The GSM Foils Limited date has been confirmed from May 24, 2024 to May 28, 2024. Read the post to learn about GSM Foils Limited IPO GMP.
GSM Foils IPO is a fixed price issue of Rs 11.01 crores. The issue is entirely a fresh issue of 34.4 lakh shares. The company has established a manufacturing facility at the Sapphire Building in Thane, Vasai, Maharashtra, covering an area of 7,973 square feet across the ground plus 3 floors. The manufacturing facilities are fully equipped with tools, machinery, and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research, storage, and packaging.
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Key Details Of GSM Foils Limited IPO
Bidding Dates
May 24- 28
Price Range
₹32 per share
Face Value
₹10 per share
GMP
₹6
GSM Foils Limited IPO GMP
The GSM Foils Limited IPO GMP is ₹6.
IPO Overview
The GSM Foils IPO opens for subscription on May 24, 2024, and closes on May 28, 2024. The allotment for the GSM Foils IPO is expected to be finalized on Wednesday, May 29, 2024. GSM Foils IPO will list on NSE SME with a tentative listing date fixed for Friday, May 31, 2024.
GSM Foils IPO price is ₹32 per share. The minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹256,000.
GSM Foils Limited IPO Details
| IPO Date | May 24, 2024 to May 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,440,000 shares (aggregating up to ₹11.01 Cr) |
| Fresh Issue | 3,440,000 shares (aggregating up to ₹11.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,371,649 |
| Share holding post issue | 12,811,649 |
| Market Maker portion | 176,000 shares Shreni Shares |
GSM Foils Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Profit After Tax | 124.79 | 142.97 | 63.65 | 33.93 |
| Net Worth | 126.99 | 835.73 | 659.06 | 657.82 |
| Reserves and Surplus | 124.79 | |||
| Total Borrowing | 1,412.95 | 242.43 | 219.20 | |
| Amount in ₹ Lakhs | ||||
GSM Foils Limited IPO Timeline
| IPO Open Date | Friday, May 24, 2024 |
| IPO Close Date | Tuesday, May 28, 2024 |
| Basis of Allotment | Wednesday, May 29, 2024 |
| Initiation of Refunds | Thursday, May 30, 2024 |
| Credit of Shares to Demat | Thursday, May 30, 2024 |
| Listing Date | Friday, May 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2024 |
Company Profile
GSM Foils, established in 2019, manufactures a variety of blister foils and aluminum pharma foils. Our raw materials are sourced from trusted vendors in the industry, which has contributed to our wide market popularity. Over the years, we have gained expertise in producing different types of foils used in the pharmaceutical sector. Our products are highly valued for their resistance to abrasion, high tensile strength, durability, bond strength, and sealing strength. We ensure that our products undergo quality testing following industrial standards.
Our product range includes foils with thicknesses of 0.020, 0.025, 0.030, and 0.040 microns. Our company is growing quickly thanks to our wide range of products used for packaging tablets and other medicines. Our dedicated team is committed to ensuring customer satisfaction by prioritizing quality over quantity.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | bigshareonline.com |
Contact Details
| Name | GSM Foils Limited |
| Phone number | +9184689 68102 |
| Email ID | [email protected] |
| Website | gsmfoils.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
GSM Foils Limited IPO FAQs
When GSM Foils IPO will open?
The GSM Foils IPO opens on May 24, 2024 and closes on May 28, 2024.
What is the lot size of GSM Foils IPO?
GSM Foils IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
When is GSM Foils IPO listing date?
The GSM Foils IPO listing date is not yet announced. The tentative date of GSM Foils IPO listing is Friday, May 31, 2024.
