GSM Foils Ltd
Price Range
₹32
Min. Quantity
4,000
Closes on
28 May 2024
Min. investment
₹1,28,000/4,000 Shares
GSM Foils Ltd IPO Timeline
GSM Foils Ltd was originally formed as Limited Liability Partnership Firm under the name and style of 'M/s. GSM Foils LLP' pursuant to a Certificate of incorporation issued by Registrar of Companies, Central Registration Centre, dated April 05, 2019. M/s. GSM Foils LLP was converted into a Private Limited Company 'GSM Foils Private Limited' and fresh a Certificate of Incorporation dated June 27, 2023 was issued by Registrar of Companies, Central Registration Centre. The Company has been converted into a Public Limited Company and the name of Company changed to 'GSM Foils Limited' pursuant to a fresh Certificate of incorporation dated September 04 2023 issued by the Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| GSM Foils Ltd IPO Opening Date | 24 May 2024 |
| GSM Foils Ltd IPO Closing Date | 28 May 2024 |
| Basis of Allotment | 29 May 2024 |
| Initiation of Refunds | 30 May 2024 |
| Credit of Shares to Demat | 30 May 2024 |
| GSM Foils Ltd IPO Listing Date | 31 May 2024 |
GSM Foils Ltd IPO Details
| GSM Foils Ltd IPO Date | 24 May 2024 to 28 May 2024 |
| GSM Foils Ltd IPO Face Value | ₹10 per share |
| GSM Foils Ltd IPO Price | ₹32 to ₹0 per share |
| GSM Foils Ltd IPO Lot Size | 4,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹11.01 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹11.01 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sagar Girish Bhanushali, Mohansinghl Parmar |
GSM Foils Ltd IPO Lot Size
The GSM Foils Ltd IPO lot size is 4,000 shares. A retail-individual investor can apply for up to 1 lots (4,000 shares or ₹1,28,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 4,000 | ₹1,28,000 |
| Maximum | 1 | 4,000 | ₹1,28,000 |
- Strengths
- Risks
- Opportunities
- Cost effective production and timely fulfilment of orders.
- Experienced Promoters and management team.
- Well Equipped Manufacturing Facility.
- Quality assurance and standards.
- Wide range of its products.
- Well established relationship with clients.
Company Financials
GSM Foils Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 19.97 | 40.83 | 1.37 |
| 12-2023 | 22.08 | 27.18 | 1.25 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of capital expenditure towards purchase of plant and machineries
- Funding working capital requirements of the company
- General corporate purpose
GSM Foils Ltd IPO Promoter Holding
| Pre Issue Share Holding | 47.67% |
| Post Issue Share Holding | 34.87% |
GSM Foils Ltd IPO Subscription Status (Bidding Detail)
The GSM Foils Ltd IPO is subscribed 240.3977 times on 28 May 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 240.3977 |
GSM Foils Ltd IPO Prospectus
GSM Foils Ltd IPO Listing Date
| Listing Date | 31 May 2024 |
| BSE Script | 92965 |
| NSE Symbol | GSMFOILS |
| Listing In | NSE - SME |
| ISIN | INE0SQY01018 |
| IPO Price | ₹32 |
| Face Value | ₹10 |
Company Contact Information
Gala # 06/106/206/306 SapphireBld Diamond.Ind.Est Vasai E IE,Thane-401208
Phone: +91 84689 68102
Email: investors@gsmfoils.com
Website: www.gsmfoils.com
GSM Foils Ltd IPO Registrar
GSM Foils Ltd IPO Lead Manager(s)
- Shreni Shares Ltd
FAQ
What is the issue size of GSM Foils Ltd IPO?
I have pre-applied for GSM Foils Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.