B&B Triplewall IPO – Review, Allotment, Subscription, GMP & DRHP

B&B Triplewall Limited originally incorporated as MNM Triplewall Containers Private Limited at Bangalore, Karnataka is engaged in manufacturing of corrugated boxes and corrugated sheets. B&B Triplewall IPO comprises of 55,53,000 Equity Shares of Rs. 10.00 each fully paid-up.

Let’s have a detailed review of the company and analytics of the B&B Triplewall IPO release date, IPO offer price, subscription, B&B Triplewall IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


B&B Triplewall IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of B&B Triplewall Limited  IPO

B&B Triplewall IPOB&B Triplewall Limited engaged in manufacturing of corrugated boxes and corrugated sheets. The Issue comprises of a Public Issue of 55,53,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per Equity Share aggregating upto Rs. 1,999.08 Lakh.

From FY 2013-14 to FY 2017-2018, as per the Restated Financial Statements,

  • The total revenue has shown growth from Rs. 3,162.48 Lakh to Rs. 16,697.19 Lakh, representing a CAGR of 39.48%.
  • The EBITDA has shown growth from Rs. 344.42 Lakh to Rs. 1,826.14 Lakh, representing a CAGR of 39.60%
  • The Net worth as per Restated Financial Statement as at March 31, 2018 and March 31, 2017 was Rs. 2,285.82 Lakh and Rs. 1,957.75 Lakh respectively.
  • The profit after tax has shown growth from Rs. 67.23 Lakh to a profit of Rs. 457.01 Lakh representing a CAGR of 46.71%.

The Promoter of this company is Mr. Manish Kumar Gupta, Mr. Ravi Agarwal, Mr. Alok Agarwal, Mr. Manish Bothra, Mr. Amit Agarwal, Mr. Sidharth Agarwal, Mr. Nishant Bothra. The lead manager to the issue is Gretex Corporate Services Private Limited and the Registrar to this issue is Purva Sharegistry (India) Private Limited.


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B&B Triplewall IPO Date

The opening and the closing date of B&B Triplewall Limited IPO is 28 Sept 2018 – 5 Oct 2018.


B&B Triplewall IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


B&B Triplewall IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


B&B Triplewall IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


B&B Triplewall IPO Equity Share Offering

55,53,000 Equity Shares of Rs 10/- each. Each Equity Share is being issued at a cash price of Rs.36.00 each and is 3.6 time of Face Value.


B&B Triplewall Limited – Company Overview

B&B Triplewall Limited was converted into a public limited Company pursuant to a special resolution passed by the members at their meeting held on May 14, 2018 and the name of the Company was changed to B&B Triplewall Containers Limited vide a Fresh Certificate of Incorporation on June 13,2018.

The Company engaged in manufacturing of corrugated boxes and corrugated sheets. The manufacturing facility is divided into 2 units, both the units are engaged in manufacturing of corrugated sheets and boxes. We mainly cater to the packaging industry and have been able to develop a loyal clientele network consisting of various packaging companies and MNC’s. Currently they are operating in domestic markets with the products being supplied on a PAN India basis.

B&B Triplewall Containers Limited Manufacturing Unit

The manufacturing facilities are divided into two units. Unit I is located at Bangalore, Karnataka and Unit III is situated at Krishnagiri, Tamil Nadu. Whereas, Unit II was given on Lease. Their manufacturing facilities are well equipped with required facilities including machinery, conveyor belt, other handling equipments to facilitate smooth manufacturing process. They endeavour to maintain safety in the premises by adhering to key safety norms. They ensure timely delivery of the products and to ensure easy logistics.

The Company is promoted by Mr. Manish Kumar Gupta, Mr. Ravi Agarwal, Mr. Alok Agarwal, Mr. Manish Bothra, Mr. Amit Agarwal, Mr. Sidharth Agarwal, Mr. Nishant Bothra and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of B&B Triplewall Limited:

  • Experienced Senior Management / Management expertise.
  • Fully Automated Unit.
  • History of repeat orders.
  • Established Marketing Setup.
  • Quality Assurance.
  • Strong operating base.

Business strategies of B&B Triplewall Limited:

  • Enhancing the customer base
  • Improving functional efficiencies
  • Quality Products
  • Expand the domestic geographical reach through marketing network.

B&B Triplewall Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 9625.45 8254.71 4917.14 2534.98 2275.11
Total Revenue 16697.19 10,195.43 10,175.83 4,504.14 3,162.48
Total Expense 16,121.56 10,036.09 9,739.96 4,299.49 3,073.39
Profit After Tax 457.01 166.5 192.86 127.6 67.23

Earnings per Equity Share (in Lakhs)

31-Mar-18 31-Mar-17 31-Mar-16
Basic & Diluted 12.22 44.88 103.31

From the above statements, one could find that the B&B Triplewall Limited may perform well.


