GSM Foils Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 24, 2024 to May 28, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 32 per share |
| Lot Size | 4,000 Shares |
| Total Issue Size | 34,40,000 shares (aggregating up to ₹ 11.01 Cr) |
| Fresh Issue | 34,40,000 shares (aggregating up to ₹ 11.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 93,71,649 |
| Share holding post issue | 1,28,11,649 |
| Market Maker portion | 1,76,000 shares Shreni Shares |
About GSM Foils Limited IPO
GSM Foils is engaged in manufacturing a broad array of Blister Foils and Aluminum Pharma Foils. They have gained wide market popularity as their raw materials are obtained from reliable vendors of the industries. Over the past few years they have acquired definite know-how in different types of foils used in pharmaceutical companies. The products are highly cherished for the abrasion resistance, high tensile strength, durability, bond strength, sealing strength. GSMFL is offering products which are quality tested as per industrial standards. The company has invested in modernized manufacturing techniques and has presented a wide assortment of highly demanded products, including high quality Blister Foils and Strip Pharma Foils.
They work with the ethos of integrity and strive to become one of the most trusted entities that deliver promised quality with the offered products in addition to the exclusive benefits of abrasion resistance, high tensile strength, durability, bond strength and superior sealing strength. GSM Foils IPO is a fixed price issue of Rs 11.01 crores. The issue is entirely a fresh issue of 34.4 lakh shares. GSM Foils IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹256,000. Shreni Shares Limited is the book running lead manager of the GSM Foils IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for GSM Foils IPO is Shreni Shares.
Objectives of GSM Foils IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Funding of capital expenditure towards the purchase of Plant and Machineries.
- 2. Funding Working Capital Requirements of the company.
- 3. General corporate purposes.
GSM Foils IPO Review
The company is operating in a highly competitive segment that also faces volatility in commodity prices. The company has posted inconsistency in its top and bottom lines. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term.
GSM Foils Limited IPO Financial Information
Latest Revenue
2,717.87
₹ Crore
Profit After Tax
124.79
₹ Crore
Net Worth
126.99
₹ Crore
Total Borrowing
1,412.95
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 2,208.18 | 2,717.87 | 124.79 | 126.99 | 1,412.95 | ||||
| 31 Mar 2023 | 1,438.18 | 6,588.69 | 142.97 | 835.73 | 242.43 | ||||
| 31 Mar 2022 | 1,050.65 | 7,185.04 | 63.65 | 659.06 | 219.20 | ||||
| 31 Mar 2021 | 720.57 | 3,646.23 | 33.93 | 657.82 | — | ||||
| Amount in ₹ Crore | |||||||||
GSM Foils Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.62% |
| ROCE | 1.60% |
| Debt/Equity | 11.13 |
| RoNW | 98.27% |
| P/BV | 1.27 |
| PAT Margin (%) | 4.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.53 | 1.3 |
| P/E (x) | 20.98 | 24.64 |
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Competitive Strengths
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GSM Foils Limited IPO Timeline
| IPO Open Date | Friday, May 24, 2024 |
| IPO Close Date | Tuesday, May 28, 2024 |
| Basis of Allotment | Wednesday, May 29, 2024 |
| Initiation of Refunds | Thursday, May 30, 2024 |
| Credit of Shares to Demat | Thursday, May 30, 2024 |
| Listing Date | Friday, May 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| HNI (Min) | 2 | 8,000 | ₹256,000 |