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3B Films Ltd’s IPO was subscribed 1.34 times by Day 2, with retail at 1.93 times. The IPO price is Rs 50, and shares trade at Rs 53 in the grey market.
The 3B Films IPO will be closed on Tuesday, June 3.
3B Films IPO Day 2: The initial public offering of 3B Films Ltd, which was opened for public subscription on Friday, May 30, has received a muted response till Day 2. Till 6:04 pm on the second day of bidding on Monday, the Rs 33.75-crore BSE SME IPO received a 1.34 times subscription, garnering bids for 86,10,000 shares as against 64,08,001 shares on offer.
The retail and NII participation stood at 1.93 times and 0.76 times, respectively.
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Gujarat-based 3B Films manufactures and supplies cast polypropylene (CPP) and cast polyethylene (CPE) films.
The three-day IPO will be closed on Tuesday, June 3. It received a 0.86 times subscription on the first day of bidding on Friday.
3B Films IPO Price
The price has been fixed in the range of Rs 50 apiece.
3B Films IPO GMP Today
According to market observers, unlisted shares of 3B Films Ltd are currently trading at Rs 53 apiece in the grey market, which is a 6% premium or GMP over the IPO price of Rs 50. It indicates listing gains for investors on June 6, the tentative listing date.
The shares will be listed on the BSE’s SME platform.
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The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
3B Films IPO Lot Size
The minimum lot size for an application is 3,000. The minimum amount of investment required by retail investors is Rs 1,50,000. The bidding can be done in multiple of 3,000.
3B Films IPO: More Details
The company is planning to raise Rs 33.75 crore through a fresh issue of 3.54 million equity shares and an offer-for-sale (OFS) of 3.19 million shares.
The SME IPO will close for subscription on Tuesday, June 3, 2025.
The basis of the allotment of shares is expected to be finalised on Wednesday, June 4, 2025.
Maashitla Securities is the registrar of the issue. Nirbhay Capital Services is the sole book-running lead manager for the issue.
According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use Rs 4.43 crore for capital expenditure, Rs 7.15 crore for working capital requirements and Rs 4.43 crore for general corporate purposes.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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