3B Films Ltd. IPO

The Indian plastic industry is one of the leading sectors in the country’s economy. The history of the plastic industry in India dates back to 1957 with the production of polystyrene. Since then, the industry has made substantial progress and has grown rapidly. The industry is present across the country and has more than 2,500 exporters. It employs more than 4 million people in the country and constitutes 30,000 processing units; among these, 85-90% belong to small and medium enterprises. India manufactures various products such as plastics and linoleum, houseware products, cordage, fishnets, floor coverings, medical items, packaging items, plastic films, pipes, raw materials, etc. The country majorly exports plastic raw materials, films, sheets, woven sacks, fabrics, and tarpaulin. The Government of India intends to take the plastic industry from a current level of Rs. 3 lakh crore (US$ 37.8 billion) of economic activity to Rs. 10 lakh crore (US$ 126 billion) in 4-5 years.

10 Plastic Parks have been approved in the country by The Department of Chemicals and Petrochemicals. Among these, six plastic parks have received final approval from the following states – Madhya Pradesh (two parks), Assam (one park), Tamil Nadu (one park), Odisha (one park), and Jharkhand (one park). These parks are intended to boost employment and attain environmentally sustainable growth.

Our Company was originally incorporated as “3B Films Private Limited” a private limited company under the Companies Act, 2013 with the Registrar of Companies (“ROC”), Gujarat pursuant to Certificate of Incorporation dated September 03, 2014. Subsequently, our Company was converted into Public Limited Company and name of company was changed from “3B Films Private Limited” to “3B Films Limited” pursuant to a special resolution passed by our shareholders at the Extra Ordinary General Meeting held on March 14, 2024 and a fresh certificate of incorporation was issued by the Central Processing Centre, Manesar dated June 21, 2024. The CIN of the Company is U25200GJ2014PLC080685.