3B Films Limited IPO

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The company is engaged in the manufacturing and supply of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films, catering to the evolving requirements of the flexible packaging industry and high-end thermoforming applications. By delivering customized, innovative, and performance-oriented packaging solutions, they serve a diverse range of industries including:
i. Food & Beverage                                         ii. Textiles & Apparel
iii. Floriculture                                                iv. Consumer Durables

Diversification into Adhesive Laminated Films

Recognizing the growing demand for adhesive laminated films, their company initiated trading operations in FY 2023–24 and achieved a notable turnover of ₹22.59 crore in its first year of this vertical. To further capitalize on this opportunity:
i. The company has planned capital investments to install adhesive lamination machinery within its existing manufacturing facility.
ii. This will allow them to backward integrate and expand their product portfolio in alignment with market trends and customer demands.

Sustainable Manufacturing: Waste Reprocessing into Granules

They reprocess scrap generated during CPP & CPE film production into reusable plastic granules. These granules are:
i. Sold in the open market
ii. Used as raw materials in other industries, minimizing environmental impact

Their company is a specialized, growth-oriented player in the flexible packaging industry, offering CPP and CPE films as core products and strategically expanding into adhesive laminated films. Backed by strong R\&D capabilities, a sustainable recycling model, and advanced manufacturing infrastructure, they are well-positioned to meet diverse client needs across industries.

Objects of the 3B Films Limited IPO:

IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Capital Expenditure. ii. Working Capital Requirements. iii. General Corporate Purposes. iv. Fresh Offer related expenses. Total number of shares issue :- i. Fresh issue is 35,52,000 shares. ii. Offer for sale is 31,98,000 shares.
DRHP of 3B Films Limited IPO
RHP of 3B Films Limited IPO

3B Films Limited IPO Details:

Open Date: May 30 2025
Close Date: Jun 03 2025
Total Shares: 67,50,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 33.75 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 50 Per Equity Share
Listing At: BSE SME
Listing Date: Jun 06 2025

Promoters And Management:

Ashokbhai Dhanjibhai Babariya, aged 54, is the Chairman, Managing Director, and Promoter of the Company. A Bachelor of Engineering (Electronics) from Bangalore University, he has over 30 years of entrepreneurial experience. With more than a decade in CPP and CPE film manufacturing, he previously worked in diamond trading (12 years at Hans Export) and real estate (7 years at Yesha Realty). He also serves as a Director at Mars Engitech Pvt. Ltd., a rotary joints manufacturer. Dishank Nitin Babariya, aged 23, is the Whole-time Director and Promoter of the Company. A gold medallist in B.Tech Polymer Engineering (2019–23) from MIT Pune, he joined the company on February 22, 2024, after gaining hands-on experience across various functions. A member of the Society of Plastic Engineers since 2021, Dishank currently leads business development, marketing, and operational optimization, bringing youthful energy and strategic insight to the leadership team. Mukesh Dhanjibhai Babariya, aged 50, is a Non-Executive Director and Promoter of the Company. With over 25 years of entrepreneurial experience, he holds an H.S.C. from Gujarat Board and is an Overseas Citizen of India, currently holding a Belgium passport. Mukesh has worked across diamond trading, packaging, and infrastructure development for over a decade. As a founding promoter, he has been instrumental in the company’s growth and was previously a Partner at Mahalaxmi Group, contributing to construction projects in Surat.

Financials of 3B Films Limited IPO:

In crores
Particulars Dec 31, 2024 March 31, 2024 March 31, 2023  March 31, 2022 
Revenue from Operations 56.79 75.74 71.79 67.37
EBITDA 11.96 14.99 9.90 7.97
EBITDA Margins 21.06% 19.79% 13.80% 11.83%
EBIT (Operating Profit) 9.43 11.87 6.63 4.78
PAT 4.20 4.29 0.91 -0.34
PAT Margins 7.40% 5.67% 1.28% -0.51%
ROCE 6.91% 8.64% 5.30% 3.82%
Debt to Equity Ratio 2.89 3.45 3.70 3.86
CFOA 13.76 1.63 3.32 -3.20

Comparison With Peers:

As per RHP, no listed peers of the company.

Recommendation on 3B Films Limited IPO:

Review and Recommendation of 3B Films Limited IPO by team IZ is 3/10.

Lead Manager of 3B Films Limited IPO:

  1. Nirbhay Capital Services Private Limited

Registrar of 3B Films Limited IPO:

  1. Maashitla Securities Pvt. Limited

Company Address:

3B Films Limited SF 220, Pancham Icon, Besides D-Mart, Vasna Road Phone: +91-6359 632600 Email: cs@3bfilms.com Website: http://www.3bfilms.com/

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