IPO

GSM Foils Limited IPO

NSE SME

Listed On: May 31, 2024 at ₹ 32.0

₹ 256000 /8000 Shares
*Min Investment

Check Allotment

24 May, 2024

Open Date

28 May, 2024

Close Date

29 May, 2024

Allotment Date

31 May, 2024

Listing Date
GSM Foils Limited IPO Issue Details
  • Issue Price ₹32 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 34,40,000 shares(aggregating up to ₹11.01 crore)
  • Fresh Share 34,40,000 shares(aggregating up to ₹11.01 crore)
  • Listing at NSE SME
  • List Price 32.0
  • Listing Date 2024-05-31
  • Lead Manager Shreni Shares Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)14000₹1,28,000
Retail(max)14000₹1,28,000
NII (min) 28000₹2,56,000
GSM Foils Limited IPO Reservation

GSM Foils Limited IPO offers total 3,440,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,632,000 (47.44%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered176,000 (5.12%)
Retail Shares Offered1,632,000 (47.44%)
Total Shares Offered3,440,000 (100%)
GSM Foils Limited IPO Documents
DRHP
RHP
GSM Foils Limited IPO Details


GSM Foils Limited IPO is an SME IPO, priced at ₹32 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 34,40,000 equity shares, aggregating up to ₹11.01 crores..

The IPO bidding window is open from May 24, 2024 to May 28, 2024. The allotment is expected to be finalized on May 29, 2024, and the tentative listing date is May 31, 2024.

The minimum lot size for Retail investors is 4000 shares, with a minimum investment of ₹1,28,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,56,000.

Shreni Shares Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Shreni Shares Limited will act as the market maker for this issue.

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GSM Foils Limited IPO Subscription Analysis And Details
Retail
247.10x
Total
253.36x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,632,0001,632,0003,264,000
Day 1 24-05-24 06:00 PM
5.28 x31.56 x18.43 x
Day 2 27-05-24 06:00 PM
30.38 x104.10 x67.24 x
Day 3 28-05-24 06:00 PM
259.62 x247.10 x253.36 x
Total No of Applications
1,00,816
GSM Foils Limited Valuations
EPS Pre IPO ₹1.53/-
EPS Post IPO ₹1.30/-
P/E Pre IPO 20.98
P/E Post IPO 24.64
ROE 23.62%
ROCE 1.60%
Debt/Equity 11.13
RoNW 98.27%
PAT Margin 4.59
Price to Book Value 1.27
GSM Foils Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets1,438.181,050.65720.57
Revenue6,588.697,185.043,646.23
Profit After Tax142.9763.6533.93
About GSM Foils Limited Company

GSM Foils Limited, incorporated in April 2019, manufactures Blister Foils and Aluminium Pharma Foils, commonly referred to as Strip Foils, for the packaging of pharmaceutical medicines such as capsules and tablets. Being primary packaging materials, they come into direct contact with the medicine, so the utmost care is taken for quality.

The company has put up a manufacturing facility at Sapphire Building in Thane, Vasai, Maharashtra, spread across 7,973 square feet area on ground plus 3 floors. The entire manufacturing facilities have all the requisite tools, machines, and amenity requirements needed to support non-interrupted, hassle-free processes of production, quality testing, research, and storage and packing.

The Company is an ISO 9001:2015 certified company.

The company is present in India. Within the domestic market, it has clients in 13 states and 1 Union territory.

As of February 28, 2024, the company has 39 people on payroll basis.

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GSM Foils Limited - Promoter(s)

Mr. Sagar Girish Bhanushali

Mr. Mohansingh L Parmar

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 73.14%

GSM Foils Limited IPO - Issue Objectives
1

Funding of capital expenditure towards the purchase of Plant and Machineries.

2

Funding Working Capital Requirements of the company.

3

General corporate purposes.

GSM Foils Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
GSM Foils Limited28.25N/A165.161.1313.260.19Restated
Synthiko Foils Ltd.0.95N/A33.3670.472.852.01Standalone
Mmp Industries Limited7.28N/A91.68368.222.86Standalone

Notes:

  1. The company's figures are based on Restated Financial Statements for the year ended March 31, 2023, after the Bonus Shares allotted on March 1, 2024, took effect.
  2. The figures for the Peer Group are based on the Standalone Financial Statements filed for the financial year ending March 31, 2023.
  3. P/E Ratio has been computed based on their respective closing market price on March 22, 2024, divided by the Basic EPS as on March 31, 2023.
  4. CMP is the closing prices or the last traded price of respective scripts as on March 22, 2024.
  5. The Issue Price determined by the Company in consultation with the Lead Manager is justified by the company in consultation with the Lead Manager based on the above parameters.
Contact Details

GSM Foils Limited

Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane- 401208

+9184689 68102

investors@gsmfoils.com

https://www.gsmfoils.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html