GSM Foils IPO will open for subscription from 24 May 2024. The company aims for an issue size of ₹11.01 Cr through this IPO.
Company Overview
| Full name | GSM Foils Limited |
| Sector | Fast Moving Consumer Goods |
| Industry | Packaging |
| Company Website | https://www.gsmfoils.com/ |
About Company
GSM Foils specializes in manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils”) for packaging pharmaceutical medicines, including capsules and tablets. As a primary packaging material that comes into direct contact with the medicine, the highest quality standards are meticulously maintained.
The company offers aluminum foils in various sizes, shapes, and thicknesses to meet the diverse needs of its clients. The product range includes plain and printed aluminum, strip, and alu alu base foils. The thicknesses available are 0.020, 0.025, 0.030, and 0.040 microns for coated, poly-laminated, blister, and strip-printed foils.
GSM Foils has a presence across India, serving clients in 13 states and 1 Union territory for its domestic market. These states include Dadra & Nagar Haveli and Daman & Diu, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Puducherry, Sikkim, Tamil Nadu, Telangana, and West Bengal, based on sales made up to 31 December 2023.
The Objectives of the Issue
- Funding of capital expenditure towards the purchase of Plant and machinery.
- Funding Working Capital Requirements of the company.
- General corporate purposes.
GSM Foils IPO Timetable
| IPO Opening date | 24 May 2024 |
| IPO Closing | 28 May 2024 |
| Basis of Allotment | 29 May 2024 |
| Initiation Refund | 30 May 2024 |
| Credit to Demat Account | 30 May 2024 |
| Listing Date | 31 May 2024 |
GSM Foils IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹11.01 Cr – 3,440,000 shares |
| Fresh Issue | ₹11.01 Cr – 3,440,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹32 per share |
| Lot size | 4000 Shares |
| Market Maker portion | 176,000 shares |
| Shareholding pre-issue | 9,371,649 |
| Shareholding post-issue | 12,811,649 |
| Listing Exchange | NSE SME |
GSM Foils IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| HNI (Min) | 2 | 8,000 | ₹256,000 |
GSM Foils Offer Documents
GSM Foils IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 176,000 (5.12%) |
| Other Shares Offered | 1,632,000 (47.44%) |
| Retail Shares Offered | 1,632,000 (47.44%) |
| Total Shares Offered | 3,440,000 (100%) |
GSM Foils Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 36.46 | 71.85 | 65.88 | 27.18 |
| Expenses | 35.95 | 70.89 | 63.57 | 25.51 |
| Net income | 0.34 | 0.64 | 1.43 | 1.25 |
GSM Foils Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.36 | 0.68 | 1.53 |
| PE ratio | – | – | 20.98 |
| RONW (%) | 5.16 | 9.66 | 17.11 |
| NAV | 7.02 | 7.03 | 8.92 |
| EBITDA (%) | 1.98 | 1.83 | 4.31 |
| Debt/Equity | – | 0.33 | 0.29 |
Company Promoters
- Mr. Sagar Girish Bhanushali
- Mr. Mohansingh L Parmar.
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.14% |
GSM Foils IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 May 2024 | 7 | – | 11,500 |
| 29 May 2024 | 7 | – | 11,500 |
| 28 May 2024 | 7 | – | 11,500 |
| 27 May 2024 | 7 | – | 11,500 |
| 25 May 2024 | 5 | – | 9,200 |
GSM Foils Offer Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 16,32,000 | 16,32,000 | 32,64,000 |
| 28 May 2024 | 259.62 | 247.01 | 253.32 |
| 27 May 2024 | 30.26 | 104.10 | 67.24 |
| 24 May 2024 | 5.07 | 29.97 | 17.53 |
GSM Foils IPO Allotment Status
GSM Foils IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
GSM Foils IPO Listing Details
| Listing Date | 31 May 2024 |
| BSE Scrip Code | – |
| NSE Symbol | GSMFOILS |
| ISIN | INE0SQY01018 |
| Final Issue Price | ₹32 per share |
GSM Foils IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹32.00 |
| Open | ₹32.00 |
| Low | ₹30.50 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
GSM Foils Lead Manager(s)
SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
GSM Foils Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
GSM Foils Contact Details
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
GSM Foils IPO FAQs
What is the GSM Foils offer size?
GSM Foils offer size is ₹ 11.01 crores.
What is the GSM Foils offer price band?
GSM Foils public offer price is ₹ 32 per share.
What is the lot size of the GSM Foils Offer?
GSM Foils offer a lot size is 4,000 shares.
What is GSM Foils GMP today?
GSM Foils IPO GMP today is ₹ 7 per share.
What is the GSM Foils kostak rate today?
GSM Foils kostak rate today is ₹ NA per application.
What is GSM Foils Subject to the Sauda rate today?
GSM Foils is Subject to the Sauda rate today is ₹11,500 per application.
Final thoughts
GSM Foils IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
