3B Films Limited, a Gujarat-based manufacturer specializing in Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films, is launching its 3B Films Limited IPO on the BSE SME platform. Below are the comprehensive details:
3B Films Limited IPO Timeline
- Issue Opens: May 30, 2025
- Issue Closes: June 3, 2025
- Allotment Finalization: June 4, 2025
- Refund Initiation: June 5, 2025
- Shares Credited to Demat: June 5, 2025
- Listing Date: June 6, 2025
3B Films Limited IPO Details
- Issue Price: ₹50 per share
- Face Value: ₹10 per share
- Lot Size: 3,000 shares
- Minimum Investment: ₹150,000
- Total Issue Size: ₹33.75 crore
- Fresh Issue: 35.52 lakh shares (₹17.76 crore)
Share Allocation
- Market Maker Portion: 3.42 lakh shares (9.64%)
- Net Offer to Public: 64.08 lakh shares (90.36%)
- Retail Individual Investors (RIIs): 32.04 lakh shares (47.47%)
- Non-Institutional Investors (NIIs): 32.04 lakh shares (47.47%)
Promoters of 3B Films Limited
Promoters and Directors
The company is promoted and managed by members of the Babariya family, who have played a pivotal role in its establishment and growth. The key promoters and directors include:
- Ashokbhai Dhanjibhai Babariya: Serving as a Director since the company’s inception on September 3, 2014.
- Mukesh Dhanjibhai Babariya: Also a founding Director, appointed on September 3, 2014.
- Gulabben Nitin Babariya: Appointed as a Director on September 12, 2014.
- Nitinbhai Dhanjibhai Babariya: Joined the board as a Director on June 20, 2017.
These individuals have been instrumental in steering 3B Films Limited towards its current position in the packaging industry.
Ashokbhai Dhanjibhai Babariya
- Designation: Chairman and Managing Director
- DIN: 03363509
- Background: Ashokbhai is a founding director of 3B Films Limited, appointed on September 3, 2014. He also holds directorship positions in Mars Engitech Private Limited and 3B Welfare Foundation, indicating his involvement in diversified business ventures.
Mukesh Dhanjibhai Babariya
- Designation: Non-Executive Director
- DIN: 06904399
- Background: Mukesh, also a founding director since September 3, 2014, contributes to the strategic decisions of the company. He serves as a director in 3B Welfare Foundation alongside Ashokbhai.
Gulabben Nitin Babariya
- Designation: Director
- DIN: 06975120
- Background: Gulabben joined the board on September 12, 2014, and is part of the promoter group, contributing to the company’s governance.
Dishank Nitin Babariya
- Designation: Whole-Time Director
- Background: Dishank is involved in the company’s operations, holding a significant managerial position.
These individuals collectively hold a substantial shareholding in 3B Films Limited, reflecting their significant influence over the company’s management and strategic direction.
Grey Market Premium (GMP)
As of now, there is no publicly available information regarding the Grey Market Premium (GMP) for 3B Films Limited’s IPO. Investors should exercise caution and rely on official sources for investment decisions.
3B Films Limited IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3000 | ₹1,50,000 |
| Retail (Maximum) | 1 | 3000 | ₹1,50,000 |
| HNI (Minimum) | 2 | 6,000 | ₹3,00,000 |
3B Films Limited IPO Promoter Holding
As of the fiscal year ending March 31, 2024, the shareholding pattern of 3B Films Limited was as follows:
| Shareholder Name | Category | No. of Shares | % of Total Shares |
|---|---|---|---|
| Ashokbhai Dhanjibhai Babariya | Promoter | 4,240,000 | 19.97% |
| Mukesh Dhanjibhai Babariya | Promoter | 4,240,000 | 19.97% |
| Dishank Nitin Babariya | Promoter | 1,241,370 | 5.85% |
| Harshaben Mukeshbhai Babariya | Promoter Group | 1,061,000 | 5.00% |
| Babariya Heena Ashokbhai | Promoter Group | 424,400 | 2.00% |
| Babariya Mithil Ashokkumar | Promoter Group | 1,061,000 | 5.00% |
| Total Promoter & Group | 12,267,770 | 57.79% | |
| Public Shareholders | Public | 8,952,230 | 42.21% |
| Total | 21,220,000 | 100.00% |
About 3B Films Limited
3B Films Limited, established in 2014, is a Gujarat-based company specializing in the manufacturing of high-performance Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films. These films are primarily used in flexible packaging and thermoforming applications across various industries, including food, FMCG, and consumer goods.
Company Overview
- Incorporation Date: September 3, 2014
- Headquarters: Vadodara, Gujarat, India
- Manufacturing Facility: Located near Vadodara, equipped with the art machinery imported from Italy and Germany.
- Installed Capacity: Approximately 9,000 metric tons per annum.
- Certifications: ISO 9001:2015, ISO 22000:2005, and BRCGS, ensuring adherence to international quality and safety standards.
Product Portfolio
3B Films offers a diverse range of CPP and CPE films tailored for various packaging needs:
- Transparent CPP Films
- White Opaque CPP Films
- Metallized CPP Films
- Retort CPP Films
- Anti-Fog CPP Films
- Easy Peel CPP Films
- EVOH CPE Films
- Metallized CPE Films
- Transparent CPE Films
These films cater to applications in food packaging, pharmaceuticals, and other consumer goods, providing properties like high impact strength, dimensional stability, heat resistance, and excellent printability.
Market Presence
- Domestic Clients: The company supplies to major corporates and MNC converters such as Huhtamaki PPL Ltd., Amcor, and Uflex Ltd., which in turn serve FMCG giants like Britannia Ltd., HUL, ITC, Parle, and Ferrero Rocher.
