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3B Films IPO Opens at ₹50 a Share; Grey Market Premium at ₹3

Subscription closes on June 3 before the issue lists on the BSE SME platform on June 6.

3B Films IPO
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Overview

  • The offer combines a fresh issue of 35.52 lakh shares worth ₹17.76 crore and a promoter offer-for-sale of 31.98 lakh shares valued at ₹15.99 crore.
  • Proceeds will be used to fund planned capital expenditure, boost working capital and cover general corporate purposes.
  • 3B Films posted a FY24 profit after tax of ₹4.29 crore versus ₹91.76 lakh in FY23, with revenue rising 5.5% to ₹75.75 crore.
  • Half of the net issue is reserved for retail investors, who must bid for at least one lot of 3,000 shares.
  • Grey market trades on May 30 reflected a ₹3 premium, implying a potential listing price around ₹53 per share.