GSM Foils Limited

GSM Foils Limited

NSE SME

₹128,000 / 4000 Shares

Offer Date:May 24, 2024 - May 28, 2024
Check Allotment
Share

IPO Details

GSM Foils Limited IPO is priced between ₹32 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Bigshare Services Pvt Ltd is managing the issue as the registrar.

The IPO bidding period opened on 24 May, 2024, and closed on 28 May, 2024. The allotment results will be announced on 29 May, 2024, with a tentative listing date set for 31 May, 2024.

The total issue comprises 3,440,000 shares, amounting to ₹11.01 Cr.

GSM Foils Limited IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
May 24, 2024 - May 28, 202431 May, 2024₹10 Per Equity Share₹32 per equity share- Shares -NSE SME

GSM Foils Limited IPO Timeline

✓
IPO Open Date
24 May, 2024
✓
IPO Close Date
28 May, 2024
✓
Basis of Allotment
29 May, 2024
✓
Listing Date
31 May, 2024

Issue Price

₹32 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

Market Lot

4000 Shares (₹128,000/-)

Lead Manager

Shreni Shares Limited

Issue Size

3,440,000 shares(aggregating up to ₹11.01 Cr)

Retail Portion

50%

Subscription

253.36 times

IPO Docs

DRHP RHP

GSM Foils Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 231438.186588.69142.97---
31 Mar 221050.657185.0463.65---
31 Mar 21720.573646.2333.93---

All values are in ₹ Lakh

GSM Foils Limited IPO Valuations

EPS PRE IPO

₹1.53/-

EPS POST IPO

₹1.30/-

PE PRE IPO

20.98

PE POST IPO

24.64

ROE

23.62%

ROCE

1.60%

DEBT EQUITY

11.13

RONW

98.27%

PAT MARGIN

4.59

PRICE TO BOOK VALUE

1.27

About Company

GSM Foils Limited, incorporated in April 2019, manufactures Blister Foils and Aluminium Pharma Foils, commonly referred to as Strip Foils, for the packaging of pharmaceutical medicines such as capsules and tablets. Being primary packaging materials, they come into direct contact with the medicine, so the utmost care is taken for quality.

The company has put up a manufacturing facility at Sapphire Building in Thane, Vasai, Maharashtra, spread across 7,973 square feet area on ground plus 3 floors. The entire manufacturing facilities have all the requisite tools, machines, and amenity requirements needed to support non-interrupted, hassle-free processes of production, quality testing, research, and storage and packing.

The Company is an ISO 9001:2015 certified company.

The company is present in India. Within the domestic market, it has clients in 13 states and 1 Union territory.

As of February 28, 2024, the company has 39 people on payroll basis.

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GSM Foils Limited IPO Subscription Details

As onQIB/NIIRetailTotal
Shares Offered / Reserved1,632,0001,632,0003,264,000
Day 1 - 24-05-24 06:00 PM5.28 x31.56 x18.43 x
Day 2 - 27-05-24 06:00 PM30.38 x104.10 x67.24 x
Day 3 - 28-05-24 06:00 PM259.62 x247.10 x253.36 x
Total No. of Applications:1,00,816 (Approx)

GSM Foils Limited IPO - Issue 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.
Company Contact Details

GSM Foils Limited

Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane- 401208

Phone: +9184689 68102

Email: investors@gsmfoils.com

Website: https://www.gsmfoils.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html