GSM Foils IPO Subscription Status: GSM Foils IPO is Open on May 24, 2024 and Close on May 28, 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).
- The Retail Quota is 50%
- QIB is -%
- NII is 50%.
GSM Foils IPO is an SME IPO and Listed on NSE SME. GSM Foils IPO Price Band is Fixed at ₹32 Equity Share. GSM Foils IPO Lot Size is 4000 Shares.
About GSM Foils IPO :
- GSM Foils 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 Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Market Maker | 1,76,000 | 1,76,000 | 1 |
| Non Institutional Buyers (NIIs) | 16,32,000 | 42,53,28,000 | 259.51 |
| Retail Individual Buyers (RIIs) | 16,32,000 | 40,31,28,000 | 247.01 |
| Total | 32,64,000 | 83,96,88,000 | 257.26 |
GSM Foils Subscription Status day-by-day-
| Categories | 24 May | 27 May | 28 May |
|---|---|---|---|
| QIB | 0.00 | 0.00 | 0.00 |
| NII | 5.27 | 19.50 | 259.51 |
| RII | 31.49 | 80.26 | 247.01 |
| Total | 18.38 | 49.90 | 257.26 |
GSM Foils Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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