The initial public offer (IPO) of 3B Films received bids for 55,11,000 shares as against 67,50,000 shares on offer, as per BSE data at 17:00 hours on Friday (30 May 2025). The issue was subscribed 0.81 times.
The issue opened for bidding on Friday (30 May 2025) and it will close on (3 June 2025). The price of the IPO is fixed at Rs 50 per share. An investor can bid for a minimum of 3,000 equity shares and in multiples thereof. The equity shares will list on BSE’s SME platform.
The IPO comprises of a fresh issue of 35,52,000 and an offer for sale (OFS) of 31,98,000 equity shares by existing shareholders. The promoters, Ashokbhai Dhanjibhai Babariya, Mukesh Dhanjibhai Babariya, and Gulabben Nitin Babariya, are selling shareholders in the OFS.
About 3,42,000 equity shares will be reserved for subscription by the market maker to the issue. The net offer comprises of 64,08,000 equity shares, including anchor investor shares. The offer and the net offer will constitute 27.25% and 25.87%, respectively, of the post-offer paid-up equity share capital of the company.
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.