Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Tue, Mar 14, 2023 - Thu, Mar 16, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 14, 2023
IPO Close
Thu, Mar 16, 2023
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹17.12 Cr
| IPO Date | 14 to 16 Mar, 2023 |
| Listed on | Fri, Mar 24, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 7,54,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 38,000 shares Khambatta Securities Ltd. (agg. up to ₹0.2280 Cr) |
| Fresh Issue (Ex Market Maker) | 7,16,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 7,16,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 21,00,000 shares |
| Share Holding Post Issue | 28,54,000 shares |
| NSE Symbol | QFIL |
| ISIN | INE0O1M01015 |
Quality Foils IPO comprises a total issue size of 7,54,000 shares. The net offer to the public is 7,16,000 shares, after excluding 38,000 shares allotted on a firm basis. Of the Net offer 3,58,000 (50.00%) allocated to NII 3,58,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,58,000 | 50.00% | 47.48% |
| Retail Shares Offered | 3,58,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 38,000 | 5.04% | |
| Total Shares Offered | 7,54,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 71.35 | 78.35 | 65.37 | 66.07 |
| Total Income | 104.72 | 180.31 | 124.37 | 152.11 |
| Profit After Tax | 2.06 | 1.62 | 0.96 | 1.08 |
| NET Worth | 22.37 | 20.31 | 18.69 | 17.74 |
| Reserves and Surplus | 20.97 | 18.91 | 17.29 | 16.34 |
| 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 capital expenditure requirements towards purchase of machinery | 1.51 |
| 2 | To meet the working capital requirements of the Company | 2.25 |
| 3 | General Corporate Purpose; and | 0.36 |
| KPI | |
|---|---|
| ROE | 8.07 |
| ROCE | 12.56 |
| Debt/Equity | 2.44 |
| RoNW | 7.97 |
| PAT Margin | 0.88% |
| EBITDA Margin | 13.55% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.56 | |
| P/E (x) | 4.16 | |
| Promoter Holding | 72.80% | |
| Market Cap | ₹17.12 Cr. |
The Quality Foils (India) IPO is subscribed 364.38 times on March 16, 2023 7:30:00 PM (Day 3). The public issue subscribed 259.65 times in the retail category, [.] times in the QIB category, and 464.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 464.5 | 3,58,000 | 16,62,90,000 |
| Retail | 259.65 | 3,58,000 | 9,29,54,000 |
| Total | 364.38 | 7,16,000 | 26,08,98,000 |
Total Application : 46,477
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing and payment to other intermediaries such as Registrar, Market Maker, etc. | 0.35 |
| 2 | Statutory Expenses | 0.03 |
| 3 | Others, if any | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹100.00 |
| Low | ₹95.00 |
| High | ₹102.00 |
| Last Trade | ₹97.70 |
Lead Manager Reports
Quality Foils IPO is a SME IPO of 7,54,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Mar 14, 2023, and closes on Thu, Mar 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 Tue, Mar 14, 2023 and closes on Thu, Mar 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 Thu, Mar 23, 2023. Check the Quality Foils IPO allotment status.
The Quality Foils IPO listing date is on Fri, Mar 24, 2023.
