Incorporated in 2014, 3B Films Limited is a Vadodara, Gujarat based company engaged in the manufacturing and supplying of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films for packaging and thermoforming applications.
The company's products include transparent, metalized, white opaque, retort, anti-fog, easy-peel, and EVOH films. With advanced facilities and R&D, it leads in specialty films, offering innovative packaging solutions worldwide.
As part of the 3B Group, they emphasize continuous research and development to innovate specialty products. They serve various industries, including food packaging, and have expanded exports to countries like Dubai, Nepal, Sri Lanka, and several African nations.
Following early success, the company installed new imported machinery, doubling production capacity to 750 MT monthly (9,000 MT annually). Adding an MDO unit expanded its product range further.
Product Portfolio:
1. Cast Polypropylene (CPP) Films: The company produces Cast Polypropylene (CPP) films by blending PP polymers, offering high clarity, strong seals, durability, and moisture resistance. These versatile films are used in specialty packaging like candy wraps and food sealing.
2. Cast Polyethylene (CPE) Films: The company’s Plain CPE Film is a co-extruded polyethylene film with excellent clarity, toughness, and cold resistance. It is ideal for pouching, food packaging, overwrapping, rice bags, and electronic device protection.
Competitive Strengths:
- Advanced Manufacturing Facility
- Experienced management team and dedicated workforce
- Own Manufacturing unit and self-reliant manufacturing process
- Wide product range and customized product offering
- Multi-market Company
- Quality Assurance and Quality Control of the products
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure | ₹4 |
| Working Capital Requirements | ₹7 |
| General Corporate Purposes | ₹4 |
| Fresh Offer related expenses | ₹2 |
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 153 | 145 | 133 |
| Revenue | 57 | 76 | 73 |
| PAT | 4 | 4 | 1 |
| EBITDA | 12 | 15 | 10 |
| Net Worth | — | 31 | 27 |
| Reserves | — | 10 | 5 |
| Total Borrowing | — | 107 | 99 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 3,204,000 (47%) | — |
| Retail (RII) | — | 3,204,000 (47%) | — |
| Market Maker | — | 342,000 (5%) | — |
| Total | — | 6,750,000 (100%) | — |
* Amount calculated at upper price band (₹50) · ** Total includes all investor categories
- 1 Initiation of Refund 05 Jun 2025
- 2 Credit of Shares to Demat 05 Jun 2025
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 22x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹2 compares to post-issue EPS of ₹2 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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