Quality Foils (India) Limited is engaged in the manufacturing and exporting of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible Hoses/pipes.
The company uses raw materials of premium quality i.e. Hot Rolled Stainless Steel Coils/Strips mainly from Jindal Stainless Hissar Limited, Hissar to produce its products.
Quality Foils is among India’s prospering manufacturers and exporters of Cold Rolled Stainless Steel Strips/ Coils and Stainless Steel Flexible hose pipes. The entity has experience of over three decades in the manufacturing of stainless steel products.
The products of the company are categorized in two segments, which are:
- Cold Rolled Stainless Steel Coils/Strips;
- Stainless Steel Flexible Hose Pipes
The deliverables of Quality Foils (India) Limited are offered under the brand name “Quality”. The products of the company are further used in the manufacturing of SS Tube/Pipe, Utensils, Cutlery, Kitchen Sinks, Stainless Steel Flexible Hoses.
Further, these are used for Automobile components and Flexible Hose pipes for major applications such as high temp & medium pressure for Hydraulic Oil, Hot Water, Steam & Gas applications, chemical resistance, exhaust systems of steel, power, petrochemical, sugar, automobile, and many other heavy engineering sectors.
Quality Foils IPO – Details
| IPO Opening Date | 14 March 2023 |
| IPO Closing Date | 16 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 7,54,000 Shares Worth ₹4.52 Crore Fresh Issue: 7,54,000 Shares Worth ₹4.52 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Quality Foils IPO – Date Schedule
| IPO Open Date | 14 March 2023 |
| IPO Close Date | 16 March 2023 |
| Basis of Allotment | 21 March 2023 |
| Initiation of Refunds | 22 March 2023 |
| Credit of Shares to Demat Account | 23 March 2023 |
| IPO Listing Date | 24 March 2023 |
Quality Foils IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,20,000 |
| Maximum | 1 | 2000 | 1,20,000 |
Competitive Strengths
- Experienced management and efficient workforce.
- Comprehensive solution provider offering diversified suite of precision products across geographies and end-user industries.
- Scalable business.
- A strong regional presence.
- Consistent track record of growth and financial performance.
- Strong long-standing relationships with clients & suppliers within the industry.
- Strong, experienced and dedicated senior management team and qualified workforce.
Company Promoters
- Mr. Kuldip Bhargava
- Mr. Tejasvi Bhargava
Object Of The Issue
- Funding capital expenditure requirements towards purchase of machinery.
- To meet the working capital requirements of the Company;
- General Corporate Expenses.
- To meet the Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 152.10 | 150.79 | 1.07 |
| 31 March 2021 | 124.36 | 123.04 | 0.95 |
| 31 March 2022 | 180.30 | 178.08 | 1.61 |
| 30 September 2022 | 104.71 | 103.26 | 2.05 |
Quality Foils IPO Promoter Holding
| Pre Issue Share Holding | 72.80% |
| Post Issue Share Holding |
Quality Foils IPO Prospectus
Company Contact Information
| Quality Foils (India) Limited 3, Industrial Development Colony, Hisar, Haryana-125005 Phone: 01662-220327, 28 Email: cs@qualityfoils.com Website: http://www.qualitygroup.in/ |
Quality Foils IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Quality Foils IPO Lead Manager(s)
| 1. Khambatta Securities Limited |
Quality Foils IPO FAQs
| What is Quality Foils IPO? Quality Foils IPO is a SME IPO. The issue is priced at ₹60 per equity share. The IPO is to be listed on NSE SME. |
| When Quality Foils IPO will open? The IPO is to open on 14 March 2023 for NII and Retail Investors. |
| What is Quality Foils IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to Quality Foils IPO? You can apply Quality 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 Quality Foils IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Quality 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 5 Paisa. |
| How to Apply the Quality Foils IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Quality 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 Edelweiss. |
| What is Quality Foils IPO Size? Quality Foils IPO size is ₹4.52 crores. |
| What is Quality Foils IPO Price Band? Quality Foils IPO Price Band is ₹60. |
| What is Quality Foils IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,20,000 amount while the maximum bid is 2000 shares with ₹1,20,000. |
| What is the Quality Foils IPO Allotment Date? Quality Foils IPO allotment date is 21 March 2023. |
| What is the Quality Foils IPO Listing Date? Quality Foils IPO listing date is 24 March 2023. The IPO is to list on NSE SME. |
