GSM Foils IPO Subscription Status – IPO Closed

GSM Foils IPO subscription status started on Friday May 24, 2024 and will close on May 28, 2024. GSM Foils IPO to raise around ₹11.01 crores via IPO. The retail quota is 50%, QIB is [.]% and NII is 50%. The price band is fixed at ₹32 per equity share.

GSM Foils IPO

Table of Contents

The GSM Foils IPO minimum market lot is 4000 shares with ₹128,000 application amount. The GSM Foils IPO is a SME IPO, and it is to be listed on NSE.

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.


IPOWatch View

We recommend investors may apply for an IPO with Avoid. Investors should also look at the QIB, NII, and Retail numbers before investing.

GSM Foils IPO Subscription Status – Day 3

CategoryDay 1Day 2Day 3
NII5.2830.46259.51
RII31.56106.12247.01
Total18.4368.35257.26


GSM Foils IPO Investor Categories

  • Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
  • Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
  • Retail Individual Investors (RII): Retail Individual Investors or NRIs
  • Employee (EMP): Eligible Employees
  • Others: Eligible Shareholders

GSM Foils IPO Review

  • Avoid

GSM Foils IPO Form

How to apply for the GSM Foils IPO? You can apply for 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 is you can apply for GSM Foils IPO via IPO forms downloaded online. Check out the GSM Foils forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.

GSM Foils IPO Subscription Status FAQs:


When GSM Foils IPO Subscription will start?

The IPO subscription starts on May 24, 2024 for NII, and Retail Investors.

How to subscribe GSM Foils IPO?

You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.

How do I check live GSM Foils IPO Subscription Numbers Today?

One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.

How to Apply the GSM Foils IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “GSM Foils “. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the GSM Foils IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “GSM Foils “. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the GSM Foils IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “GSM Foils ” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

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