GSM Foils Limited is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils”) which are used in the packing of pharmaceutical medicines including capsules and tablets. This is a primary packaging material that comes in direct contact with the medicine, hence, utmost care is taken about its quality. Over the past few years, they have acquired definite know-how in different types of foils used in pharmaceutical companies. They offer Aluminium foils in different sizes, shapes, and thicknesses to meet the diverse needs of their clients. The range of their products 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.
They are offering products that are quality tested as per industrial standards. As an ISO 9001:2015 certified company, they aim to provide products at a competitive price, therefore, they have invested in suitable manufacturing techniques and have presented a wide assortment of highly demanded products. owing to the allied support of industry-recognized vendors they can source the inventory of raw materials and produce quality products that augment their brand image. With the inhouse capacity of the Coating, laminating, and printing process, they provide their client with quick and cost-effective services, which help them reduce their downtime and execute their packaging line in a systematic manner.
They have developed a manufacturing facility at Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Vasai, Maharashtra, India, 401208 in 7,973 Sq. feet area with ground plus 3 floors for smooth execution of all the business operations. Their manufacturing facilities are equipped with the necessary tools, machinery, other equipment, and amenities, to support a seamless manufacturing process, hassle-free production, Quality testing, research, storage, and packaging. All their machineries are periodically upgraded and lubricated with experienced personnel to retain the production rate.
Objects of the Issue:
- Funding of capital expenditure towards purchase of Plant and Machineries.
- Funding Working Capital Requirements of our Company
- General Corporate Purpose
GSM Foils IPO Review
- May Apply
GSM Foils IPO Date & Price Band Details
| IPO Open: | May 24, 2024 |
| IPO Close: | May 28, 2024 |
| IPO Size: | Approx ₹11.01 Crores, 34,40,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹32 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
GSM Foils IPO Market Lot
The GSM Foils IPO minimum market lot is 4000 shares with a ₹128,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 4000 | ₹128,000 |
| Retail Maximum | 1 | 4000 | ₹128,000 |
| S-HNI Minimum | 2 | 8000 | ₹256,000 |
GSM Foils IPO Dates
The GSM Foils IPO date is May 24 and the IPO close date is May 28. The IPO allotment date is May 29 and the IPO might list on May 31.
| IPO Open Date: | May 24, 2024 |
| IPO Close Date: | May 28, 2024 |
| Basis of Allotment: | May 29, 2024 |
| Refunds: | May 30, 2024 |
| Credit to Demat Account: | May 30, 2024 |
| IPO Listing Date: | May 31, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
GSM Foils IPO Form
How to apply GSM Foils IPO? You can apply GSM Foils IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the GSM Foils IPO in the Invest section. The other option you can apply GSM Foils IPO via IPO forms download via the NSE website. Check out the GSM Foils forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
GSM Foils Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹36.46 | ₹35.95 | ₹0.34 |
| 2022 | ₹71.85 | ₹70.89 | ₹0.64 |
| 2023 | ₹65.89 | ₹63.57 | ₹1.43 |
| Dec 2023 | ₹27.18 | ₹25.51 | ₹1.25 |
GSM Foils IPO Valuation – FY2023
Check GSM Foils IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹28.25 per Equity Share |
| Price/Earning P/E Ratio: | 1.13 |
| Return on Net Worth (RoNW): | 17.11% |
| Net Asset Value (NAV): | ₹165.16 per Equity Share |
Peer Group
- Synthiko Foils Limited
- MMP Industries Limited
Company Promoters
- Mr. Sagar Girish Bhanushali
- Mr. Mohansingh L Parmar
GSM Foils IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
GSM Foils IPO Allotment Status
Check GSM Foils IPO allotment status on Bigshare website URL. Click Here
GSM Foils IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
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: [email protected]
Website: www.gsmfoils.com
