3B Films Limited is set to launch its initial public offering (IPO) worth ₹33.75 crores, comprising a completely fresh issue of 35.52 lakh equity shares. The IPO opens for subscription on May 30, 2025, and closes on June 3, 2025. The company is gearing up for its listing on the BSE SME platform, scheduled for Friday, June 6, 2025.
The equity shares, with a face value of ₹10, are being offered at an issue price of ₹50 per share, with a lot size of 3,000 shares. Retail investors can apply with a minimum investment of ₹1,50,000 (1 lot), while High Net-worth Individuals (HNIs) can invest starting from ₹3,00,000 (2 lots). Share allotment is expected on June 4, 2025, ahead of the listing. As 3B Films takes this significant step in the specialty packaging films industry, investors have a chance to be part of a growing segment within India's advanced materials and packaging sector.
3B Films Limited IPO is a fundraise worth ₹33.75 crores comprising purely of a fresh issue with 35.52 lakh shares. Retail investors are being offered 50% of the net issue and Non-Institutional Investors (NIIs) / High Net-worth Individuals (HNIs) are being offered 50% of the net issue. The IPO will be available for subscription from May 30, 2025, to June 3, 2025, providing an opportunity for investors looking to gain a stake in the materials and packaging sector.
| 3B Films IPO date | May 30, 2025 - June 3, 2025 |
| Fixed price | ₹50 per share |
| Face value | ₹10 per share |
| Lot size | 3,000 shares |
| Issue type | Fixed Price IPO |
| Fresh issue size | 35,52,000 shares amounting to ₹17.76 crores |
| Total issue size | 67,50,000 shares amounting to ₹33.75 crores |
| Listing at | BSE SME |
| Market maker portion | 3,42,000 shares |
| Shareholding post-issue | 2,47,72,000 shares |
| Shareholding pre-issue | 2,12,20,000 shares |
The 3B Films Limited IPO opens for subscription on May 30, 2025, and closes on June 3, 2025, with allotment scheduled for June 4, 2025.
| IPO open date | May 30, 2025 (Friday) |
| IPO close date | June 3, 2025 (Tuesday) |
| Basis of allotment | June 4, 2025 (Wednesday) |
| Initiation of refunds | June 5, 2025 (Thursday) |
| Credit of shares to Demat account | June 5, 2025 (Thursday) |
| Listing date on BSE SME | June 6, 2025 (Friday) |
| Cut-off time for UPI mandate confirmation | 5 PM on June 3, 2025 (Tuesday) |
Incorporated in 2014 and based in Vadodara, Gujarat, 3B Films Limited specializes in the manufacturing and supply of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films used in packaging and thermoforming applications. The company offers a wide range of films including transparent, metalized, white opaque, retort, anti-fog, easy-peel, and EVOH variants. Backed by advanced facilities and a strong R&D focus, 3B Films is a part of the 3B Group and is known for delivering innovative and specialized packaging solutions to global markets.
With a commitment to continuous innovation, the company serves multiple industries, especially food packaging, and exports to regions such as Dubai, Nepal, Sri Lanka, and various African countries. Building on its early growth, 3B Films expanded its production capabilities by installing advanced imported machinery, effectively doubling its monthly capacity to 750 metric tons (9,000 MT annually). The addition of a Machine Direction Orientation (MDO) unit has further diversified its product offerings.
3B Films Limited plans to utilize the net proceeds from its IPO for multiple strategic purposes, including capital expenditure amounting to ₹44.32 million, meeting working capital requirements of ₹71.50 million, allocating ₹44.35 million towards general corporate purposes, and covering fresh offer-related expenses estimated at ₹17.43 million.
