Three M Paper Boards listed at Rs 76 on the BSE SME platform, 10% above the Rs 69 issue price. Shares had a Rs 30 unlisted market premium and the IPO was subscribed 171 times. Funds will support new machinery, Ratnagiri plant upgrades, low-pressure boiler, working capital, and debt repayment; it makes biodegradable, recycled paper-based products for diverse industries.