- Export Markets: 3B Films has expanded its footprint to international markets, exporting to countries including Dubai, Nepal, Sri Lanka, and various African nations.
Group Companies
3B Films Limited is part of the 3B Group, which has diversified interests:
- 3B Flexipacks Private Limited: Engaged in thermoforming activities, producing various packaging solutions.
- Mars Engitech Private Limited: Involved in engineering activities, manufacturing products like rotary joints/unions under the brand name “Flowline”.
Recent Developments
- IPO Launch: 3B Films Limited has announced its Initial Public Offering (IPO) on the BSE SME platform, aiming to raise ₹33.75 crore. The IPO is scheduled to open on May 30, 2025, and close on June 3, 2025.
- Capacity Expansion: The company is in the process of doubling its production capacity by installing a new CPP line with an MDO unit, which will enable the production of MOPP and MOPE films, catering to evolving market demands.
Financial Highlights
| Fiscal Year | 2022 | 2023 | 2024 |
| Revenue | ₹68.07 Crores | ₹72.82 Crores | ₹76.40 Crores |
| Profit After Tax | ₹-0.33 Crores | ₹0.92 Crores | ₹4.29 Crores |
| Net Worth | ₹25.71 Crores | ₹26.63 Crores | ₹30.92 Crores |
| Debt | ₹99.33 Crores | ₹98.56 Crores | ₹106.55 Crores |
| Return on Equity | ₹-1.34 Crores | ₹3.45 Crores | ₹13.88 Crores |
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 14.91% |
| ROCE | 8.64% |
| Debt/Equity | 3.45 |
| RoNW | 13.88% |
| PAT Margin | 5.67 |
Objects of the Issue
The Initial Public Offering (IPO) of 3B Films Limited, scheduled from May 30 to June 3, 2025, aims to raise ₹33.75 crore. This comprises a fresh issue of ₹17.76 crore and an offer for sale (OFS) of ₹15.99 crore by the promoters.
- Capital Expenditure: To fund the installation of new machinery and equipment, enhancing the company’s production capacity and technological capabilities.
- Working Capital Requirements: To meet the company’s operational expenses, including procurement of raw materials, inventory management, and other day-to-day business needs.
- General Corporate Purposes: To support the company’s overall business operations, strategic initiatives, and future growth plans.
- Offer Related Expenses: To cover expenses associated with the IPO process, including underwriting fees, legal and regulatory costs, and other administrative expenses.
These objectives are aimed at strengthening 3B Films Limited’s operational infrastructure, supporting its expansion plans, and enhancing its financial flexibility.
Strengths of 3B Films Limited IPO
1) Advanced Manufacturing Facilities
- 3B Films operates a fully automated manufacturing unit equipped with imported machinery from Italy and Germany, ensuring high-quality production standards.
2) Experienced Leadership
- The company is led by seasoned promoters and a skilled workforce with industry-specific expertise, contributing to its operational efficiency.
3) Diverse Product Portfolio
- Offering a wide range of CPP and CPE films, 3B Films caters to various sectors, including food, FMCG, and consumer goods, enhancing its market reach.
4) Strong Client Relationships
- The company has established long-term relationships with clients, including major corporates and MNC converters, ensuring consistent demand for its products.
5) Quality Assurance
- With certifications like ISO 9001:2015 and BRCGS, 3B Films emphasizes quality control, meeting international standards and customer expectations.
6) Research and Development Focus
- Continuous investment in R&D allows the company to innovate and improve its product offerings, maintaining competitiveness in the market.
Risks of 3B Films Limited IPO
1) Debt Obligations
- The company has existing debt obligations and restrictive covenants that may limit its operational flexibility and financial stability.
2) Supply Chain Dependence
- A significant reliance on the top 10 suppliers for raw materials poses a risk; any disruption could impact production and profitability.
3) Raw Material Price Volatility
- Fluctuations in the prices of raw materials and inputs can affect the company’s cost structure and margins.
4) Customer Pricing Pressure
- Pressure from customers to reduce prices may lead to decreased gross margins, affecting overall profitability.
5) Regulatory Compliance Issues
- There have been instances of delays in filing statutory forms and non-compliances with provisions of the Companies Act, 2013, which may attract penalties.
6) Infrastructure Limitations
- Dependence on adequate and uninterrupted supply of electrical power and water is critical; lack of suitable power backup systems may hinder operations.
7) Legal Proceedings
- The company, its promoters, and directors are involved in certain legal proceedings. Adverse outcomes may materially affect business operations.
3B Films Limited Contact Details
📍 Registered Office
SF-220, Pancham Icon
Beside D-Mart, Vasna Road
Vadodara – 390007, Gujarat, India
🏭 Factory / Corporate Office
Block No. 1241–1244
Moje: Masar, Padra–Jambusar Highway
Taluka: Padra, District: Vadodara – 391421, Gujarat, India
📞 Contact Numbers
📧 Email Addresses
- Marketing: marketing@3bfilms.com
- Purchase: purchase@3bfilms.com
- Company Secretary / Investor Relations: cs@3bfilms.com
3B Films Limited IPO Registrar
The registrar for the 3B Films Limited IPO is Maashitla Securities Pvt. Ltd.
🏢 Registrar Contact Details
- Company Name: Maashitla Securities Pvt. Ltd.
- Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi – 110034
- Phone: 011-45121795
- Email: investor.ipo@maashitla.com
- Website: www.maashitla.com
For any queries related to the IPO, such as application status, allotment, or refund, you can reach out to Maashitla Securities Pvt. Ltd. through the contact details provided above.
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