| Period Ended | December 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 57.18 | 76.40 | 72.82 | 68.07 |
| Assets | 152.89 | 144.84 | 133.04 | 130.74 |
| Net Worth | - | 30.91 | 26.60 | 25.67 |
| Profit After Tax | 4.20 | 4.29 | 0.92 | -0.34 |
| Reserves & Surplus | - | 9.70 | 5.41 | 4.49 |
| Total Borrowing | - | 106.55 | 98.56 | 99.33 |
Amount in ₹ crore
3B Films Limited operates a fully automated manufacturing facility equipped with advanced imported machinery from Italy and Germany, aimed at minimizing waste and maximizing production efficiency. These state-of-the-art systems enhance precision and consistency in the manufacturing of CPP and CPE films, enabling the company to cater to a wide range of industry applications with high-quality output. By owning and managing its entire production lifecycle—from raw material sourcing to final delivery—the company maintains operational control and efficiency. Its strategically located unit, well-connected by highways and airports, supports timely, cost-effective distribution while reducing reliance on external vendors.
The company offers a diverse portfolio of CPP and CPE films, including clear, metallised, specialty, and high-performance variants, and collaborates closely with clients to provide customized solutions that meet specific technical and regulatory requirements. With long-standing relationships in the domestic market and a growing international footprint, 3B Films has steadily expanded its presence. It maintains a dedicated quality division with skilled technicians overseeing in-process and final inspections and operates in-house R&D labs focused on developing innovative materials and packaging technologies. The company holds ISO 9001:2015 certification for quality management and ISO 22000:2018 for food safety. Financially, it has shown consistent growth, with revenue rising from ₹67.38 crore in FY22 to ₹71.80 crore in FY23 and ₹75.75 crore in FY24.
3B Films Limited, along with its promoters and directors, is currently involved in various ongoing legal proceedings, including criminal and tax-related matters. Any unfavorable verdicts in these cases could negatively impact the company’s business outlook. The company also faces significant customer concentration risk, with the top five customers contributing 73.53% of revenue in the period ending December 31, 2024, and similarly high percentages in previous years. Losing any of these key clients or failing to diversify its customer base could severely affect its revenue and financial stability. As of December 31, 2024, the company reported contingent liabilities of ₹20.73 crore, which, if realized, could impact its financial health. Additionally, past delays in statutory obligations like EPF payments and GSTR-3B filings may lead to penalties and strain financial resources.
The company has reported continuous negative cash flows from investing and financing activities in recent years, indicating potential liquidity concerns if the trend continues. It operates a single manufacturing unit in Vadodara, Gujarat, making it vulnerable to regional disruptions. A significant portion of its revenue (over 50%) also originates from Gujarat, increasing its exposure to local political, economic, or social risks. With imports forming a large share of purchases and exports contributing notably to turnover, the company is exposed to foreign exchange fluctuations, particularly between the Indian rupee and the US dollar. Supplier concentration is another risk, as the top five suppliers accounted for over 80% of total purchases in the most recent period. Furthermore, the company’s outstanding debt of ₹101.43 crore, as of December 31, 2024, poses a financial risk if repayment or servicing obligations are not met on time.
Investing early in the IPO of 3B Films Limited may offer an opportunity to be part of the company’s growth journey, particularly in the evolving biofuels segment. However, potential investors should thoroughly evaluate several aspects, including the company’s operational history, financial performance, industry outlook, and future strategy. It's important to align this assessment with personal investment goals and risk tolerance. Reviewing the offer document in detail and consulting a financial advisor is strongly recommended to make a well-informed investment decision.
What is the 3B Films Limited IPO?
The 3B Films Limited IPO is an BSE SME offering consisting of 35.52 lakh equity shares with a face value of ₹10, aiming to raise ₹17.76 crore. The issue price has been set to ₹50 per share, with a minimum order quantity of 3,000 shares. This IPO will be open for subscription from May 30, 2025, to June 3, 2025. Nirbhay Capital Services Private Limited is the book-running lead manager, Maashitla Securities Private Limited is the registrar.
When will the 3B Films IPO open?
The 3B Films Limited IPO will open for subscription on May 30, 2025, and will close on June 3, 2025.
When is the 3B Films IPO listing date?
The tentative listing date for the 3B Films Limited IPO is Friday, June 6, 2025.
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