14 Mar 2023
16 Mar 2023
₹ 4.52 Cr
24 Mar 2023
₹ 60 per share
Quality Foils (India) Limited is manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes. The company uses raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar.
The Quality Foils IPO comprises of fresh issue of 754,000 equity shares which aggregates the issue size to Rs. 4.52cr.
The objective of the Quality Foils IPO: The net proceeds from the Quality Foils IPO will be used for: 1. Funding capital expenditure requirements towards purchase of machinery 2. To meet the working capital requirements of the Company 3. General Corporate Purpose 4. To meet the Issue Expenses
The Quality Foils IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).
The allotment date of Quality Foils IPO is set for 21st March
Quality Foils IPO is promoted by Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava.
Khambatta Securities Limited is the book running lead managers to the issue.