GSM Foils Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹32 - ₹32
- Lot size
- 4,000 shares
- Issue amount
- ₹11.01 cr
- Total subscription
- 253.32×
- Opens
- 24 May 2024
- Closes
- 28 May 2024
- Allotment
- 29 May 2024
- Listing
- 31 May 2024
Offer at a glance
Issue overview
- Issue size
- 34,40,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹11.01 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,28,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 93,71,649
- Shares after issue
- 1,28,11,649
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 4,000 | ₹1,28,000 |
| HNI | 2 | 8,000 | ₹2,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 5.22 | 1,290.01 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 24.66 | 1.71 | 0.97 |
| ROE | 23.62 | 19.13 | 9.67 |
| ROCE | 1.6 | 0.34 | 0.2 |
| RONW | 98.27 | 17.11 | 9.66 |
| PRE IPO(PE) | 1.27 | 0 | 0 |
| POST IPO(PE) | 20.98 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
GSM Foils Limited started in April 2019 and specializes in making Blister Foils and Aluminium Pharma Foils (also called Strip Foils) used to pack medicines like capsules and tablets. Since these foils directly touch medicines, the company follows top-quality standards to ensure safety. Their manufacturing unit is located in the Sapphire Building, Thane, Vasai, Maharashtra, spread across 7,973 sq. ft. with advanced machinery for production, testing, research, storage, and packaging — all under one roof. The company holds an ISO 9001:2015 certification, proving its dedication to quality. GSM Foils serves customers across 13 states and 1 Union Territory in India, with 39 employees as of February 28, 2024.
Strengths
- Affordable Production: GSM Foils Limited offers high-quality blister and aluminum pharma foils at competitive prices through efficient manufacturing processes.
- Experienced Team: The company is led by experienced promoters and a skilled management team, ensuring smart business growth and smooth operations.
- Modern Manufacturing Facility: The advanced facility in Thane, Vasai, Maharashtra, is equipped with the latest machinery, ensuring top-notch quality, seamless production, and on-time delivery.
Risk factors
- Legal Issues: The company is dealing with some legal cases, and if the outcome is not in its favor, it could harm its business, reputation, and profits.
- Factory Operations: Any slowdown or temporary shutdown of the company's manufacturing units could seriously impact its business, finances, and overall performance.
- Raw Material Supply: The company doesn't have long-term contracts with raw material suppliers, which could lead to supply shortages or quality issues, affecting production and business performance.
Promoters
Mr. Sagar Girish Bhanushali
Mr. Mohansingh L Parmar
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane- 401208
+9184689 68102
[email protected]Company website ↗Understanding GSMFOILS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.