Mumbai (Maharashtra) [India], July 2: Three M Paper Boards Ltd, a Mumbai based company engaged in the business of manufacturing Recycled Paper-based Coated Duplex Board products since over 3 decades, is planning to raise up to Rs. 40 crores through its SME IPO. The company has received approval to launch its public issue on SME platform of BSE Ltd (BSE SME). The Coated Duplex Boards produced by the company are made from 100% recycled wastepaper and are fully biodegradable, making them an eco-friendly choice for packaging various FMCG and pharmaceutical goods. Comfort Securities Limited is the Book Running Lead Manager to the issue.