Three M Paper Boards Ltd. has announced public offering of 5772000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 59.00 per share. The gross proceeds of the issue are expected to be Rs 3,982.68 lakhs.

The company's initial public offer (IPO) will open on 12 July 2024 and is expected to close on 16 July 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 67.00-69.00 per share.

The IPO includes a fresh Issue of 5772000 Equity Shares of the Company at an price of Rs 69.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Three M Paper Boards Ltd. anticipates using the proceeds of the issue for .

COMFORT SECURITIES PVT. LTD. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.