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gsm foils ipo

GSM Foils IPO

  • Status: Closed
  • RHP:
  • ₹ 128,000 / 4000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    31 May 2024

  • Listing Price

    ₹ 32.00

  • Listing Change

    0.00%

  • Last Traded Price

    ₹ 116.25

IPO Details

  • Open Date

    24 May 2024

  • Close Date

    28 May 2024

  • IPO Price Range

    ₹ 32

  • IPO Size

    ₹ 11.01 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    31 May 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

GSM Foils IPO Subscription Status

Last Updated: 05 June 2024 2:48 PM by 5Paisa

Last Updated: 28th May, 2024 by 5paisa

GSM Foils IPO is all set to open from 24th May to 28th May 2024. The company manufactures Blister Foils and Aluminium Pharma Foils. The IPO includes a fresh issue of 3,440,000  shares worth ₹11.01 cr. The share allotment date is 29th May 2024, and the IPO will be listed on 31st May 2024 on the stock exchanges. The price band is ₹32 and the lot size is 4000 shares.    

Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of GSM Foils IPO

GSM Foils Limited plans to utilize the raised capital from the IPO to:
●    To fund the working expenditure requirement to purchase plants and machinery.
●    To meet the working Capital requirement.
●    General Corporate Purposes.
 

GSM Foils IPO Size

Types Size (₹Cr)
Total IPO size 11.01
Offer for sale -
Fresh issue 11.01

GSM Foils IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 4000 ₹128,000
Retail (Max) 1 4000 ₹128,000
HNI (Min) 2 8000 ₹256,000

GSM Foils IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 259.51 16,32,000 42,35,28,000 1,355.29
Retail 247.10 16,32,000 40,32,64,000 1,290.44
Total 257.30 32,64,000 83,98,24,000 2,687.44

GSM Foils manufactures Blister Foils and Aluminium Pharma Foils. This is used in the packing of pharmaceutical medicines such as capsules and tablets. Its product portfolio includes plain and printed aluminum foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated /ploy laminated/ blister/ strip printed foils. 

The company is also ISO 9001:2015 certified.GSM Foils enjoy a PAN India presence with clientele in 13 states as well as 1 Union territory.

Peer Comparison

●    Synthiko Foils Limited
●    MMP Industries Limited

For More Information:
Webstory on GSM Foils IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 65.88 71.85 36.46
EBITDA 2.83 1.31 0.72
PAT 1.42 0.64 0.34
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 14.38 10.50 7.20
Share Capital 8.35 6.59 6.57
Total Borrowings 6.02 3.91 0.63
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 0.60 -1.57 -0.98
Net cash from / (used in) investing activities -0.72 -0.073 0.034
Net cash flow from / (used in) financing activities 0.19 1.28 1.04
Net increase (decrease) in cash and cash equivalents 0.079 -0.36 0.093

Strengths

1.    The company has a cost-effective production and timely fulfillment of orders.
2.    A diversified product portfolio and a well-established manufacturing facility.
3.    The company ensures high quality.
4.    Experienced promoters and management team.
 

Risks

1.    The company operates in a highly competitive market.
2.    The operations are considerably located in Gujarat, Dadra & Nagar Haveli and Maharashtra only.
3.    High working capital requirements.
4.    It has reported negative cash flow in the past. 
5.    Inventories and trade receivables form a major part of its current assets

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FAQs

GSM Foils IPO opens from 24th May to 28th May 2024.
 

The size of GSM Foils IPO is ₹11.01 cr. 
 

To apply for GSM Foils IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for GSM Foils IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The price band of GSM Foils IPO is fixed at ₹32 per share. 
 

The minimum lot size of GSM Foils IPO is 4000 shares and the investment required is ₹1,28,000.
 

The share allotment date of GSM Foils IPO is 29th May 2024.
 

The GSM Foils IPO will be listed on 31st May 2024.
 

Shreni Shares Limited is the book-running lead manager for GSM Foils IPO.
 

GSM Foils Limited plans to utilize the raised capital from the IPO to:

●    To fund the working expenditure requirement to purchase plants and machinery.
●    To meet the working Capital requirement.
●    General Corporate Purposes.