GSM Foils Limited IPO Detail
Incorporated in April 2019, GSM Foils Limited manufactures Blister Foils and Aluminium Pharma Foils, also known as "Strip Foils," used for packaging pharmaceutical medicines such as capsules and tablets. These foils are primary packaging materials that come into direct contact with the medicine, so utmost care is taken to ensure their quality.
The company has established a manufacturing facility at 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.
The company is ISO 9001:2015 certified company.
The company has a presence across India with clients in 13 states and 1 Union territory in the domestic market.
As of February 28, 2024 the company has 39 employees on payroll basis.
Company Promoters
Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar.IPO Details
| IPO Opening Date | May 24, 2024 |
| IPO Closing Date | May 28, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹32 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹11.01 Cr |
| Fresh Issue | ₹11.01 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 5.28x | 31.56x | 18.43x |
| Day 2 | 0.00x | 0.00x | 0.00x | 30.46x | 106.12x | 68.35x |
| Day 3 | 0.00x | 0.00x | 0.00x | 259.51x | 247.10x | 257.30x |
IPO Tentative Timetable
The GSM Foils Limited IPO open date is May 24, 2024, and the close date is May 28, 2024. The issue may list on May 31, 2024.
| IPO Open Date | May 24, 2024 |
| IPO Close Date | May 28, 2024 |
| Basis of Allotment Date | May 29, 2024 |
| Initiation of Refunds | May 30, 2024 |
| Credit of Shares to Demat Account | May 30, 2024 |
| IPO Listing Date | May 31, 2024 |
IPO Lot Size
The GSM Foils Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹128000 |
| Maximum | 1 | 4000 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.14% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 720.57 | 3646.23 | 33.93 |
| 31-Mar-22 | 1050.65 | 7185.04 | 63.65 |
| 31-Mar-23 | 1438.18 | 6588.69 | 142.97 |
| 31-Dec-23 | 2208.18 | 2717.87 | 124.79 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding of capital expenditure towards the purchase of Plant and Machineries.
- Funding Working Capital Requirements of the company.
- General corporate purposes.
GSM Foils Limited IPO Registrar:
Bigshare Services Pvt Ltd
GSM Foils Limited IPO Lead Manager(s):
Shreni Shares Limited
Company Contact Information:
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building
Diamond Industrial Estate, Vasai East IE,
Thane- 401208
