3B Films IPO fully subscribed led by retail investors on the second bidding day. Check GMP, issues details, more
Established in 2014, 3B Films Limited is located in Vadodara, Gujarat, and specializes in the production and supply of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films for packaging and thermoforming applications.
The company's product range includes transparent, metalized, white opaque, retort, anti-fog, easy-peel, and EVOH films. With cutting-edge facilities and a commitment to research and development, it distinguishes itself in the specialty films market by offering innovative packaging solutions worldwide.
As part of the 3B Group, the company emphasizes continuous research and development to create specialty products. They serve various industries, particularly in food packaging, and have successfully broadened their export reach to regions including Dubai, Nepal, Sri Lanka, and several African nations. Following their initial success, the company invested in new imported machinery, enabling them to double their production capacity to 750 MT per month (9,000 MT annually).
The addition of an MDO unit has further expanded their product range. By December 2024, the company reported operational revenue of ₹ 5,679.94 Lakhs, an EBITDA of ₹ 1,196.36 Lakhs, and a profit after tax of ₹ 420.19 Lakhs.
3B Films IPO subscription status is 1.21 times, on day 2, so far. The retail portion was subscribed 1.68 times, and NII portion was booked 73%.
The company has received bids for 77,25,000 shares against 64,08,001 shares on offer, at 14:04, according to data on chittorgarh.com
3B Films IPO subscription status was 86% on the first bidding day.
3B Films IPO consists of a fresh issue of 35,52,000 equity shares, aggregating to ₹ 17.76 crore, and an offer for sale (OFS) of 31,98,000 equity shares aggregating up to ₹ 15.99 crore.
The proceeds from the IPO will be directed towards capital expenditures, assisting with working capital requirements, and fulfilling general corporate aims. The subscription period is set to close on June 3rd, 2025.
Nirbhay Capital Services Private Limited will serve as the Lead Manager for the Offer, while Maashitla Securities Private Limited will function as the registrar for the offering.
Ashokbhai Dhanjibhai Babariya, Chairman and Managing Director of 3B Films Limited, mentioned that the money raised through the IPO will be used for capital expenses tied to our expansion through forward integration, to guarantee working capital for our operational development, and for overall corporate needs. With a well-established facility in Vadodara and a strong focus on recyclable and sustainable film solutions, we align with the industry's shifting expectations regarding both performance and environmental accountability.
3B Films IPO GMP today is +3. This indicates 3B Films share price was trading at a premium of ₹ 3 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of 3B Films share price is indicated at ₹ 53 apiece, which is 6% higher than the IPO price of ₹ 50.
According to the recent grey market activities over the past eight sessions, today's IPO GMP is trending positively and is anticipated to have a strong opening. The minimum GMP recorded is ₹ 0.00, while the maximum GMP stands at ₹ 3, as per the insights from investorgain.com experts.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Trump slams Musk's political party as 'ridiculous'
US President Donald Trump on Sunday criticised Elon Musk for launching a new political outfit, calling the move 'ridiculous' and branding the billionaire entrepreneur a 'train wreck.' The sharp remarks deepen the rift between the two once-close allies. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 'Saddened' Tired of too many ads? Remove Ads US President Donald Trump on Sunday slammed former ally Elon Musk's launching of a new political party as "ridiculous," deepening the Republican's feud with the man who was once his biggest also branded the SpaceX and Tesla tycoon a "TRAIN WRECK" who had gone "off the rails" after Musk said he wanted to challenge the current US political system The world's richest man was almost inseparable from Trump as he headed the cost-cutting "Department of Government Efficiency," but they fell out hard over the president's "big beautiful" tax and spending mega-bill."I think it's ridiculous to start a third party," Trump told reporters before he boarded Air Force One on his way back to Washington from his New Jersey golf club."It's always been a two-party system, and I think starting a third party just adds to confusion. Third parties have never worked. So he can have fun with it, but I think it's ridiculous," he African-born Musk announced on Saturday that he would create the so-called "America Party" to challenge what he called the United States' "one-party system."Musk says the president's massive domestic spending plan would explode the US debt, and has vowed to do everything in his power to defeat lawmakers who voted for former DOGE boss, who led a huge drive to slash federal spending and cut jobs, equated Trump's Republicans with rival Democrats when it came to domestic spending."When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," Musk posted on X, the social media platform that he gave few details of his plan and it was not clear whether he had registered the party with US electoral authorities, but it could cause Republicans headaches in the 2026 midterm elections -- and a sign of how sensitive the issue could be for Trump, he took to his Truth Social network while still on Air Force One to double down on his assault on Musk."I am saddened to watch Elon Musk go completely 'off the rails,' essentially becoming a TRAIN WRECK over the past five weeks," Trump posted."The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats."In a lengthy