3B Films Limited (BSE SME)

IPO Reservation

3B Films IPO Details

Company Financials In Crores

Company Profile: 3B Films Limited

Incorporation: 2014 | Headquarters: Vadodara, Gujarat, India
Specialization: Manufacturing and supplying Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films for packaging and thermoforming applications.
Parent Group: Part of the 3B Group, with a focus on R&D-driven innovation in specialty films.

Product Portfolio

1. CPP Films

   • Properties: High clarity, strong seals, moisture resistance, durability.

   • Applications: Candy wraps, food sealing, specialty packaging.

   • Variants: Transparent, metalized, white opaque, retort, anti-fog, easy-peel, EVOH films.

2. CPE Films

   • Properties: Excellent clarity, toughness, cold resistance.

   • Applications: Pouching, food packaging, overwrapping, rice bags, electronic device protection.

Business Highlights

• Production Capacity:

  • 750 MT/month (9,000 MT/year) after capacity expansion.

  • MDO Unit: Enhances product range and versatility.

• Global Reach: Exports to Dubai, Nepal, Sri Lanka, and African markets.

• Industries Served: Food packaging, thermoforming, and niche packaging solutions
   

  Key Observations:

  1. Capital Expenditure (₹44.32M): Likely for expanding production facilities, equipment, or infrastructure.

  2. Working Capital (₹71.50M): To fund day-to-day operations, inventory, and short-term liabilities.

  3. General Corporate Purposes (₹44.35M): Flexible use (debt repayment, R&D, acquisitions, etc.).

  4. IPO Expenses (₹17.43M): Covers underwriting, legal, regulatory, and marketing costs.

  Total Proceeds Utilization:

  ₹177.60 Million (sum of all allocations).

Strength

Advanced Manufacturing Setup – Equipped with modern machinery and an in-house MDO unit to support high-quality, diversified film production.

Skilled Leadership & Workforce – Led by an experienced management team with a committed and technically sound workforce.

Self-Reliant Operations – Own manufacturing unit enables end-to-end control over production, ensuring consistency and efficiency.

Weakness

Raw Material Dependency – Price volatility or supply disruptions of packaging materials may impact profitability and operations.

Legal Proceedings – Ongoing cases involving the company, promoters, or directors could negatively affect business and financial performance.

Infrastructure Reliance – Lack of power backup and dependency on continuous power and water supply may limit production capacity and affect operations.