Contents
- 1 Table of Contents
- 2 GSM Foils Limited IPO Details
- 3 GSM Foils Limited IPO Date (Tentative)
- 4 GSM Foils Limited IPO Lot Size
- 5 GSM Foils Limited IPO GMP Today
- 6 GSM Foils Limited IPO Subscription Status
- 7 GSM Foils Limited IPO Allotment Status
- 8 Know About GSM Foils Limited
- 9 GSM Foils Limited Promoters Holding
- 10 Objects of the Issue IPO
- 11 GSM Foils Limited Financial Report (Restated)
- 12 Key Performance Indicator (KPI) of GSM Foils Limited
- 13 Peer Group Comparison
- 14 Review
- 15 FAQs Of GSM Foils IPO
The GSM Foils Limited IPO, with a fixed price issue of Rs 11.01 crores, comprises entirely fresh issue shares totalling 34.4 lakh.
Subscription for the GSM Foils IPO starts on May 24, 2024, and closes on May 28, 2024. Allotment of shares is anticipated to be finalized by Wednesday, May 29, 2024. The IPO is slated to list on the NSE SME with a tentative listing date set for Friday, May 31, 2024.
Each share in the GSM Foils IPO is priced at ₹32, with a minimum lot size of 4000 shares. For retail investors, the minimum investment amount stands at ₹128,000. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, totalling 8,000 shares, amounting to ₹256,000.
Referring Document- GSM Foils Limited IPO RHP
Table of Contents
GSM Foils Limited IPO Details
| Open Date | May 24, 2024 |
| Close Date | May 28, 2024 |
| Listing Date | May 31, 2024 |
| IPO Size | 34.4 Lakh Shares (aggregating up to ₹11.01 Cr) |
| Fresh Issue | 34.4 Shares of ₹10 Face Value (aggregating up to 11.01 Cr) |
| Face Value | ₹10 per share |
| IPO Price Band | ₹32 |
| IPO Listing on | NSE SME |
| Lot Size | 4000 Shares |
| OFS | N.A. |
| Share Offered to Retail | 50% of the total issue share |
| Share Offered to QBI | 50% of the total issue share |
| Share Offered to HNI |
GSM Foils Limited IPO Date (Tentative)
| IPO Open Date | May 24, 2024 |
| IPO Close Date | May 28, 2024 |
| Basis of Allotment | May 29, 2024 |
| Initiation of Refunds | May 30, 2024 |
| The credit of Shares | May 30, 2024 |
| Listing Date | May 31, 2024 |
GSM Foils Limited IPO Lot Size
| Applicants | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| HNI (Min) | 2 | 8000 | ₹256,000 |
GSM Foils Limited IPO GMP Today
The Grey Market Premium (GMP) for GSM Foils Limited NSE Emarge IPO has commenced from the first session. We’ll be providing daily updates on the GMP and additional details.
Stay tuned to stay informed about the daily performance of the GSM Foils Limited IPO’s Gray Market Premioum and the expected listing price. See IPO GMP Live >>
GSM Foils Limited IPO Subscription Status
For real-time updates on the subscription status of the Vilas Transcore IPO, kindly navigate to our “IPO Subscription Status Live” section in the menu or click the provided link. The subscription window for the Vilas Transcore IPO commences on May 29, 2024.
GSM Foils Limited IPO Allotment Status
You can check the allotment status for the GSM Foils Limited IPO by following these steps. First, click the link Link – ” IPO Allotment Status” Then, select the IPO Name from the options. After that, enter either your Application Number or PAN Number. The allotment window is active on May 29, 2024.
Know About GSM Foils Limited
- About GSM Foils Limited:
- Founded in April 2019, GSM Foils Limited specializes in manufacturing Blister Foils and Aluminium Pharma Foils, also known as “Strip Foils,” crucial for packaging pharmaceutical medicines like capsules and tablets.
- These foils serve as primary packaging materials, directly in contact with medicines, emphasizing the company’s commitment to maintaining high-quality standards.
- Manufacturing Facility:
- Located at Sapphire Building in Thane, Vasai, Maharashtra.
- Spans an area of 7,973 square feet across the ground and three floors.
