GSM Foils Limited IPO (GSM Foils IPO)

GSM Foils Limited IPO
Upcoming GSM Foils IPO | New GSM Foils IPO

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 Date24 May 2024
IPO Closing Date28 May 2024
Issue TypeFixed Price Issue IPO
Issue Size34,40,000 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 Lot4000 Shares
Min Order4000 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50%
Other Shares Offered50%

GSM Foils IPO – Date Schedule

IPO Open Date24 May 2024
IPO Close Date28 May 2024
Basis of Allotment29 May 2024
Initiation of Refund30 May 2024
Credit of Shares to Demat Account30 May 2024
IPO Listing Date31 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 28, 2024

GSM Foils IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)14000₹1,28,000
Retail (Maximum)14000₹1,28,000
HNI (Minimum)28000₹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.
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202136.4635.950.33
31 March 202271.8570.890.632.19
31 March 202365.8863.571.422.42
31 December 202327.1725.511.2414.12
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)4.59
EPS (Rs)1.531.3
P/E (x)20.9824.64

GSM Foils IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding73.14%

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

GSM Foils IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

GSM Foils IPO Lead Manager(s)

1. Shreni Shares Limited


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.
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