The Quality Foils India IPO date has been confirmed from March 14 and ended on March 16. Read the post to learn about Quality Foils India IPO GMP.
The IPO of Quality Foils( India) is a fixed price immolation worth Rs4.52 crores. This immolation consists solely of 7.54 lakh new shares. The bidding for the Quality Foils( India) IPO commenced on March 14, 2023, and concluded on March 16, 2023. The allotment for this IPO was perfected on Tuesday, March 21, 2023. latterly, the shares were listed on NSE SME on March 24, 2023.
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Key Details Of Quality Foils India IPO:
Bidding Dates
March 14 – 16, 2023
Price Range
₹60 per share
Face Value
₹10 per share
GMP
₹37
Quality Foils India IPO GMP
The Quality Foils India IPO GMP Today is ₹[ 37 ].
Quality Foils India IPO Overview
Quality Foils( India) is offering its IPO at a price of ₹ 60 per share. The Quality Foils India IPO GMP Today is ₹[ 37 ]. To share in the IPO, retail investors are needed to apply for a minimum lot size of 2000 shares, which translates to a minimal investment of ₹ 120,000. On the other hand, High Net Worth individualities( HNIs) are needed to invest in a minimum of 2 lots, originally to 4,000 shares, with a total investment quantum of ₹ 240,000.
The company specializes in the product and import of cold- rolled pristine sword coils and pristine sword flexible sock pipes. originally established as a cooperation, Quality Foil passed a metamorphosis into a private company under the guidance of its promoters. With a remarkable track record of over three decades in the assiduity, the company proudly markets its products under the famed “ Quality ” brand.
Quality Foils India IPO Date & Price Band Details
| IPO Date | March 14, 2023 to March 16, 2023 |
| Listing Date | March 24, 2023 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 754,000 shares (aggregating up to ₹4.52 Cr) |
| Fresh Issue | 754,000 shares (aggregating up to ₹4.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 38,000 shares |
Quality Foils India IPO Market Lot
The minimum requirement for investors to place a bid is 2000 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment limits for both retail investors and high net worth individuals (HNIs) in terms of shares and monetary value.
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Quality Foils India IPO Allotment and Listing Dates
| IPO Open Date | Tuesday, March 14, 2023 |
| IPO Close Date | Thursday, March 16, 2023 |
| Basis of Allotment | Tuesday, March 21, 2023 |
| Initiation of Refunds | Wednesday, March 22, 2023 |
| Credit of Shares to Demat | Thursday, March 23, 2023 |
| Listing Date | Friday, March 24, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 16, 2023 |
Quality Foils India IPO Company Financial Report
| Particulars | Revenue from Operation (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
| Revenue from Operation | 10,445.27 | 17,978.58 | 15,146.59 |
| Profit After Tax (PAT) | 205.99 | 161.88 | 95.86 |
| EBITDA | 410.47 | 695.58 | 612.56 |
| Current Asset | 4,843.94 | 5,514.31 | 4,258.43 |
| Current Liabilities | 4,409.03 | 4,910.98 | 4,097.11 |
Company Profile
Quality Foils( India) Limited, established in 1990, specializes in the product and import of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses pipes. The company sources its raw accouterments , primarily Hot Rolled Stainless Steel Coils/ Strips, from Jindal Stainless Hissar Limited, icing the use of ultra expensive quality inputs. With a rich history gauging over three decades, Quality Foils has surfaced as one of India’s leading manufacturers and exporters in the pristine sword industry. The company’s expansive experience in manufacturing pristine sword products has contributed to its success and character. Under the brand name “ Quality, ” the company offers a
wide range of high- quality products. These deliverables have gained recognition and trust from guests both in the domestic and transnational requests. Quality Foils( India) Limited has successfully expanded its reach beyond public borders, exporting its products to colorful countries. The company has established a presence in Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland, and Bogotá Colombia, among others. This global presence is a testament to the company’s commitment to delivering excellence and meeting the different requirements of guests worldwide.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Quality Foils (India) Limited |
| Phone number | 01662-220327, 28 |
| Email ID | [email protected] |
| Website | https://www.qualitygroup.in/ |
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.
Quality Foils India IPO FAQs
When Quality Foils (India) IPO will open?
The Quality Foils (India) IPO opens on March 14, 2023 and closes on March 16, 2023.
What is the lot size of Quality Foils (India) IPO?
Quality Foils (India) IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
How to apply for Quality Foils (India) IPO?
You can apply in Quality Foils (India) IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Quality Foils (India) IPO allotment?
The finalization of Basis of Allotment for Quality Foils (India) IPO will be done on Tuesday, March 21, 2023, and the allotted shares will be credited to your demat account by Thursday, March 23, 2023. Check the Quality Foils (India) IPO allotment status.
When is Quality Foils (India) IPO listing date?
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