Monday, October 12
The initial public offering of 3B Films, a manufacturer of high-quality plastic packaging films, opened for subscription on Friday at Rs 50 apiece. 3B Films is looking to raise Rs 33.75 crore though the initial share sale which will remain open until June 3, the company said in a statement. The shares of the company will be listed on the SME platform of the BSE and the investors can bid for a minimum of 3,000 shares and in multiples thereof, it added. The IPO (initial public offering is a combination of fresh issue of 35.52 lakh shares aggregating to Rs 17.76 crore and an offer for sale (OFS) of up to 31.98 lakh shares aggregating to Rs 15.99 crore by its promoters, Ashokbhai Dhanjibhai Babariya, Mukesh Dhanjibhai Babariya and Gulabben Nitin Babariya. Proceeds from the IPO will be utilised
