GSM Foils IPO Details: GSM Foils Limited has announced the dates for its upcoming IPO, which will open on May 24 and close on May 28. This NSE SME IPO aims to raise ₹11.01 crores, with shares priced at ₹32 each and a market lot of 4,000 shares.
GSM Foils Limited specializes in manufacturing blister foils and aluminum pharma foils, commonly referred to as strip foils, which are essential for packaging pharmaceutical medicines such as capsules and tablets. As these foils directly contact the medicine, the company prioritizes stringent quality control. Over the years, GSM Foils has developed expertise in various types of pharmaceutical foils, offering products in diverse sizes, shapes, and thicknesses to meet client needs. Their product range includes plain and printed aluminum foils, strip foils, and alu alu base foils, available in thicknesses of 0.020, 0.025, 0.030, and 0.040 microns for coated, poly laminated, blister, and strip printed foils.
Committed to industrial standards, GSM Foils, an ISO 9001:2015 certified company, provides competitively priced, high-quality products. By investing in advanced manufacturing techniques, the company has established a reputation for excellence. Their strong relationships with industry-recognized vendors enable them to source raw materials efficiently, bolstering their brand image. With in-house capabilities for coating, laminating, and printing, GSM Foils offers clients quick and cost-effective services, reducing downtime and ensuring a systematic packaging process.
The company operates a state-of-the-art manufacturing facility located at Gala No. 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Vasai, Maharashtra, India, 401208. Spanning 7,973 square feet over ground plus three floors, this facility is equipped with the necessary tools, machinery, and amenities to support seamless manufacturing, quality testing, research, storage, and packaging operations. Regular upgrades and maintenance of machinery ensure high production rates, managed by experienced personnel.
With this IPO, GSM Foils is poised to further enhance its production capabilities and market reach, continuing to serve the pharmaceutical industry with top-tier packaging solutions.
GSM Foils IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon
GSM Foils IPO Date & Price Band Details:
| IPO Open: | May 24, 2024 |
| IPO Close: | May 28, 2024 |
| IPO Size: | Approx ₹11.01 Crores, 34,40,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹32 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
GSM Foils IPO Lot Size:
The GSM Foils IPO requires a minimum market lot of 4,000 shares, amounting to an application cost of ₹128,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹128,000 |
| Retail Maximum | 1 | 4000 | ₹128,000 |
| S-HNI Minimum | 2 | 8000 | ₹256,000 |
GSM Foils IPO Timeline:
The GSM Foils IPO will open on May 24 and close on May 28. The allotment date for the IPO is May 29, with a potential listing date of May 31.
| IPO Open Date: | 24-May-2024 |
| IPO Close Date: | 28-May-2024 |
| Basis of Allotment: | 29-May-2024 |
| Refunds: | 30-May-2024 |
| Credit to Demat Account: | 30-May-2024 |
| IPO Listing Date: | 31-May-2024 |
GSM Foils IPO GMP Today:
GMP for GSM Foils SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
GSM Foils Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹36.46 | ₹35.95 | ₹0.34 |
| 2022 | ₹71.85 | ₹70.89 | ₹0.64 |
| 2023 | ₹65.89 | ₹63.57 | ₹1.43 |
| Dec 2023 | ₹27.18 | ₹25.51 | ₹1.25 |
GSM Foils IPO Valuation – FY2023
Check GSM Foils IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹28.25 per Equity Share |
| Price/Earning P/E Ratio: | 1.13 |
| Return on Net Worth (RoNW): | 17.11% |
| Net Asset Value (NAV): | ₹165.16 per Equity Share |
Peer Group
- Synthiko Foils Limited
- MMP Industries Limited
Company Promoters
- Mr. Sagar Girish Bhanushali
- Mr. Mohansingh L Parmar
GSM Foils IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
GSM Foils IPO Allotment Status
Check GSM Foils IPO allotment status on Bigshare website URL. Click Here
GSM Foils IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
GSM Foils Limited
Gala No 06/106/206/306, Sapphire Building,
Diamond Industrial Estate, Vasai East IE,
Thane, Maharashtra, India, 401208
Phone: +9184689 68102
E-mail: investors@gsmfoils.com
Website: www.gsmfoils.com
