Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Fri, May 24, 2024 - Tue, May 28, 2024
GSM Foils IPO is a fixed price issue of ₹11.01 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹11.01 crore.
GSM Foils IPO bidding started from May 24, 2024 and ended on May 28, 2024. The allotment for GSM Foils IPO was finalized on May 29, 2024. The shares got listed on NSE SME on May 31, 2024.
GSM Foils IPO price is ₹32 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to GSM Foils IPO RHP for detailed Information.
IPO Open
Fri, May 24, 2024
IPO Close
Tue, May 28, 2024
Issue Price
₹32 per share
Market Cap (Pre-IPO)
₹41.00 Cr
| IPO Date | 24 to 28 May, 2024 |
| Listed on | Fri, May 31, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 34,40,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,76,000 shares Shreni Shares Ltd. (agg. up to ₹0.5632 Cr) |
| Fresh Issue (Ex Market Maker) | 32,64,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 32,64,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 93,71,649 shares |
| Share Holding Post Issue | 1,28,11,649 shares |
| NSE Symbol | GSMFOILS |
| ISIN | INE0SQY01018 |
GSM Foils IPO comprises a total issue size of 34,40,000 shares. The net offer to the public is 32,64,000 shares, after excluding 1,76,000 shares allotted on a firm basis. Of the Net offer 16,32,000 (50.00%) allocated to NII 16,32,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,32,000 | 50.00% | 47.44% |
| Retail Shares Offered | 16,32,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,76,000 | 5.12% | |
| Total Shares Offered | 34,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Incorporated in April 2019, 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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 22.08 | 14.38 | 10.51 | 7.21 |
| Total Income | 27.18 | 65.89 | 71.85 | 36.46 |
| Profit After Tax | 1.25 | 1.43 | 0.64 | 0.34 |
| NET Worth | 1.27 | 8.36 | 6.59 | 6.58 |
| Reserves and Surplus | 1.25 | |||
| Total Borrowing | 14.13 | 2.42 | 2.19 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards purchase of Plant and Machineries | 1.11 |
| 2 | Funding Working Capital Requirements of the Company | 7.06 |
| 3 | General Corporate Purpose | 2.22 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 23.62% |
| ROCE | 1.60% |
| Debt/Equity | 11.13 |
| RoNW | 98.27% |
| PAT Margin | 4.59% |
| Price to Book Value | 1.27 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.53 | 1.30 |
| P/E (x) | 20.98 | 24.64 |
| Promoter Holding | 99.99% | 73.14% |
| Market Cap | ₹41.00 Cr. |
The GSM Foils IPO is subscribed 257.3 times on May 28, 2024 6:19:56 PM (Day 3). The public issue subscribed 247.1 times in the retail category, [.] times in the QIB category, and 259.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 259.51 | 16,32,000 | 42,35,28,000 |
| Retail | 247.1 | 16,32,000 | 40,32,64,000 |
| Total | 257.3 | 32,64,000 | 83,98,24,000 |
Total Application : 1,00,816
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.36 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrars to the issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹32.00 |
| Low | ₹30.50 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Lead Manager Reports
GSM Foils IPO is a SME IPO of 34,40,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on Fri, May 24, 2024, and closes on Tue, May 28, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in GSM Foils IPO using UPI as a payment gateway. Zerodha customers can apply in GSM Foils IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GSM Foils IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GSM Foils IPO opens on Fri, May 24, 2024 and closes on Tue, May 28, 2024.
GSM Foils IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in GSM Foils IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GSM Foils IPO will be done on Wednesday, May 29, 2024, and the allotted shares will be credited to your demat account by Thu, May 30, 2024. Check the GSM Foils IPO allotment status.
The GSM Foils IPO listing date is on Fri, May 31, 2024.
