GSM Foils Limited

24 May 2024 - 28 May 2024 Individual Category SME NSE

Min Investment

₹256000

Price Band

₹32

Issue Size

34.4 lakhs
Equity Shares

Lot Size

4000 (per lot)

IPO Dates
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24 May 2024

Open Date

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28 May 2024

Close Date

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29 May 2024

Allotment Date

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31 May 2024

Listing Date

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. 

Founded

2019

Managing Director

Mahesh Virchand Mehta

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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