- Equipped with state-of-the-art machinery, tools, and amenities to support seamless manufacturing processes, quality testing, research, storage, and packaging.
- Certification:
- ISO 9001:2015 certified, underscoring the company’s adherence to international quality standards.
- Market Presence:
- Operates across India, serving clients in 13 states and 1 Union territory in the domestic market.
- Employee Count:
- As of February 28, 2024, the company employs 39 individuals on a payroll basis.
GSM Foils Limited Promoters Holding
The company’s promoters are Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar. Before the issue, the shareholding was at 99.99%. Following the issue, the shareholding stands at 73.14%.
Objects of the Issue IPO
- Funding of capital expenditure towards the purchase of Plant and machinery.
- Funding Working Capital Requirements of our Company.
- General corporate purposes.
GSM Foils Limited Financial Report (Restated)
| Particulars | For the Period / Year ended on (₹ in Lakh) | |||
| 31 December 2023 | 31 March 2023 | 31 March 2022 | 31 March 2021 | |
| Liabilities | 2,208.18 | 1,438.18 | 1,050.65 | 720.57 |
| Assets | 2,208.18 | 1,438.18 | 1,050.65 | 720.57 |
| Revenue | 2,717.87 | 6,588.69 | 7,185.04 | 3,646.23 |
| PAT (Profit After Tax) | 124.79 | 142.97 | 63.65 | 33.93 |
| Net Worth | 126.99 | 835.73 | 659.06 | 657.82 |
Key Performance Indicator (KPI) of GSM Foils Limited
| Financial Performance | December 31, 2023 |
|---|---|
| Revenue from Operations (Rs) | 2,717.87 |
| EBITDA (Rs) | 202.72 |
| EBITDA Margin (%) | 7.46% |
| PAT (Rs) | 124.79 |
| PAT Margin (%) | 4.59% |
| Return on Equity (%) | 23.62 |
| Return on Capital Employed (%) | 1.60 |
| Debt-Equity Ratio (times) | 11.13 |
| Current Ratio (times) | 1.03 |
| Net Profit Ratio | 4.59 |
Peer Group Comparison
| Key Financial Performance | GSM Foils Limited (₹ in Lakhs) | MMP Industries Limited (₹ in Lakhs) | Synthiko Industries Ltd (₹ in Lakhs) |
|---|---|---|---|
| Revenue from Operations | 6588.35 | 53829.03 | 2564.93 |
| EBITDA | 283.84 | 3585.10 | 70.62 |
| EBITDA Margin (%) | 4.31% | 6.66% | 2.75% |
| PAT | 142.97 | 1850.12 | 16.57 |
| PAT Margin (%) | 2.17% | 3.44% | 0.65% |
| Return on Equity (%) | 19.13% | 8.22% | 2.85% |
| Debt to Equity Ratio (times) | 0.29 | 0.25 | 0.68 |
GSM Foils Limited Registrar
Bigshare Services Private Limited
Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India.
Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299
Email: ipo@bigshareonline.com;
Investor Grievance Email: investor@bigshareonline.com;
Website: www.bigshareonline.com;
GSM Foils Limited Book Running Lead Manager
SHRENI SHARES LIMITED
(Formerly Known as Shreni Shares Private Limited)
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road Lokmanya Tilak Nagar
Poisar, Near Raghuleela Mall, Kandivali West, Mumbai-400067, Maharashtra,
India.
Telephone: 022- 2089 7022
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Ms. Tanya Gotal
Website: www.shreni.in
GSM Foils Limited Contact
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/
GSM Foils Limited Application Form PDF
To download the GSM Foils Limited IPO application form click on Application Form Download ASBA IPO Forms PDF.
Review
May Apply
FAQs Of GSM Foils IPO
What is the GSM Foils IPO?
The GSM Foils Limited IPO is an initial public offering of shares issued by GSM Foils Limited, a company specializing in manufacturing Blister Foils and Aluminium Pharma Foils.
What is the tentative listing date for GSM Foils IPO?
The tentative listing date for GSM Foils Limited IPO is May 31, 2024.
How can I check the allotment status of GSM Foils Limited IPO?
Investors can check the allotment status by visiting the registrar’s website or through the link provided on the IPO Allotment Status portal using either the Application Number or PAN Number.
