Mumbai (Maharashtra) [India], January 13: Three M Paper Boards Ltd, is a Mumbai based company engaged in the business of manufacturing Recycled Paper-based Coated Duplex Board. Company is providing essential packaging solutions for various sectors such as food and beverage, pharmaceuticals, cosmetics, and consumer goods. It has recently raised Rs. 40 crore through public issue. The IPO was subscribed over 171 times and got listed at 10 per cent premium to the issue price.