diatribe, Trump repeated his earlier assertion that Musk's ownership of electric vehicle company Tesla had made him turn on the president due to the spending bill cutting subsidies for such has insisted that his opposition is primarily due to the bill increasing the US fiscal deficit and sovereign on Sunday, Treasury Secretary Scott Bessent also threw shade at Musk's attempts to enter the political fray, telling him to stick to running his asked by CNN if Musk's plan bothered the Trump administration, Bessent offered thinly veiled criticism."I believe that the boards of directors at his various companies wanted him to come back and run those companies, which he is better at than anyone," Bessent said."So I imagine that those board of directors did not like this announcement yesterday and will be encouraging him to focus on his business activities, not his political activities."Musk left DOGE in May to focus full-time on his corporate responsibilities, with Tesla's sales and image especially suffering from his brief venture into Trump's inner gave him a grand send-off in the Oval Office, during a bizarre ceremony during which Musk appeared with a black eye and received a golden key to the White House from the just days later the two were exchanging bitter insults on social media after Musk criticized Trump's flagship spending would not comment on Sunday when asked if he would be asking Musk to return the golden key.
Scroll.in
13 hours ago
- Scroll.in
Data breach of 16 billion login credentials could risk Indian users
This article was originally published in Rest of World, which covers technology's impact outside the West. A recent data breach of about 16 billion login credentials is said to have put users of Facebook, Instagram, Google, and Apple at risk of fraud and identity theft. The stolen records, scattered across 30 databases, are a 'blueprint for mass exploitation' that threatens users in developing nations, according to a June 18 report by CyberNews, whose researchers found the breach. Unlike traditional database hacks, this leak originated from malware that infiltrates devices only when users download corrupted files, then targets people with poor password habits. Developing countries face the greatest risk from this breach due to rapid digital adoption coupled with inadequate cybersecurity infrastructure, experts said. The vulnerability is particularly acute in Asia and Latin America, which represent the largest user bases for many affected platforms. 'Breaches like this can cause serious damage in Africa and Asia, especially emerging economies like India, Brazil, Nigeria, and Indonesia,' Salman Waris, founder of UAE-based cybersecurity consultancy TechLegis, told Rest of World. 'Since digital growth is rapid but security is lagging, the risk of fraud and cybercrime spikes for millions.' Meta, Google, and Apple have yet to react to the breach. The geographic concentration of users amplifies the potential impact significantly. India represents Facebook and Instagram's biggest market, accounting for 20% and 26% of the platforms' app downloads, respectively, according to San Francisco-based research firm Sensor Tower. Countries across Asia and Latin America similarly house substantial portions of Gmail's global user base. Government institutions and critical infrastructure operators face elevated risks from the breach, Waris said. Individuals and organisations lacking two-factor authentication become easy targets for infostealer malware campaigns, he added. Historical precedents show the devastating potential of such breaches in developing regions. A 2015 leak exposed 184 million Pakistani users' credentials for banks, social media, and government services, triggering widespread fraud warnings. The same year, Operation Secure in Asia led to more than 216,000 victim notifications after attacks targeted credentials and payment information across Vietnam and Sri Lanka. African nations have suffered similar breaches targeting critical infrastructure. Almost 500,000 pieces of personal and financial data were stolen in 2024 from Telecom Namibia, affecting ministries and senior government officials. In the first quarter of 2025, over 119,000 leaked data breaches were recorded in Nigeria, according to a report from cybersecurity firm Surfshark. Many other African countries, like South Africa and Morocco, have had their fair share of data breaches. The economic impact can be severe for emerging markets with limited resources. Costa Rica's 2022 ransomware attack crippled government services and cost the country 2.4% of its GDP. Such incidents highlight how cyberattacks can devastate economies already struggling with infrastructure challenges. Weak law enforcement compounds the problem in many developing nations. Inadequate policing infrastructure often fails to identify thefts, let alone lead to prosecution, Ankur Bisen, a senior partner at consulting firm Technopak, told Rest of World. 'In India, digital frauds are now recognised as the single biggest financial risk by the central bank,' Bisen said, emphasising the growing threat to emerging economies where millions lack basic cybersecurity awareness. The leaked data sets flagged by CyberNews varied dramatically in size and scope. The smallest collection contained about 16 million records, while the largest – reportedly targeting Portuguese-speaking users – held more than 3.5 billion credentials. Each batch averaged approximately 550 million records. While the scale appears unprecedented, security experts caution that much of the data may be outdated or recycled. Infostealer malware typically captures a broad range of credentials from infected devices, Waris said. 'The data covers everything from Google and Facebook to VPNs and developer portals, but a lot of it is recycled, outdated, or even fake,' he said.
