GSM Foils IPO: What Investors Need to Know Before Investing?

GSM Foils IPO is open for subscription starting Friday, May 24, 2024, and closing on Tuesday, May 28, 2024. The price of this upcoming IPO is decided at Rs 32 per share. The minimum lot size set for the retail category is 4000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 8000 shares. The minimum investment required for retail category investors is Rs 1,28,000 (32 x 4000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,56,000 (32 x 8000 shares). GSM Foils IPO is a fixed price issue of Rs 11.01 crores. This upcoming IPO is an entirely fresh issue of 34.4 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, May 29, 2024. GSM Foils IPO will be listed on NSE SME, and the listing date is fixed on Friday, May 31, 2024. The book-running lead manager of GSM Foils IPO is Shreni Shares Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this issue is Shreni Shares.

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About GSM Foils Limited

GSM Foils Limited, incorporated in 2019, manufactures Blister Foils and Aluminium Pharma Foils, also known as Strip Foils. These Foils are used for packaging pharmaceutical medicines such as capsules and tablets. It is preliminarily packaging materials that come into direct contact with the medicine, so special care is taken to maintain their quality. GSM Foils started its manufacturing facility at Sapphire Building in Thane, Maharashtra, with a covered area of 7,973 sq feet. Their facilities are fully equipped with tools, machinery and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research and storage. GSM Foils has a presence across India with clients in 13 states and one Union territory in the domestic market. As of February 2024, the company had a team of 29 employees on a payroll basis. 

Objectives of GSM Foils IPO

The net amount received from this initial public offer will be used to fund the purchase of plant and machinery. Also to fund the day-to-day expenditure requirements of the company. Additionally, for fulfilling the general corporate purposes. 

Financials of GSM Foils Limited (Amt in Rs Lakhs)

GSM Foils posted a revenue of Rs 2,717.87 lakhs and net profit of 124.79 lakhs for the period ending on 31 Dec 2023. The revenue decreased by -8.3% and profit after tax increased by 124.62% between 31 March 2023 and 31 March 2022.

Other Important Details of GSM Foils IPO

Time-Table of GSM Foils IPO

Lot Size of GSM Foils IPO

IPO Reservation of GSM Foils Limited

Key Performance Indicator of GSM Foils Limited IPO

The market capitalization of GSM Foils is Rs 41 crore.

EPS and P/E Ratio Post IPO

Promoters of GSM Foils Limited and Their Holdings

The promoters of GSM Foils company are Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar.

Lead Manager(s) of GSM Foils IPO

The lead manager for GSM Foils IPO is Shreni Shares Limited.

How do you apply for the GSM Foils IPO?

How do you check the allotment status of GSM Foils IPO?

The registrar for GSM Foils IPO is Bigshare Services Private Limited. To check your allotment status, please click here.

FAQs

1. What are the details of GSM Foils IPO?

GSM Foils IPO is a fixed price issue of Rs 11.01 crores. This upcoming IPO is a completely fresh issue of 34.4 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, May 29, 2024. 

2. Who are the lead managers for the GSM Foils Limited IPO?

Shreni Shares Limited is appointed as the lead manager for the IPO.

3. What is the role of Bigshare Services Private Limited in this IPO?

Bigshare Services Private Limited is the registrar for GSM Foils Limited, handling the IPO's administrative aspects.

4. How can I apply for the GSM Foils IPO?

The public subscription of this new IPO will open on May 24, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net amount received from this initial public offer will be used to fund the purchase of plant and machinery. Also to fund the day-to-day expenditure requirements of the company. Additionally, for fulfilling the general corporate purposes. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the GSM Foils Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of GSM Foils Limited?

GSM Foils posted a revenue of Rs 2,717.87 lakhs and net profit of 124.79 lakhs for the period ending on 31 Dec 2023. The revenue decreased by -8.3% and profit after tax increased by 124.62% between 31 March 2023 and 31 March 2022.

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