3B Films IPO Fully Subscribed on Day 2, Driven by Robust Retail Participation

Vadodara, June 2, 2025 — The SME initial public offering (IPO) of 3B Films Limited has been fully subscribed on the second day of bidding, with retail investors leading the charge. The strong response underscores investor confidence in the company's growth prospects within the flexible packaging industry.

IPO Overview

3B Films Limited, based in Vadodara, specializes in the manufacturing and supply of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films. These products cater to diverse sectors, including food and beverage, clothing, and consumer goods, offering solutions ranging from high-clarity films for premium packaging to high-barrier films for extended shelf life.

The company's IPO is a fixed price issue, listed on the BSE SME platform, with Nirbhay Capital Services Private Limited acting as the lead manager and Maashitla Securities Private Limited serving as the registrar.

Subscription Details

On the second day of bidding, the IPO witnessed full subscription, primarily driven by retail investors. The enthusiastic participation reflects the market's positive sentiment towards the company's business model and growth trajectory.

"The full subscription on Day 2, especially led by retail investors, indicates strong trust in 3B Films' operational capabilities and future plans," said Anjali Mehta, Senior Analyst at InvestRight Securities.

Grey Market Premium (GMP) Insights

The Grey Market Premium (GMP) for 3B Films' IPO stands at ₹15, suggesting a potential listing price of ₹115 against the issue price of ₹100. This premium indicates healthy demand in the unofficial market, often seen as a barometer for listing day performance.

"A GMP of ₹15 reflects strong investor appetite and bodes well for the stock's debut," noted Rajiv Sharma, Market Analyst at EquityPulse.

Note: GMP is an unofficial indicator and should be considered alongside fundamental analysis.

Company Financials and Growth Prospects

In the fiscal year 2023-24, 3B Films reported a revenue of ₹48.93 crore and a net profit of ₹4.89 crore. The company has also ventured into trading adhesive laminated films, recording a turnover of ₹22.59 crore in its first financial year.

Additionally, 3B Films engages in recycling scrap generated during manufacturing into granules, contributing to a circular economy and enhancing profitability. In FY 2023-24, sales from reprocessed material amounted to ₹4.64 crore.

"3B Films' commitment to sustainability through recycling initiatives not only reduces waste but also adds a revenue stream, showcasing innovative operational strategies," commented Priya Desai, ESG Consultant at GreenInvest Advisors.

Industry Context

The flexible packaging industry in India is experiencing significant growth, driven by increasing demand in sectors like food and beverage, pharmaceuticals, and consumer goods. 3B Films' diversified product portfolio positions it well to capitalize on these expanding markets.

"With the packaging industry's shift towards sustainable and high-performance materials, companies like 3B Films are poised for substantial growth," stated Vikram Patel, Industry Expert at PackTech Insights.

Investor Outlook

The successful subscription of 3B Films' IPO, coupled with a positive GMP, indicates strong market confidence. Investors are optimistic about the company's growth prospects, especially given its focus on innovation and sustainability.

"Investors are increasingly looking for companies that combine profitability with environmental responsibility. 3B Films fits this criterion, making it an attractive investment," observed Neha Kapoor, Portfolio Manager at FutureGrowth Capital.

Conclusion

3B Films Limited's IPO achieving full subscription on the second day, led by retail investors, highlights the company's strong market positioning and investor trust. As the flexible packaging industry continues to evolve, 3B Films' commitment to innovation and sustainability positions it for sustained growth.