GSM Foils Limited IPO
NSE SMEListed On: May 31, 2024 at ₹ 32.0
₹ 128000 /4000 Shares
Check AllotmentGSM Foils Limited IPO Details
24 May, 2024
Open Date28 May, 2024
Close Date29 May, 2024
Allotment Date31 May, 2024
Listing DateIssue Price
₹32 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdList Price
32.0Listing Date
2024-05-31Market Lot
4000 Shares (₹128,000/-)Lead Manager
Shreni Shares LimitedIssue Size
3,440,000 shares(aggregating up to ₹11.01 Cr)Retail Portion
50%Subscription
253.36 timesGSM Foils Limited IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,632,000 | 1,632,000 | 3,264,000 |
| Day 1 - 24-05-24 06:00 PM | 5.28 x | 31.56 x | 18.43 x |
| Day 2 - 27-05-24 06:00 PM | 30.38 x | 104.10 x | 67.24 x |
| Day 3 - 28-05-24 06:00 PM | 259.62 x | 247.10 x | 253.36 x |
GSM Foils Limited Valuations
EPS Pre IPO
₹1.53/-EPS Post IPO
₹1.30/-P/E Pre IPO
20.98P/E Post IPO
24.64RoNW
98.27%GSM Foils Limited Company Financials All values are in ₹ Lakh
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,438.18 | 1,050.65 | 720.57 |
| Revenue | 6,588.69 | 7,185.04 | 3,646.23 |
| Profit After Tax | 142.97 | 63.65 | 33.93 |
About The Company
GSM Foils Limited manufactures Blister Foils and Aluminium Pharma Foils, also known as Strip Foils, used for packaging pharmaceutical medicines such as capsules and tablets. These foils are primary packaging materials that come into direct contact with the medicine, so utmost care is taken to ensure their quality.
The company has established a manufacturing facility at Sapphire Building in Thane, Vasai, Maharashtra, covering an area of 7,973 square feet across the ground plus 3 floors. The manufacturing facilities are fully equipped with tools, machinery, and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research, storage, and packaging.
The company is ISO 9001:2015 certified company.
The company has a presence across India with clients in 13 states and 1 Union territory in the domestic market.
As of February 28, 2024 the company has 39 employees on payroll basis.
GSM Foils Limited - Promoter(s)
Pre Issue Share Holding: 99.99%
Post Issue Share Holding: 73.14%
Company Promoter(s)
- Mr. Sagar Girish Bhanushali
- Mr. Mohansingh L Parmar
GSM Foils Limited IPO - Issue Objectives
- Funding of capital expenditure towards the purchase of Plant and Machineries.
- Funding Working Capital Requirements of the company.
- General corporate purposes.
Other Details
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane- 401208Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
GSM Foils Limited IPO - FAQs
Ans. GSM Foils Limited IPO is a SME IPO. The issue is priced at ₹32 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on May 24, 2024, and closes on May 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The GSM Foils Limited IPO opens on May 24, 2024 and closes on May 28, 2024.
Ans. The size of GSM Foils Limited IPO is 3,440,000 shares(aggregating up to ₹11.01 Cr).
Ans. The IPO price band is set between ₹32 per equity share.
Ans. To apply for GSM Foils Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find GSM Foils Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of GSM Foils Limited IPO is May 29, 2024.
Ans. The GSM Foils Limited IPO will be listed on May 31, 2024.
Ans. Follow the steps to check the allotment status for GSM Foils Limited IPO here.
