Quality Foils (India) IPO

Closed RHP

Quality Foils Subscription Details

  • Open Date 14 Mar
  • Close Date 16 Mar
  • Lot Size 2000
  • IPO Size ₹ 4.52 Cr
  • IPO Price Range ₹ 60
  • Min Investment ₹ 120000
  • Listing Exchange NSE SME
  • Basis of Allotment 21 Mar
  • Refunds 22 Mar
  • Credit to Demat Account 23 Mar
  • Listing Date 24 Mar

Quality Foils (India) IPO Subscription Status

Date QIB NII Retail TOTAL
14-Mar-23 - 10.68x 7.98x 10.33x
15-Mar-23 - 54.08x 44.08x 50.09x
16-Mar-23 - 464.50x 259.65x 364.38x

Quality Foils IPO Synopsis

Quality Foils (India) IPO opens on 14th March, and closes on 16th March. The issue entails a fresh issuance of 754,000 equity shares aggregating the issue size upto Rs. 4.52 cr. For the issue, the company has set the lot size upto 2000 shares per lot while the price is fixed at Rs. 60 per share. The issue will be listed on NSE SME on 24th March while the shares will be allotted on 21st March. Khambatta Securities Ltd. is acting as the lead manager to the issue.


Objective of Quality Foils IPO

The net proceeds from the issue will be utilised 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

About Quality Foils (India)

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 manufacturing facility in Hisar, Haryana, has total installed capacity of 12,000 MT per annum for CR Stainless steel coils/strips and 2,00,000 meters per annum for SS Hose pipes. It also has CR Coils and Hose divisions with latest product-specific equipment and machineries including tube mills, Hydraulic Corrugator, Mechanical Corrugator, Carrier Braiding Machine, Hose Joining Station, draw benches, swaging machines, pipe straightening machines, TIG/MIG welding systems, etc.

The product profile include:
•    Cold Rolled Stainless Steel Coils/Strips in for manufacture of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses and Automobile components
•    Flexible Hose pipes to major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistant, exhaust systems of steel, power, petrochemical, sugar, automobile and many other heavy engineering sectors.

The company sells its products both domestically and internationally. The international market includes more than seven countries including Germany, UK, Philippines, Sri Lanka, Turkey, Poland and Bogota Colombia.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 179.8 124.0 151.5
EBITDA 7.0 6.1 NA
PAT 1.6 1.0 1.1
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 78.3 65.4 66.1
Share Capital 1.4 1.4 1.4
Total Borrowings 1,984.66 2,459.96 100.93
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities -1.8 3.9 6.2
Net cash from / (used in) investing activities -2.2 0.0 -1.0
Net cash flow from / (used in) financing activities 3.5 -3.2 -5.4
Net increase (decrease) in cash and cash equivalents -0.4 0.8 -0.2

Peer Comparison

The company does not have any competitors involved in the only 2 segments, i.e. C R Coils/Strips & Hose Pipes, it operates in. 


Quality Foils IPO Key Points

  • Strengths

    •    One of the growing brands in Cold Rolled stainless steel Coils/Strips & Flexible Hose Pipes having presence in both Cold Rolled Coils and Hose Pipes segment
    •    Specialised production of Cold Rolled Stainless Steel Coils/Strips and Hose Pipes
    •    Diversified customer base provides significant penetration in the market

  • Risks

    •    Any increase in the cost of the raw material or other purchases or a shortfall in the supply of the raw materials
    •    Inability to maintain sufficient cash flow, credit facilities and other sources of funding, in a timely manner, or at all, to meet requirement of working capital
    •    A portion of the revenues and expenses is exposed to foreign currencies
    •    The demand in the steel and steel products industry is volatile and a decrease in demand of steel may have a material adverse effect
    •    Has manufacturing facility only in Hisar, Haryana, hence any discrepancies in the region can cause trouble to the company

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

Quality Foils IPO FAQs

What is the lot size and investment required for the Quality Foils IPO?

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).

What is the price band of the Quality Foils IPO?

The price for the Quality Foils IPO is set at Rs. 60 per share

When does the Quality Foils IPO issue open and close?

The Quality Foils IPO opens on 14th March and closes on 16th March.

What is the size of Quality Foils IPO issue?

The Quality Foils IPO comprises of fresh issue of 754,000 equity shares which aggregates the issue size to Rs. 4.52cr.

Who are the promoters/key personnels of Quality Foils IPO?

Quality Foils IPO is promoted by Mr. Kuldip Bhargava and Mr. Tejasvi Bhargava.

What is the allotment date of Quality Foils IPO?

The allotment date of Quality Foils IPO is set for 21st March

What is the Quality Foils IPO’s listing date?

The Quality Foils IPO will be listed on 24th March. 

Who are the book runners for Quality Foils IPO?

Khambatta Securities Limited is the book running lead managers to the issue.

What is 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

How to apply for the Quality Foils IPO?

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

1.    Login to your 5paisa account and select the issue in the current IPO section
2.    Enter the number of lots and price at which you wish to apply for
3.    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
4.    You will receive a mandate notification to block funds in your UPI app

Contact Details of Quality Foils (India) IPO

Contact Information

Quality Foils (India) Limited
3, Industrial Development Colony,
Hisar,
Haryana-125005
Phone: 01662-220327, 28
Email: cs@qualityfoils.com
Website: http://www.qualitygroup.in/

Quality Foils (India) IPO Register

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Quality Foils (India) IPO Lead Manager

Khambatta Securities Limited 

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