Current Infraprojects IPO...
20 Aug, 2025
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
GSM Foils Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 4000 Shares |
| Total Issue Size | 3,440,000 shares (aggregating up to ₹11.01 Cr) |
| Fresh Issue | 3,440,000 shares (aggregating up to ₹11.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,371,649 |
| Share holding post issue | 12,811,649 |
| Market Maker portion | 176,000 shares Shreni Shares |
GSM Foils Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
GSM Foils Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| HNI (Min) | 2 | 8,000 | ₹256,000 |
GSM Foils Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.14% |
Competitive Strength:
- -
GSM Foils Limited IPO Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
-
What is Quality Foils (India) Ltd. IPO?
Quality Foil (India) Ltd. IPO of ₹4.52 crore is a fixed price issue. The IPO share price is fixed at ₹60 with a lot size of 2000 equities per lot. The subscription window will open on March 14, 2023.
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When will Quality Foils (India) Ltd. Is IPO allotment available?
The basis of the allotment date is March 21, 2023.
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What will be the Quality Foils (India) Ltd. IPO lot size?
One lot of Quality Foils (India) Ltd. IPO has 2000 shares.
-
When will Quality Foils (India) Ltd. IPO open for subscription?
The IPO will open on March 14, 2023.
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When will Quality Foils (India) Ltd. list on exchanges?
The listing date of Quality Foils (India) Ltd. on BSE SME is March 24, 2023.
