GSM Foils IPO
IPO Listing Details
- Listing Date
31 May 2024
- Listing Price
₹ 32.00
- Listing Change
0.00%
- Last Traded Price
₹ 82.25
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
IPO Timeline
GSM Foils IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
24-May-24 | - | 5.28 | 31.56 | 18.43 |
27-May-24 | - | 30.40 | 105.49 | 68.00 |
28-May-24 | - | 259.51 | 247.10 | 257.30 |
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
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.
Contact Information
GSM Foils
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building
Diamond Industrial Estate, Vasai East IE,
Thane- 401208
Phone: +9184689 68102
Email: investors@gsmfoils.com
Website: https://www.gsmfoils.com/
GSM Foils IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
GSM Foils IPO Lead Manager
Shreni Shares Limited
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