GSM Foils IPO Review

 
GSM Foils IPO Review

IPO Open Date: May 24, 2024

IPO Close Date: May 28, 2024

IPO Price: ₹32 per share

Lot Size: 4000 Shares

Listing: May 31, 2024

GSM Foils is scheduled to hit the market on May 24, 2024 and close on May 28, 2024. GSM Foils plans to raise around ₹11.01 Cr through an IPO with a sale of up to 3,440,000 equity shares of ₹10 each.  The Retail offered 50%, Other Shares Offered 50%

Incorporated in April 2019, GSM Foils specializes in manufacturing Blister Foils and Aluminium Pharma Foils, commonly referred to as “Strip Foils,” which are essential for packaging pharmaceutical products like capsules and tablets. These foils serve as crucial primary packaging materials that directly interact with the medicine, emphasizing the company's commitment to ensuring top-notch quality standards. Situated at Sapphire Building in Thane, Vasai, Maharashtra, the company's expansive manufacturing facility spans 7,973 square feet across the ground floor and three additional levels. The state-of-the-art facilities are fully equipped with cutting-edge tools, machinery, and amenities to facilitate smooth manufacturing operations, streamlined production processes, quality assessments, research activities, as well as storage and packaging requirements.

Furthermore, GSM Foils holds an ISO 9001:2015 certification, underscoring its dedication to maintaining high-quality standards and processes. With a widespread presence throughout India, the company caters to clients located in 13 states and 1 Union territory within the domestic market. As of February 28, 2024, the company boasts a dedicated workforce of 39 employees on its payroll, further exemplifying its commitment to operational excellence and customer satisfaction.

GSM Foils



GSM Foils IPO Details

GSM Foils IPO opens on May 24, 2024, and closes on May 28, 2024. The Listing date for GSM Foils IPO is on May 31, 2024. The price band for IPO is ₹32 per share and lot size of 4000 Shares.

IPO DateMay 24, 2024 to May 28, 2024
Listing DateMay 31, 2024
Price₹32 per share
Lot Size4000 Shares
Issue Size₹11.01 Cr
Face Value₹10 per share

GSM Foils IPO Tentative Timetable

GSM Foils opening date is May 24, 2024 and close date is May 28, 2024. The IPO allotment date is May 29, 2024. The refund initiation of IPO is on May 30, 2024. The credit of shares in demat account is on May 30, 2024. The listing date is on May 31, 2024.

EventDate
IPO OpeningMay 24, 2024
IPO ClosingMay 28, 2024
IPO Allotment DateMay 29, 2024
Refund InitiationMay 30, 2024
Shares Credit to DematMay 30, 2024
Lisiting DateMay 31, 2024

GSM Foils IPO Lot Size

Lot Size of this IPO is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128,000).

CategoryLotsSharesAmount
Retail(Minimum)14000₹128,000
Retail(Maximum)14000₹128,000
HNI (Minimum)28000₹256,000

GSM Foils IPO Promoter Holding

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

GSM Foils IPO Review

GSM Foils Ltd., a company engaged in the production of Blister Foils and Aluminium Pharma Foils, is gearing up for its inaugural Initial Public Offering (IPO). The company's core focus lies in providing essential packaging materials for pharmaceutical products such as capsules and tablets, emphasizing the critical need for quality and precision in this sector. With a product portfolio encompassing plain and printed aluminium foils, strip foils, and alum base foils in various sizes and thicknesses, GSM Foils Ltd. demonstrates a commitment to meeting diverse client requirements within the pharmaceutical industry.

In terms of financial performance, GSM Foils Ltd. has showcased a mixed trajectory over recent fiscal periods. While the company experienced a surge in bottom-line figures in FY23 despite a slight decline in topline growth, its performance in FY24 has raised concerns due to inconsistencies between revenue and net profit margins. The IPO pricing, with a P/E ratio of 17.58 based on FY24 earnings, hints at a fully valued offering. This suggests that potential investors should exercise caution and conduct thorough due diligence before committing funds to ensure alignment with their investment objectives.

In conclusion, the GSM Foils Ltd. IPO presents both opportunities and challenges for prospective investors. The company's established presence across multiple Indian states and Union territories underscores its market reach and potential for growth. However, the competitive landscape and historical financial fluctuations necessitate a prudent approach from investors. Those with a long-term investment horizon and a keen understanding of the pharmaceutical packaging industry may find value in allocating moderate funds to GSM Foils Ltd.'s IPO, provided they are comfortable with the associated risks and market dynamics.

GSM Foils IPO Subscription Status (Bidding Details)

Table not found

GSM Foils IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

GSM Foils IPO FAQs

What is GSM Foils IPO?

GSM Foils is issuing 3,440,000 equity shares with a face value of 10 each, totaling up to ₹11.01 Cr. The shares are being offered at a price of ₹32 each, with a minimum order quantity of 4000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When GSM Foils IPO will open?

GSM Foils will open on May 24, 2024 for QIB, NII, and Retail Investors.

When GSM Foils IPO will end?

GSM Foils will end on May 28, 2024.

What is GSM Foils IPO Size?

GSM Foils IPO size is 11.01 Cr.

What is GSM Foils IPO Price Band?

GSM Foils price band is ₹32 per share.

What is the GSM Foils IPO Allotment Date?

GSM Foils allotment date is May 29, 2024.

What is the GSM Foils IPO Listing Date?

GSM Foils listing date is May 31, 2024. The IPO is to be listed on BSE and NSE.

How to GSM Foils IPO through Zerodha?

To apply for the IPO “GSM Foils” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply GSM Foils IPO through Upstox?

To apply for the IPO “GSM Foils” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check GSM Foils IPO Allotment Status?

For GSM Foils IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is GSM Foils IPO GMP?

You can check out here: GSM Foils IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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