3B Films Ltd, a Gujarat-based manufacturer specializing in Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films, is launching its IPO on May 30, 2025, aiming to raise ₹33.75 crores through a combination of fresh issue and offer for sale.
🏭 Company Overview
Incorporated in 2014, 3B Films Ltd operates from Vadodara, Gujarat, and specializes in manufacturing high-performance CPP and CPE films used in flexible packaging and thermoforming industries. Their product range includes:
- Transparent, metalized, and high-barrier films
- Films used in food, FMCG, apparel, and floral sectors
- Adhesive laminated films (trading initiated in FY 2023-24)
The company holds certifications like ISO 9001:2015 and BRCGS, and exports to countries including the UK, UAE, Africa, and South Asia.
3B Films Ltd IPO Lot Size
| Appy as | Price Band | Lot Size | Share | Appy Upto |
| Retail (Min) | ₹50 | 1 lot | 3,000 shares | ₹1,50,000 |
| Retail (Max) | ₹50 | 1 lot | 3,000 shares | ₹1,50,000 |
| S-HNI (Min) | ₹50 | 1 lot | 6,000 shares | ₹3,00,000 |
📈 IPO Review & Recommendation
🔍 Strengths
Consistent Revenue Growth: Revenue has grown from ₹68.07 Cr in FY22 to ₹76.40 Cr in FY24.
Established Niche: Strong foothold in the manufacturing of CPP and CPE films used across multiple industries like FMCG, textiles, and floriculture.
Export-Oriented: A growing export base in countries like the UK, UAE, Africa, and South Asia.
Certifications: ISO 9001:2015 and BRCGS certified operations enhance credibility and product quality assurance.
Turnaround Performance: Profit turnaround from losses in FY 2022 to ₹4.29 Cr net profit in FY 2024 indicates operational improvements.
⚠️ Risks / Concerns
- High Debt: Debt of over ₹100 Cr remains a concern; post-IPO fund utilization toward working capital and capex may reduce this gradually.
- SME Listing: Limited liquidity and volatility in SME stocks post-listing.
- Narrow Investor Category: Minimum investment is ₹1.5 lakh, which limits retail participation to high-risk-tolerant investors.
- Fixed Price Issue: No price discovery through a book-building process—investors must accept ₹50/share as fixed pricing.
