GSM Foils Limited IPO

NSE SME

Listed On: May 31, 2024 at ₹ 32.0

₹ 128000 /4000 Shares

Check Allotment

GSM Foils Limited IPO Details

24 May, 2024

Open Date

28 May, 2024

Close Date

29 May, 2024

Allotment Date

31 May, 2024

Listing Date

Issue Price

₹32 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

32.0

Listing Date

2024-05-31

Market Lot

4000 Shares (₹128,000/-)

Lead Manager

Shreni Shares Limited

Issue Size

3,440,000 shares(aggregating up to ₹11.01 Cr)

Retail Portion

50%

Subscription

253.36 times

IPO Docs

DRHP RHP

The IPO of GSM Foils Limited is priced at ₹32 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

GSM Foils Limited IPO bid opening date is from May 24, 2024 and the bid closing date was May 28, 2024.
GSM Foils Limited IPO allotment result will be available on May 29, 2024. The tentative listing date for GSM Foils Limited is May 31, 2024.

The total issue size is 3,440,000 shares(aggregating up to ₹11.01 Cr).

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

Total No. of Applications: 1,00,816 (Approx)

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 All values are in ₹ Lakh

	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

About The 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.

GSM Foils Limited - Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 73.14%

Company Promoter(s)

Mr. Sagar Girish Bhanushali
Mr. Mohansingh L Parmar

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.

Other Details

Company Contact Details

GSM Foils Limited

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

Phone: +9184689 68102

Email: investors@gsmfoils.com

Website: https://www.gsmfoils.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

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

GSM Foils Limited IPO - FAQs

Ans. GSM Foils Limited IPO is a SME IPO. The issue is priced at ₹32 per equity share. The minimum order quantity is 4000 Shares. 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.

Ans. The GSM Foils Limited IPO opens on May 24, 2024 and closes on May 28, 2024.

Ans. The size of GSM Foils Limited IPO is 3,440,000 shares(aggregating up to ₹11.01 Cr).

Ans. The IPO price band is set between ₹32 per equity share.

Ans. To apply for GSM Foils Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find GSM Foils Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of GSM Foils Limited IPO is May 29, 2024.

Ans. The GSM Foils Limited IPO will be listed on May 31, 2024.

Ans. Follow the steps to check the allotment status for GSM Foils Limited IPO here.