GSM Foils Limited IPO
GSM Foils Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹32 per share. The stock debuted at ₹32 with a flat listing performance. The IPO had a lot size of ₹4000 shares and a minimum investment of ₹1,28,000.
GSM Foils Limited IPO
- IPO Dates
- May 24, 2024 – May 28, 2024
- Price band
- ₹32 per equity share
- Minimum Investment
- ₹1,28,000
- Issue size
- ₹11.01 Cr
- Lot size
- 4000
- Allotment Date
- May 29, 2024
- Listing
- May 31, 2024
- Listing At
- NSE SME
IPO timeline
-
May 24, 2024
Open Date
Completed
-
May 28, 2024
Close Date
Completed
-
May 29, 2024
Allotment Date
Completed
-
May 31, 2024
Listing Date
Completed
GSM Foils Limited IPO Essentials
GSM Foils Limited IPO Details
GSM Foils Limited IPO is priced at ₹32 per share with a total issue size of 11.01 crore. The IPO has a lot size of 4000 shares and is listed on NSE SME.
- Issue price
- ₹32 per equity share
- Lot size
- 4000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 3,440,000 shares(aggregating up to ₹11.01 Cr)
- Total issue size
- 34,40,000 shares
(aggregating up to ₹11.01 crore) - Fresh issue
- 34,40,000 shares
(aggregating up to ₹11.01 crore) - Listing at
- NSE SME
- List price
- 32.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Shreni Shares Limited
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 4000 | ₹1,28,000 |
| Retail(max) | 1 | 4000 | ₹1,28,000 |
| NII (min) | 2 | 8000 | ₹2,56,000 |
GSM Foils Limited IPO Reservation
GSM Foils Limited IPO reservation details show category-wise allocation of shares. Out of the total 3,440,000 shares, approximately 47.44% for retail investors, and 5.12% for market maker.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 176,000 (5.12%) | |
| Retail Shares Offered | 1,632,000 (47.44%) | |
| Total Shares Offered | 3,440,000 (100%) |
GSM Foils Limited IPO Analytics
GSM Foils Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
GSM Foils Limited IPO Subscription Status
GSM Foils Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,632,000 | 1,632,000 | 3,264,000 |
|
Day 1
24-05-24 06:00 PM
|
(5.28) x | 31.56 x | 18.43 x |
|
Day 2
27-05-24 06:00 PM
|
(30.38) x | 104.10 x | 67.24 x |
|
Day 3
28-05-24 06:00 PM
|
(259.62) x | 247.10 x | 253.36 x |
GSM Foils Limited Valuations
Earnings
- EPS Pre IPO
- ₹1.53/-
- EPS Post IPO
- ₹1.30/-
- P/E Pre IPO
- 20.98
- P/E Post IPO
- 24.64
Returns
- ROE
- 23.62%
- ROCE
- 1.60%
- RoNW
- 98.27%
- PAT Margin
- 4.59
Fundamentals
- Debt / Equity
- 11.13
- Price / Book
- 1.27
GSM Foils Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,438.18 | 1,050.65 | 720.57 |
| Revenue | 6,588.69 | 7,185.04 | 3,646.23 |
| Profit After Tax | 142.97 | 63.65 | 33.93 |
GSM Foils Limited Company & Offer Insights
About GSM Foils Limited
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.
GSM Foils Limited Promoter(s)
Mr. Sagar Girish Bhanushali, Mr. Mohansingh L Parmar are the company's promoters of GSM Foils Limited.
GSM Foils Limited IPO Issue Objectives
- •
- Funding of capital expenditure towards the purchase of Plant and Machineries.
- •
- Funding Working Capital Requirements of the company.
- •
- General corporate purposes.
GSM Foils Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| GSM Foils Limited | 28.25 | N/A | 165.16 | 1.13 | 13.26 | 0.19 | Restated |
| Synthiko Foils Ltd. | 0.95 | N/A | 33.36 | 70.47 | 2.85 | 2.01 | Standalone |
| Mmp Industries Limited | 7.28 | N/A | 91.68 | 36 | 8.22 | 2.86 | Standalone |
Notes:
- 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.
- The figures for the Peer Group are based on the Standalone Financial Statements filed for the financial year ending March 31, 2023.
- 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.
- CMP is the closing prices or the last traded price of respective scripts as on March 22, 2024.
- 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 Information
Contact Details
GSM Foils Limited
+9184689 68102
Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane- 401208
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
GSM Foils Limited IPO is a Fixed Priced IPO worth ₹11.01 crore. The issue price is ₹32 per share (fixed price). The IPO opens on May 24, 2024 and closes on May 28, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The issue price of GSM Foils Limited IPO is ₹32 per share (fixed price).
The lot size of GSM Foils Limited IPO is 4000 shares.
The minimum investment for GSM Foils Limited IPO is approximately ₹1,28,000 based on the issue price .
GSM Foils Limited IPO opens on May 24, 2024 and closes on May 28, 2024.
The allotment date of GSM Foils Limited IPO is May 29, 2024.
GSM Foils Limited IPO is expected to be listed on May 31, 2024, on NSE SME Platform.
GSM Foils Limited IPO valuation snapshot: P/E 24.64, EPS ₹1.30/-, P/B 1.27, RoNW 98.27%, and market cap N/A.
To apply for GSM Foils Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of GSM Foils Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for GSM Foils Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check GSM Foils Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the GSM Foils Limited IPO allotment status on IPO Ji for quick and easy access.