Quality Foils (India) Limited
NSE SME₹120,000 / 2000 Shares
IPO Details
Quality Foils (India) Limited IPO is priced between ₹60 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 14 Mar, 2023, and closed on 16 Mar, 2023. The allotment results will be announced on 21 Mar, 2023, with a tentative listing date set for 24 Mar, 2023.
The total issue comprises 754,000 shares of ₹10, amounting to ₹4.52 Cr.
Quality Foils (India) Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Mar 14, 2023 - Mar 16, 2023 | 24 Mar, 2023 | ₹10 Per Equity Share | ₹60 per equity share | - | Shares | - | NSE SME |
Quality Foils (India) Limited IPO Timeline
Issue Price
₹60 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Pvt LtdMarket Lot
2000 Shares (₹120,000/-)Lead Manager
Khambatta Securities LimitedIssue Size
754,000 shares of ₹10(aggregating up to ₹4.52 Cr)Retail Portion
N/ASubscription
364.38 timesQuality Foils (India) Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sept 22 | 7135.21 | 10471.59 | 205.99 | - | - | - |
| 31 Mar 22 | 7834.55 | 18030.63 | 161.88 | - | - | - |
| 31 Mar 21 | 6536.53 | 12436.67 | 95.86 | - | - | - |
| 31 Mar 20 | 6606.53 | 15210.77 | 107.87 | - | - | - |
All values are in ₹ Lakh
About Company
Incorporated in 1990, Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes.
The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar to produce its products.
Quality Foils is among India's prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes. The entity has experience of over three decades in the manufacturing of stainless steel products.
The deliverables of Quality Foils (India) Limited are offered under the brand name Quality. The products of the company are further used in the manufacturing of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses.
Further, these are used for Automobile components and Flexible Hose pipes for major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistance, exhaust systems of steel, power, petrochemical, sugar, automobile, and many other heavy engineering sectors.
Quality Foils (India) Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 358,000 | 358,000 | 716,000 |
| Day 1 - 14-03-23 06:00 PM | 10.68 x | 7.97 x | 10.32 x |
| Day 2 - 15-03-23 06:00 PM | 54.04 x | 43.42 x | 49.73 x |
| Day 3 - 16-03-23 06:00 PM | 469.12 x | 259.65 x | 364.38 x |
Quality Foils (India) Limited IPO - Issue Objectives
- Funding capital expenditure requirements towards purchase of machinery
- To meet the working capital requirements of the Company
- General Corporate Purpose
- To meet the Issue Expenses