Three M Paper Boards Share Price

Three M Paper Boards Limited was initially incorporated as ThreeMPaper Manufacturing Company Private Limited at Mumbai as a private limited company dated July 26, 1989, with the RoC. Pursuant to conversion of the company from private to public, name of the Company was changed from ThreeMPaper Manufacturing Company Private Limited to ThreeMPaper Manufacturing Company Limited on July 01, 1998. Pursuant to reconversion of the company from public to private, the name of the Company was changed from ThreeMPaper Manufacturing Company Limited to ThreeMPaper Manufacturing Company Private Limited and a fresh certificate of incorporation was issued on October 05, 1999. Subsequently, the name was changed from ThreeMPaper Manufacturing Company Private Limited to Three M Paper Boards Private Limited on January 11, 2024. Subsequently, Company got converted to a public limited and the name changed to Three M Paper Boards Limited and a fresh certificate of incorporation dated January 29, 2024 was issued by the RoC.The Company is headquartered in Mumbai, with its manufacturing facility located in Chiplun, in the Ratnagiri Dist. of Maharashtra. Equipped with stateoftheart machines and ultramodern technologies in its manufacturing facility, the company had a total manufacturing capacity of 72,000 TPA paper at the close of FY 202324.The Company is engaged in the business of manufacturing recycled paperbased Duplex Board products used in various packaging applications across industries such as food and beverage, pharmaceuticals, cosmetics, and consumer goods and supplies its highquality duplex board paper products in both the domestic and international markets. Their products are made out of 100% recycled wastepaper and are completely biodegradable. In 2016, the Company received permission from Commissioner of Customs, NSIII, for DPD i.e., availing Direct Port Delivery facility at Nhava Sheva Port. Later, in 2021, the Company received Authorised Economic Operator T1 Certificate from Central Board of Indirect Taxes and Customs, Ministry of Finance, Government of India. Company came up with IPO by issuing 57,72,000 equity shares of Rs 10 each and raised money of Rs 39.83 crores through fresh issue on July 16, 2024. The Company has enhanced the installed capacity to 1,08,000 MT from 72,000 MT from FY 202526.