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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 ₹32.00 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). The minimum lot size investment for 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 Date | May 24, 2024 to May 28, 2024 |
| Listing Date | May 31, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,40,000 shares (aggregating up to ₹11.01 Cr) |
| Reserved for Market Maker | 1,76,000 shares Shreni Shares Ltd. (aggregating up to ₹0.5632 Cr) |
| Net Offered to Public | 32,64,000 shares (aggregating up to ₹10.44 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 93,71,649 shares |
| Share Holding Post Issue | 1,28,11,649 shares |
GSM Foils IPO offers total 34,40,000 shares. Out of which 16,32,000 (47.44%) allocated to NII, 16,32,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,76,000 (5.12%) |
| NII (HNI) Shares Offered | 16,32,000 (47.44%) |
| Retail Shares Offered | 16,32,000 (47.44%) |
| Total Shares Offered | 34,40,000 (100.00%) |
GSM Foils IPO opens on May 24, 2024, and closes on May 28, 2024.
| IPO Open Date | Fri, May 24, 2024 |
| IPO Close Date | Tue, May 28, 2024 |
| Tentative Allotment | Wed, May 29, 2024 |
| Initiation of Refunds | Thu, May 30, 2024 |
| Credit of Shares to Demat | Thu, May 30, 2024 |
| Tentative Listing Date | Fri, May 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 28, 2024 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,208.18 | 1,438.18 | 1,050.65 | 720.57 |
| Total Income | 2,717.87 | 6,588.69 | 7,185.04 | 3,646.23 |
| Profit After Tax | 124.79 | 142.97 | 63.65 | 33.93 |
| Net Worth | 126.99 | 835.73 | 659.06 | 657.82 |
| Reserves and Surplus | 124.79 | |||
| Total Borrowing | 1,412.95 | 242.43 | 219.20 | |
| Amount in ₹ Lakhs | ||||
The market capitalization of GSM Foils IPO is ₹41.00 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 1.53 | 1.30 |
| P/E (x) | 20.98 | 24.64 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is operating in a highly competitive segment that also faces volatility in commodity prices. The company has posted inconsistency in its top and bottom lines. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term. Read detail review...
| Listing Date | May 31, 2024 |
| BSE Script Code | |
| NSE Symbol | GSMFOILS |
| ISIN | INE0SQY01018 |
| Final Issue Price | ₹32 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹32.00 |
| Low | ₹30.50 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
GSM Foils Ltd.
Gala No 06/106/206/306, Sapphire Building
Diamond Industrial Estate,
Vasai East IE,
Thane, Maharashtra, 401208
Phone: +9184689 68102
Email: investors@gsmfoils.com
Website: https://www.gsmfoils.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
GSM Foils IPO is a SME IPO of 34,40,000 equity shares of the face value of ₹10 aggregating up to ₹11.01 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on May 24, 2024, and closes on 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 May 24, 2024 and closes on 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 Thursday, May 30, 2024. Check the GSM Foils IPO allotment status.
The GSM Foils IPO listing date is on Friday, May 31, 2024.
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