GSM Foils Limited manufactures Blister Foils and Aluminium Pharma Foils, also known as “Strip Foils,” used for packaging pharmaceutical medicines such as capsules and tablets. These foils are primary packaging materials that come into direct contact with the medicine, so utmost care is taken to ensure their quality.
The company has established a manufacturing facility at Sapphire Building in Thane, Vasai, Maharashtra, covering an area of 7,973 square feet across the ground plus 3 floors. The manufacturing facilities are fully equipped with tools, machinery, and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research, storage, and packaging.
The company is ISO 9001:2015 certified company. The company has a presence across India with clients in 13 states and 1 Union territory in the domestic market. As of February 28, 2024 the company has 39 employees on payroll basis.
GSM Foils IPO – Details
| IPO Opening Date | 24 May 2024 |
| IPO Closing Date | 28 May 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 34,40,000 Shares Worth ₹11.01 Crore Fresh Issue: 34,40,000 Shares Worth ₹11.01 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹32 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
GSM Foils IPO – Date Schedule
| IPO Open Date | 24 May 2024 |
| IPO Close Date | 28 May 2024 |
| Basis of Allotment | 29 May 2024 |
| Initiation of Refund | 30 May 2024 |
| Credit of Shares to Demat Account | 30 May 2024 |
| IPO Listing Date | 31 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 28, 2024 |
GSM Foils IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 4000 | ₹1,28,000 |
| Retail (Maximum) | 1 | 4000 | ₹1,28,000 |
| HNI (Minimum) | 2 | 8000 | ₹2,56,000 |
Competitive Strengths
- Cost effective production and timely fulfilment of orders;
- Experienced Promoters and management team;
- Well Equipped Manufacturing Facility;
- Quality assurance and standards;
- Wide range of our products;
- Well established relationship with clients;
Company Promoters
- Mr. Sagar Girish Bhanushali
- Mr. Mohansingh L Parmar
Object Of The Issue
- Funding of capital expenditure towards the purchase of Plant and Machineries.
- Funding Working Capital Requirements of the company.
- General corporate purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 36.46 | 35.95 | 0.33 | – |
| 31 March 2022 | 71.85 | 70.89 | 0.63 | 2.19 |
| 31 March 2023 | 65.88 | 63.57 | 1.42 | 2.42 |
| 31 December 2023 | 27.17 | 25.51 | 1.24 | 14.12 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.62% |
| ROCE | 1.60% |
| Debt/Equity | 11.13 |
| RoNW | 98.27% |
| P/BV | 1.27 |
| PAT Margin (%) | 4.59 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.53 | 1.3 |
| P/E (x) | 20.98 | 24.64 |
GSM Foils IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.14% |
GSM Foils IPO Prospectus
Company Contact Information
| GSM Foils Limited Gala No 06/106/206/306, Sapphire Building Diamond Industrial Estate, Vasai East IE, Thane- 401208 Phone: +9184689 68102 Email: investors@gsmfoils.com Website: https://www.gsmfoils.com/ |
GSM Foils IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
GSM Foils IPO Lead Manager(s)
| 1. Shreni Shares Limited |
GSM Foils IPO FAQs
| What is GSM Foils IPO? GSM Foils IPO is a SME IPO. The issue is priced at ₹32 per equity share. The IPO is to be listed on NSE SME. |
| When GSM Foils IPO will open? The IPO is to open on 24 May 2024 for Retails – 50.00% and Other – 50.00% Investors. |
| How to GSM Foils IPO? You can apply for GSM Foils IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the GSM Foils IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “GSM Foils”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the GSM Foils IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “GSM Foils”. Click on the 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 Edelweiss. |
| What is GSM Foils IPO Size? GSM Foils IPO size is ₹11.01 crores. |
| What is GSM Foils IPO Price Band? GSM Foils IPO Price Band is ₹32. |
| What is GSM Foils IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,28,000 amount while the maximum bid is 4000 shares with ₹1,28,000. |
| What is the GSM Foils IPO Allotment Date? GSM Foils IPO allotment date is 29 May 2024. |
| What is the GSM Foils IPO Listing Date? GSM Foils IPO listing date is 31 May 2024. The IPO is to list on NSE SME. |
