What you must know about GSM Foils IPO?
by 5paisa Research Team
21 May 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 31-May-24
- IPO Price Range ₹ 32
- Listing Price ₹ 32
- Listing Change 0.0%
- Last Traded Price ₹ 41
- Current Change 28.1%
GSM Foils IPO Details
- Open Date 24-May-24
- Close Date 28-May-24
- Lot Size 4000
- IPO Size ₹ 11.01 Cr
- IPO Price Range ₹ 32
- Min Investment ₹ 128,000
- Listing Exchange NSE SME
- Basis of Allotment 29-May-24
- Refunds 30-May-24
- Credit to Demat Account 30-May-24
- Listing Date 31-May-24
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 |
GSM Foils IPO Synopsis
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 |
About GSM Foils
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
GSM Foils Financial Status
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 |
GSM Foils IPO Key Points
-
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
GSM Foils
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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GSM Foils IPO FAQs
When does GSM Foils IPO open and close?
GSM Foils IPO opens from 24th May to 28th May 2024.
What is the size of GSM Foils IPO?
The size of GSM Foils IPO is ₹11.01 cr.
How to apply for GSM Foils IPO?
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.
What is the price band of GSM Foils IPO?
The price band of GSM Foils IPO is fixed at ₹32 per share.
What is the minimum lot size and investment required for GSM Foils IPO?
The minimum lot size of GSM Foils IPO is 4000 shares and the investment required is ₹1,28,000.
What is the allotment date of GSM Foils IPO?
The share allotment date of GSM Foils IPO is 29th May 2024.
What is GSM Foils IPO listing date?
The GSM Foils IPO will be listed on 31st May 2024.
Who are the book runners for GSM Foils IPO?
Shreni Shares Limited is the book-running lead manager for GSM Foils IPO.
What is the objective 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.
Contact Details of GSM Foils IPO
Contact Information
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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