Quality Foils (India) IPO

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 nameQuality Foils (India) Limited
SectorIron & Steel
IndustrySteel & Iron Products
Company Websitehttps://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 date14 March 2023
IPO Closing16 March 2023
Basis of Allotment21 March 2023
Initiation Refund22 March 2023
Credit to Demat Account23 March 2023
Listing Date24 March 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹4.52 Cr – 754,000 shares
Fresh Issue₹4.52 Cr – 754,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹60 per share
Lot size2000 Shares
Retail Allocation50%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)12000₹120,000
Retail (Max)12000₹120,000
HNI (Min)24,000₹240,000

Reservation Details

QIB Shares OfferedNil
NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income1.080.961.622.06
(Amount in ₹ Crors)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio7.78
RONW (%)
ROCE (%)13.5711.8912.56
EBITDA (%)4.514.943.87

Company Promoters

  • Mr. Kuldip Bhargava
  • Mr. Tejasvi Bhargava 

Promoter Holding

Pre Issue Share Holding72.80%
Post Issue Share Holding

Lead Manager(s)

  • Khambatta Securities Limited

IPO Registrar

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

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

Leave a Comment

Your email address will not be published. Required fields are marked *