GSM Foils Ltd

Non Ferrous Metals

Offer Period :

24th to 5th May 2024

GSM Foils Ltd IPO Details

IPO Date 24th to 5th May 2024 Minimum Investment ₹128000 / 1 Lots
Listing Date 2024-05-31 Maximum Investment ₹128000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹11.01 Crores
Price ₹32 to ₹32 per share Fresh Issue ₹11.01 Crores
Lot Size 1 Lots (4000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 24th to 5th May 2024
Listing Date 2024-05-31
Face Value ₹10 per share
Price ₹32 to ₹32 per share
Lot Size 1 Lots (4000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹128000 / 1 Lots
Maximum Investment ₹128000 / 1 Lots
Total Issue Size ₹11.01 Crores
Fresh Issue ₹11.01 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

24th May

IPO Starts

28th May

IPO Ends

29th May

Allotment Date

30th May

Initiation of Refund

30th May

Credit of Shares to Demat Account

31st May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.98 73.14
Public Group 0.02 26.86

GSM Foils Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1632000(47.44%)
Retail Shares Offered 1632000(47.44%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3440000
Total Shares With Anchor Investor 3440000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

GSM Foils Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number 022 - 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

GSM Foils Ltd IPO Lead Manager

1. Shreni Shares Ltd

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GSM Foils Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 18,08,000 42,37,04,000 1,00,816.0
Retail Individual Investors (RIIs) 16,32,000 40,32,64,000 1,00,816.0
Total 34,40,000 84,00,00,000 1,00,816.0

Strength of GSM Foils Ltd

1. Cost effective production and timely fulfilment of orders.

2. Experienced Promoters and management team.

3. Well Equipped Manufacturing Facility.

4. Quality assurance and standards.

5. Wide range of its products.

6. Well established relationship with clients.

Risks Involved

1. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

2. Any disruptions to the supply, or increases in the pricing, of the raw materials, may adversely affect the supply and pricing of its products and, in turn, adversely affect the company's Business, Cash Flows, Financial Condition and Results of Operations.

3. Any slowdown or shutdown of its Manufacturing operations at the company's Manufacturing Facilities could have an adverse effect on its Business, Financial Condition and Results of Operations.

4. Its existing manufacturing facility is concentrated in a single region i.e., Mumbai, Maharashtra and any inability to operate and grow its business in this particular region may have an adverse effect on its business, financial condition, results of operations, cash flows and future business prospects.

5. The company generates its major portion of sales from its operations in certain geographical regions especially, Gujarat, Dadra & Nagar Haveli and Maharashtra. Any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

6. The Company is reliant on the demand from the pharmaceutical industry for a significant portion of its revenue. Any downturn in the pharmaceutical industry or an inability to increase or effectively manage the company sales could have an adverse impact on the Company's business and results of operations.

7. The company does not have long-term agreements with suppliers for its raw materials and any shortfall in the availability or quality of such raw materials could have an adverse effect on its business, financial condition and results of operations.

8. The company depends on the success of its relationships with the company's customers. Its derives a significant part of its revenue from the company's top 10 customers and the company does not have long term contracts with these customers. If such customers choose not to source their requirements from it, its business, financial condition and results of operations may be adversely affected.

9. The industry in which the company operates is labour intensive and its manufacturing operations may be materially adversely affected by strikes, work stoppages or increased wage demands by its employees or those of the company suppliers.

10. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

GSM Foils Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-31 92965 GSMFOILS
INE0SQY01018
₹32 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹32 ₹32
Open ₹0 ₹32
Low ₹0 ₹30.5
High ₹0 ₹33.6
Low ₹0 ₹30.5

Frequently Asked Questions

What is GSM Foils Ltd IPO?

Answer Field

GSM Foils Ltd IPO is a SME IPO of 34,40,000 equity shares of a face value of ₹10 aggregating up to ₹11.01 Crores. The issue is priced at ₹32 to ₹32 per share. The minimum order quantity is 4000 Shares. The IPO opens on May 24, 2024, and closes on May 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When GSM Foils Ltd IPO will open?

Answer Field

The GSM Foils Ltd IPO opens on May 24, 2024 and closes on May 28, 2024.

What is the lot size of GSM Foils Ltd?

Answer Field

GSM Foils Ltd lot size is 4000 shares, and the minimum amount required is ₹1,28,000.

How to apply for GSM Foils Ltd IPO?

Answer Field

You can apply in GSM Foils Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is GSM Foils Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for GSM Foils Ltd IPO will be done on May 29, 2024, and the allotted shares will be credited to your demat account by May 30, 2024.

When is GSM Foils Ltd IPO listing date?

Answer Field

The GSM Foils Ltd listing date is May 31, 2024.

Who is the registrar of GSM Foils Ltd IPO?

Answer Field

The registrar of GSM Foils Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Shreni Shares Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of GSM Foils Ltd IPO?

Answer Field

The fresh issue size is ₹11.01 Crores equity shares.

What minimum lot size can retail subscribers subscribe to GSM Foils Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 4000 shares and ₹1,28,000 amount.

How can I approve the UPI mandate request for GSM Foils Ltd IPO?

Answer Field

To apply for GSM Foils Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of GSM Foils Ltd?

Answer Field

The price of each GSM Foils Ltd share will be ranging in between ₹32 to ₹32 per share.

What is the cut-off time for the UPI mandate for GSM Foils Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 28, 2024.

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