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Quality Foils IPO is a fixed price issue of ₹4.52 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹4.52 crore.
Quality Foils IPO bidding started from Mar 14, 2023 and ended on Mar 16, 2023. The allotment for Quality Foils IPO was finalized on Mar 21, 2023. The shares got listed on NSE SME on Mar 24, 2023.
Quality Foils IPO price is ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Khambatta Securities 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 Khambatta Securities Ltd..
Refer to Quality Foils IPO RHP for detailed Information.
| IPO Date | March 14, 2023 to March 16, 2023 |
| Listing Date | March 24, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 7,54,000 shares (aggregating up to ₹4.52 Cr) |
| Reserved for Market Maker | 38,000 shares Khambatta Securities Ltd. (aggregating up to ₹0.2280 Cr) |
| Net Offered to Public | 7,16,000 shares (aggregating up to ₹4.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 21,00,000 shares |
| Share Holding Post Issue | 28,54,000 shares |
Quality Foils (India) IPO offers total 7,54,000 shares. Out of which 3,58,000 (47.48%) allocated to NII, 3,58,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 38,000 (5.04%) |
| NII (HNI) Shares Offered | 3,58,000 (47.48%) |
| Retail Shares Offered | 3,58,000 (47.48%) |
| Total Shares Offered | 7,54,000 (100.00%) |
Quality Foils IPO opens on March 14, 2023, and closes on March 16, 2023.
| IPO Open Date | Tue, Mar 14, 2023 |
| IPO Close Date | Thu, Mar 16, 2023 |
| Tentative Allotment | Tue, Mar 21, 2023 |
| Initiation of Refunds | Wed, Mar 22, 2023 |
| Credit of Shares to Demat | Thu, Mar 23, 2023 |
| Tentative Listing Date | Fri, Mar 24, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 16, 2023 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 over three decades of experience in manufacturing stainless steel products.
The deliverables of Quality Foils (India) Limited are offered under the brand name "Quality".
Quality Foils (India) Limited products are sold both in the domestic as well as international markets. The company have exported its products to more than seven countries, including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia.
The company has one manufacturing plant located in Hisar, Haryana. Manufacturing Facility have a total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 6,606.53 | 15,210.77 | 107.87 | 1,773.53 | 1,633.53 |
| 31-Mar-21 | 6,536.53 | 12,436.67 | 95.86 | 1,869.39 | 1,729.39 |
| 31-Mar-22 | 7,834.55 | 18,030.63 | 161.88 | 2,031.27 | 1,891.27 |
| 30-Sep-22 | 7,135.21 | 10,471.59 | 205.99 | 2,237.26 | 2,097.26 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Quality Foils IPO is ₹17.12 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 4.16 |
The company intends to utilize the proceeds of the Issue to meet the following objects: -
[Dilip Davda] QFIL is a small player in manufacturing cold roll SS stipes/coils/rolls and pipes. It has marked consistent growth in its performance except for the FY21 setback due to the Pandemic. Small paid-up equity post IPO indicates longer gestation for migration to the mainboard. Based on its FY23 super earnings, the issue is lucratively priced while based on FY22 earnings it is fully priced. Well-informed investors may lap it up for the medium to long-term rewards. Read detail review...
| Listing Date | March 24, 2023 |
| BSE Script Code | |
| NSE Symbol | QFIL |
| ISIN | INE0O1M01015 |
| Final Issue Price | ₹60 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹100.00 |
| Low | ₹95.00 |
| High | ₹102.00 |
| Last Trade | ₹97.70 |
Quality Foils (India) Ltd.
3,
Industrial Development Colony,
Hisar, Haryana, 125005
Phone: 01662-220327, 28
Email: cs@qualityfoils.com
Website: http://www.qualitygroup.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Quality Foils IPO is a SME IPO of 7,54,000 equity shares of the face value of ₹10 aggregating up to ₹4.52 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on March 14, 2023, and closes on March 16, 2023.
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 Quality Foils IPO using UPI as a payment gateway. Zerodha customers can apply in Quality Foils IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Quality Foils IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Quality Foils IPO opens on March 14, 2023 and closes on March 16, 2023.
Quality Foils IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Quality 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 Quality Foils IPO will be done on Tuesday, March 21, 2023, and the allotted shares will be credited to your demat account by Thursday, March 23, 2023. Check the Quality Foils IPO allotment status.
The Quality Foils IPO listing date is on Friday, March 24, 2023.
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