The 3B Films IPO closed today, June 3, 2025, marking the end of the subscription period which began on May 30, 2025. This fixed-price issue aimed to raise ₹33.75 crore through a combination of a fresh issue of 35.52 lakh shares (aggregating to ₹17.76 crore) and an offer for sale (OFS) of 31.98 lakh shares (aggregating up to ₹15.99 crore). The IPO price was fixed at ₹50 per share, with a face value of ₹10 each.
On the second day, June 2, 2025, the IPO was subscribed 1.34 times. The retail portion was subscribed 1.93 times, while the Non-Institutional Investors (NII) portion was booked 0.76 times. By the end of the second day, the company had received bids for 86,10,000 shares against the 64,08,001 shares on offer. On the first day, the IPO had already achieved 86% subscription, indicating sustained investor interest.
The Grey Market Premium (GMP) for 3B Films IPO was ₹3 today, June 3, 2025. This suggests the share price was trading at a premium of ₹3 in the grey market. Considering the upper end of the IPO price band (₹50) and the current GMP, the estimated listing price for 3B Films shares is ₹53 apiece, about 6% higher than the IPO price.
3B Films IPO consisted of a fresh issue of 35,52,000 equity shares and an offer for sale (OFS) of 31,98,000 equity shares. The proceeds from the IPO are intended to be used for capital expenditures, working capital requirements, and general corporate purposes. The IPO price band was set at ₹50 per equity share, with a face value of ₹10 each. Bids were to be placed for a minimum of 3,000 equity shares and in multiples of 3,000 shares thereafter, requiring a minimum investment of ₹1,50,000 for retail investors.
Established in 2014 and based in Vadodara, Gujarat, 3B Films Limited specializes in producing and supplying Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films for packaging and thermoforming applications. Their product portfolio includes transparent, metalized, white opaque, retort, anti-fog, easy-peel, and EVOH films. These films are used across various industries, particularly in food packaging and FMCG products. The company has expanded its export reach to include Dubai, Nepal, Sri Lanka, and several African nations.
By December 2024, 3B Films reported operational revenue of ₹5,679.94 Lakhs, an EBITDA of ₹1,196.36 Lakhs, and a profit after tax of ₹420.19 Lakhs. In fiscal year 2024, the company reported revenue of ₹76.40 crores and a profit of ₹4.29 crores, compared to a revenue of ₹72.82 crore and a profit of ₹0.92 crores in 2023.
The allotment for the 3B Films IPO is expected to be finalized on June 4, 2025. The company is scheduled to process refunds and transfer shares to Demat accounts on June 5, 2025. The shares of 3B Films Ltd. are tentatively scheduled to be listed on the BSE SME platform on June 6, 2025.
Nirbhay Capital Services Private Limited is the Lead Manager for the IPO, while Maashitla Securities Private Limited is the registrar for the offering.