B&B Triplewall IPO – Promoters

The Promoter of this company are:

  1. Mr. Manish Kumar Gupta,
  2. Mr. Ravi Agarwal,
  3. Mr. Alok Agarwal,
  4. Mr. Manish Bothra,
  5. Mr. Amit Agarwal,
  6. Mr. Sidharth Agarwal,
  7. Mr. Nishant Bothrai

List of Related Parties (Key Managerial Personnel)

  • Mr. Manish Kumar Gupta,
  • Mr. Ravi Agarwal,
  • Mr. Alok Agarwal,
  • Mr. Manish Bothra,
  • Mrs. Rashi Agarwal
  • Mr. Sidharth Agarwal

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


B&B Triplewall IPO Offer Details or Issue Details

 Particulars  No. Of Equity Shares
 Equity Shares Offered 55,53,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
Equity Share aggregating upto Rs. 1,999.08 Lakh
 Of which:
 Reserved for Market Makers 2,79,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
Equity Share aggregating to Rs. 100.44 Lakh
 Net Issue to the Public 52,74,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
Equity Share aggregating to Rs. 1,898.64 Lakh
 Of which:
 Retail Investors Portion 26,37,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
Equity Share aggregating to Rs. 949.32 Lakh
 Non-Retail Investors Portion 26,37,000 Equity Shares of Rs. 10.00 each fully paid-up of the Company for cash at a price of Rs. 36.00 per
Equity Share aggregating to Rs. 949.32 Lakh
 Equity Shares outstanding prior to the Issue 1,49,58,240 Equity Shares of Rs. 10.00 each
 Equity Shares outstanding after the Issue 2,05,11,240 Equity Shares of Rs. 10.00 each

B&B Triplewall IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company:
  •  General Corporate Purposes

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B&B Triplewall IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Senior Management / Management expertise.
  • Fully Automated Unit.
  • History of repeat orders.
  • Established Marketing Setup.
  • Quality Assurance.
  • Strong operating base.

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)(Pre-Bonus) NAV (Rs.)(Post-Bonus)
31-Mar-16 103.31 14.86 373.36 373.36
31-Mar-17 44.88 8.50 523.52 523.52
31-Mar-18 12.22 19.99 61.13 61.13
  • Industry P/E Ratio:
Particulars P/E ratio
P/E ratio based on the Basic & Diluted EPS, as adjusted for FY 2017-18 2.95
P/E ratio based on the Weighted Average EPS, as adjusted for FY 2017-18 0.94
  • Competitive Peers:
Particulars Face Value (in Rs.) EPS     (In Rs.) P/E Ratio RONW (%)  NAV (In Rs.)
B&B Triplewall Containers Limited 1.00 12.22 2.95 19.99 61.13
Worth Peripherals Limited* 1.00 4.92 19.70 4.28 41.40

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B&B Triplewall IPO Lead Managers

Lead Managers
GRETEX CORPORATE SERVICES PRIVATE LIMITED
102, 1st Floor, Atrium-2, Behind Coutyard Marriott Hotel,
Andheri Kurla Road, Hanuman Nagar, Andheri- East,
Mumbai-400093, Maharashtra
Tel. No.: +91-22 -67086181/ 9836822199
Fax No.: +91-22-67086181
Email:
Website:www.gretexcorporate.com
Contact Person: Ms. Amina Khan
SEBI Registration No: INM000012177

B&B Triplewall IPO Registrar to offer

Registrar to the Offer
Purva Sharegistry (India) Private Limited
Unit no. 9, Shiv Shakti Ind. Estt., J.R. Borichamarg,
Opp. Kasturba, Hospital Lane, Lower Parel (E),
Mumbai – 400011, Maharashtra, India
Tel.No: +91 22-2301 6761/ 8261
Fax No: +91 22 2301 2517
E-mail : /
Website:www.purvashare.com
Contact Person: Ms. Deepali Dhuri / Ms. Purva Shah
SEBI Registration No:INR000001112

Other Details:

  • Statutory Auditor – M/s. Sharma & Pagaria, Chartered Accountants
  • Peer Review Auditor – M/s. Doshi Maru & Associates,Chartered Accountantsts
  • Bankers to the Company –  State Bank of India

B&B Triplewall IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10

B&B Triplewall IPO Grey Market Premium

The B&B Triplewall IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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B&B Triplewall IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


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