&w=3840&q=100)
Business Standard
17 hours ago
- Business Standard
Elon Musk announces new 'America Party', but can he be US president?
Tesla CEO Elon Musk has announced the formation of a new political outfit—the America Party—with a mission to challenge what he described as a 'one-party system' in the United States. The move, declared on his platform X on July 6, follows a very public split with former ally and US President Donald Trump. 'Today, the America Party is formed to give you back your freedom,' Musk posted on X. 'When it comes to bankrupting our country with waste and graft, we live in a one-party system, not a democracy.' The announcement has fuelled speculation over Musk's political ambitions, with many pondering whether he intends to contest the 2028 US presidential election. But the question remains - can he? Elon Musk hints at electoral push Responding to a user on X who asked whether he would run in the midterms or in 2028, Musk replied, 'Next year.' While the comment triggered fresh discussion about a possible electoral foray, Musk remains constitutionally barred from seeking the presidency. As per Article II, Section 1 of the US Constitution, only natural-born citizens of the US are eligible for the presidency. Musk, born in South Africa, acknowledged this limitation in 2024, stating, 'I cannot be president because of my African birth.' Despite these constraints, Musk's political rhetoric and public polling suggest he is keen on influencing the American political landscape from outside the traditional Democratic and Republican structures. Elon Musk's fallout with Trump Musk's political move comes after a dramatic fallout with Donald Trump. He was once a close adviser and even led the Department of Government Efficiency (DOGE) during the initial few months of the Trump administration. Musk also emerged as the largest individual donor to Trump's 2024 campaign. However, the relationship soured over disagreements on Trump's tax and spending bill, which Musk criticised for adding trillions to the federal deficit. The rift culminated in Musk's exit from the DOGE and a series of public jabs between the two. Trump reportedly threatened to review federal contracts awarded to Musk's companies and labelled DOGE 'a monster that may go back and eat Elon". Poll-driven launch for party Musk's decision to float a new party was preceded by a poll posted on July 4 on X, asking users if they wanted 'independence from the two-party (some would say uniparty) system.' Over 1.2 million users responded, with a 2-to-1 majority in favour. 'By a factor of 2 to 1, you want a new political party and you shall have it!' Musk posted on X following the poll. He also shared a meme of a two-headed snake captioned 'End the Uniparty', suggesting bipartisan collusion between Republicans and Democrats in misgovernance. No formal registration yet As of now, there is no formal record of the America Party's registration with the Federal Election Commission (FEC), according to recent filings cited by CNN. Musk has also not revealed where or how the party will be officially registered. The Tesla and SpaceX CEO said the America Party would initially focus on a limited number of House and Senate races in the 2026 midterm elections. He offered few details about its policy platform, apart from describing it as fiscally conservative. Despite the legal bar on his own candidacy, Musk has stated in the past, 'I actually don't want to be president. I want to build rockets and cars.' Still, he indicated he would be willing to assist in governance reform, especially if Trump were re-elected, saying in 2024: 'I'll work hard on the Department of Government Efficiency.'
