The Quality Foils India IPO date has been confirmed from March 14 and ended on March 16.
The IPO of Quality Foils (India) is a fixed price offering worth Rs 4.52 crores. This offering 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 finalized on Tuesday, March 21, 2023. Subsequently, the shares were listed on NSE SME on March 24, 2023.
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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 is ₹[ 37 ].
IPO Overview
Quality Foils (India) is offering its IPO at a price of ₹60 per share. To participate in the IPO, retail investors are required to apply for a minimum lot size of 2000 shares, which translates to a minimum investment of ₹120,000. On the other hand, High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, equivalent to 4,000 shares, with a total investment amount of ₹240,000.
The company specializes in the production and export of cold-rolled stainless steel coils and stainless steel flexible hose pipes. Initially established as a partnership, Quality Foil underwent a transformation into a private company under the guidance of its promoters. With a remarkable track record of over three decades in the industry, the company proudly markets its products under the renowned “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 production and export of Cold Rolled Stainless Steel Strips/Coils and Stainless Steel Flexible Hoses/pipes. The company sources its raw materials, primarily Hot Rolled Stainless Steel Coils/Strips, from Jindal Stainless Hissar Limited, ensuring the use of premium quality inputs. With a rich history spanning over three decades, Quality Foils has emerged as one of India’s leading manufacturers and exporters in the stainless steel industry. The company’s extensive experience in manufacturing stainless steel products has contributed to its success and reputation. Under the brand name “Quality,” the company offers a
wide range of high-quality products. These deliverables have gained recognition and trust from customers both in the domestic and international markets. Quality Foils (India) Limited has successfully expanded its reach beyond national borders, exporting its products to various countries. Notably, the company has established a presence in Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland, and Bogota Colombia, among others. This global presence is a testament to the company’s commitment to delivering excellence and meeting the diverse needs of customers worldwide.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Contact Details
| Name | Quality Foils (India) Limited |
| Phone number | 01662-220327, 28 |
| Email ID | cs@qualityfoils.com |
| Website | https://www.qualitygroup.in/ |
IPO Strenghts
- 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.
