-established facility in Vadodara and a strong focus on recyclable and sustainable film solutions, we align with the industry's shifting expectations regarding both performance and environmental accountability. 3B Films IPO GMP today is +3. This indicates 3B Films share price was trading at a premium of ₹ 3 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of 3B Films share price is indicated at ₹ 53 apiece, which is 6% higher than the IPO price of ₹ 50. According to the recent grey market activities over the past eight sessions, today's IPO GMP is trending positively and is anticipated to have a strong opening. The minimum GMP recorded is ₹ 0.00, while the maximum GMP stands at ₹ 3, as per the insights from experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
