Quality Foils India Limited IPO Detail
Incorporated in 1990, Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes.
The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar to produce its products.
Quality Foils is among India's prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes. The entity has experience of over three decades in the manufacturing of stainless steel products.
The products of the company are categorized in two segments, which are:
- Cold Rolled Stainless Steel Coils/Strips;
- Stainless Steel Flexible Hose Pipes
The deliverables of Quality Foils (India) Limited are offered under the brand name "Quality". The products of the company are further used in the manufacturing of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses.
Further, these are used for Automobile components and Flexible Hose pipes for major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistance, exhaust systems of steel, power, petrochemical, sugar, automobile, and many other heavy engineering sectors.
Company Promoters
Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava are the Promoters of the company.IPO Details
| IPO Opening Date | Mar 14, 2023 |
| IPO Closing Date | Mar 16, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹4.52 Cr |
| Fresh Issue | ₹4.52 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Tentative Timetable
The Quality Foils India Limited IPO open date is Mar 14, 2023, and the close date is Mar 16, 2023. The issue may list on Mar 24, 2023.
| IPO Open Date | Mar 14, 2023 |
| IPO Close Date | Mar 16, 2023 |
| Basis of Allotment Date | Mar 21, 2023 |
| Initiation of Refunds | Mar 22, 2023 |
| Credit of Shares to Demat Account | Mar 23, 2023 |
| IPO Listing Date | Mar 24, 2023 |
IPO Lot Size
The Quality Foils India Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120000 |
| Maximum | 1 | 2000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 72.80% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 6536.53 | 12436.67 | 95.86 |
| 31-Mar-22 | 7834.55 | 18030.63 | 161.88 |
| 30-Sep-22 | 7135.21 | 10471.59 | 205.99 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects: -
- Funding capital expenditure requirements towards purchase of machinery
- To meet the working capital requirements of the Company;
- General Corporate Purpose;
- To meet the Issue Expenses
Quality Foils India Limited IPO Registrar:
Bigshare Services Pvt Ltd
Quality Foils India Limited IPO Lead Manager(s):
Khambatta Securities Limited
Company Contact Information:
Quality Foils India Limited
3, Industrial Development Colony, Hisar
Haryana
Haryana
