Quality Foils (India) IPO will open for subscription from 14 March 2023. the company aims for an issue size of ₹4.52 Cr through this IPO.
About Company
Quality Foils manufactures and exports Cold Rolled Stainless Steel Strips / Coils and Stainless-Steel Flexible Hoses/pipes. The company uses the raw material of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar. With over 30 years of experience, the company offers stainless steel products in two broad categories:
i. Cold Rolled Stainless Steel Coils/Strips
ii. Stainless Steel Flexible Hose Pipes.
As on 9 January 2023, the company has exported to more than 7 countries including Germany, the UK, the Philippines, Sri Lanka, Turkey, Poland, and Bogota Colombia. Quality Foils’ 16,239 square yards manufacturing plant is strategically located at 3, Industrial Development Colony, Hisar, in around 3-5 km distance from its main source of raw material i.e. Jindal Stainless Hisar. The manufacturing facility has a 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.
Basic details about the company
| Full name | Quality Foils (India) Limited |
| Sector | Iron & Steel |
| Industry | Steel & Iron Products |
| Company Website | https://www.qualitygroup.in/ |
The objective of the Issue
- Funding capital expenditure requirements towards the purchase of machinery
- To meet the working capital requirements of the Company;
- General Corporate Purpose;
- To meet the Issue Expenses.
IPO Timetable
| IPO Opening date | 14 March 2023 |
| IPO Closing | 16 March 2023 |
| Basis of Allotment | 21 March 2023 |
| Initiation Refund | 22 March 2023 |
| Credit to Demat Account | 23 March 2023 |
| Listing Date | 24 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹4.52 Cr – 754,000 shares |
| Fresh Issue | ₹4.52 Cr – 754,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹60 per share |
| Lot size | 2000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
Reservation Details
| QIB Shares Offered | Nil |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 151.47 | 123.98 | 179.79 | 104.45 |
| Expenses | 150.79 | 123.04 | 178.09 | 103.27 |
| Net income | 1.08 | 0.96 | 1.62 | 2.06 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 5.14 | 4.56 | 7.71 |
| PE ratio | – | – | 7.78 |
| RONW (%) | 6.08 | 5.13 | 7.97 |
| NAV | 84.45 | 89.02 | 95.73 |
| ROCE (%) | 13.57 | 11.89 | 12.56 |
| EBITDA (%) | 4.51 | 4.94 | 3.87 |
| Debt/Equity | 2.40 | 2.28 | 2.44 |
Company Promoters
- Mr. Kuldip Bhargava
- Mr. Tejasvi Bhargava
Promoter Holding
| Pre Issue Share Holding | 72.80% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Khambatta Securities Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
QUALITY FOILS (INDIA) LIMITED
3, Industrial Development Colony,
Hisar, Haryana-125005, India
Phone: 01662-220327 / 28
E-mail: cs@qualityfoils.com
Website: www.qualitygroup.in
Allotment Status
Quality Foils IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Quality Foils (India) IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
