Mumbai: The initial public offering (IPO) of 3B Films has received a mild response so far. As of 11:25 AM on Monday, June 2, the IPO was subscribed 1.13 times. It received bids for 72,42,000 shares against 64,08,001 shares on offer. The public issue opened on Friday, May 30.

Grey Market Premium (GMP)

On Monday, 3B Films’ shares were trading at Rs 53 in the grey market. This represents a grey market premium (GMP) of Rs 3, or 6 per cent, over the issue price of Rs 50.

IPO Details

3B Films aims to raise Rs 33.75 crore through this IPO. This includes a fresh issue of 3.54 million equity shares and an offer for sale (OFS) of 3.19 million shares.

The IPO is priced at Rs 50 per share. Retail investors can apply for a minimum of one lot, which includes 3,000 shares, costing Rs 1,50,000. High-net-worth individuals (HNIs) need to invest in at least two lots, or 6,000 shares, worth Rs 3,00,000.

Key Dates

IPO Close Date: Tuesday, June 3, 2025

Basis of Allotment: Wednesday, June 4, 2025

Tentative Listing Date: Friday, June 6, 2025

The shares are proposed to be listed on the BSE SME platform.

Use of IPO Funds

According to the red herring prospectus (RHP):

Rs 4.43 crore will go towards capital expenditure

Rs 7.15 crore will be used for working capital

Rs 4.43 crore will be used for general corporate purposes

About 3B Films

3B Films was founded in September 2014. The company makes cast polypropylene (CPP) and cast polyethylene (CPE) films. These films are used in flexible packaging and thermoforming.

Its products serve food, clothing, and flower packaging industries. The company exports to Dubai, Sri Lanka, Nepal, and several African countries.