GSM FOILS IPO Details Today : GSM FOILS IPO is Open on 24 May 2024 and Close on 28 May 2024. GSM FOILS IPO to Raise 3,440,000 shares (Approx ₹11.01 Cr) via IPO. The Fresh issue of 3,440,000 shares (Approx ₹11.01 Cr).
Company Incorporated in 2019 GSM Foils Limited is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils”) which is used in packing of pharmaceutical medicines which includes capsules and tablets both. This is a primary packaging material which comes in direct contact with the medicine, hence, utmost care is taken with regards to its quality.
we have acquired definite know how in different types of foils used in pharmaceuticals companies. We offer Aluminium foils in different sizes, shapes and thickness to meet diverse needs of our clients. Aluminium Foil or Strip Foils are one of the packaging options for highly sensitive pharmaceutical products that protects the medicines from oxygen, moisture, and other environmental influences.
GSM Foils IPO Date & Price Band Details
IPO Open Date
24 May 2024
IPO Close Date
28 May 2024
IPO Size
3,440,000 shares (Approx ₹11.01 Cr)
Fresh Issue
3,440,000 shares (Approx ₹11.01 Cr)
Lot Size
4000 Shares
IPO Face Value
₹10 Per Equity Share"
IPO Price Band
₹32 Per Every Share
IPO Listing On
NSE SME
IPO Retail Quota
50%
IPO QIB Quota
-%
IPO NII Quota
50%
DRHP Draft
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Anchor Investor
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GSM Foils IPO Market Lot Details
Application
Lot Size
Shares
Amount
Retail Minimum
1
4000
₹128,000
Retail Maximum
1
4000
₹128,000
S-HNI Minimum
2
8000
₹256,000
Object of the Issue
1. Funding of capital expenditure towards purchase of Plant and Machineries.
2. Funding Working Capital Requirements of our Company.
3. General corporate purposes.
GSM Foils IPO Allotment & Listing Date (Details)
IPO Open Date
24 May 2024
IPO Close Date
28 May 2024
Basis of Allotment
29 May 2024
Refunds
30 May 2024
Credit to Demat Account
30 May 2024
IPO Listing Date
31 May 2024
GSM Foils Financial Reports
₹ in Crores
Year
Revenue
Expense
PAT
Dec 2023
₹27.18
₹25.51
₹1.25
2023
₹65.89
₹63.57
₹1.43
2022
₹71.85
₹70.89
₹0.64
2021
₹36.46
₹35.95
₹0.34
Our Company Promoter
- Mr. Sagar Girish Bhanushali
- Mr. Mohansingh L Parmar
Qualitative Factors
- Cost effective production and timely fulfilment of orders.
- Experienced Promoters and management team.
- Well Equipped Manufacturing Facility.
- Quality assurance and standards.
- Wide range of our products.
- Well established relationship with clients.
GSM Foils Comparison Listed Industry Peers Group
Company Name
Face Value
EPS
P/E Ratio
Ro NW (%)
NAV Per
CMP
GSM Foils Limited
10.00
28.25
[.]
13.26%
165.16
[.]
Peer Group
Synthiko Foils Limited
5.00
0.95
70.47
2.85%
33.36
66.95
MMP Industries Limited
10.0
7.28
36.00
8.22%
91.68
262.05
Comparison of Accounting Ratios with listed Industry Peer
- GSM Foils Limited.
- Synthiko Foils Limited.
- MMP Industries Limited.
GSM Foils Company Contact Details
Gala No 06/106/206/306, Sapphire Building,
Diamond Industrial Estate, Vasai East, Thane,
Maharashtra, India, 401208
Tel No.: +91 84689 68102
Email: investors@gsmfoils.com
Website: www.gsmfoils.com
GSM Foils IPO Registrar
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai 400 093,
Maharashtra, India.
Tel No: 022 – 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
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