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GSM Foils IPO – GMP, Details & Review

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GSM Foils Limited who are in the business of manufacturing Blister Foils and Aluminium Pharma Foils are raising ₹11.01 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 24 May, 2024 and will close on 28th May, 2024. The IPO Price band is set to ₹32 and a retail investor can do minimum investment of ₹128,000 for a single lot of 4000 shares.

GSM Foils offer Aluminium foils in different sizes, shapes and thickness to meet diverse needs of our clients. The range of our products includes plain and printed aluminium foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated / ploy laminated / blister / strip printed foils.

Company also manufacture Blister Foils which are commonly used as unit-dose packaging for pharmaceutical tablets. Blister foils are suitable for hard packing of medical and pharmaceutical products. Company is offering products which are quality tested as per industrial standards. As an ISO 9001:2015 certified company, their aim is to provide products at a competitive price, therefore, they have invested in suitable manufacturing techniques and have presented a wide assortment of highly demanded products.

GSM Foils IPO Important Dates And Prices

IPO Opening DateMay 24, 2024
IPO Closing DateMay 28, 2024
IPO Allotment DateMay 29, 2024
Date of Refund InitiationMay 30, 2024
Single Price₹32
Total Shares4000/Lot
Minimum Investment₹128,000
IPO ListingMay 31, 2024
Listing OnNSE SME

GSM Foils IPO Other Important Details

IPO Issue Size₹11.01 Crores
IPO Face Value₹10/Share
IPO Retail Percentage50%
NII Percentage50%
Retail Min. Investment (1 Lot)₹128,000 (4000 Shares)
Retail Max. Investment (1 Lot)₹128,000 (4000 Shares)
S-HNI Min. Investment (2 Lots)₹256,000 (8000 Shares)
IPO Mandate Last Date28 May, 2024 (Till 5 PM)
IPO RegistrarBigshare Services Pvt. Ltd.

GSM Foils IPO GMP (Grey Market Premium)

Day By Day analysis of GSM Foils Limited IPO GMP. IPO Grey Market Premium can increase or decrease depending upon the buyer interests.

DateGMP
As On 22-05-202435
As On 22-05-20245
As On 23-05-20245
As On 24-05-20245
As On 25-05-20248
As On 27-05-20248

GSM Foils Limited Promoters

  • Mr. Sagar Girish Bhanushali (Chairman and Whole Time Director)
  • Mr. Mohansingh L Parmar (Managing Director)

Shareholding Pattern or Promoter Holding in GSM Foils IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue937,026999.98%
Post Issue[●]73.14%

GSM Foils Limited Qualities & Strength

  • Company uses premium packaging and ethical business practices.
  • Cost effective production and timely fulfilment of orders.
  • Well Equipped Manufacturing Facility.
  • Quality assurance and standards.
  • Wide range of our products & Well established relationship with clients.
  • All of their products are tested periodically according to the standards in their inhouse laboratory.
IncorporationRegistered OfficeWebsiteIPO Doc
April 05, 2019Gala No 06/106/206/306, Sapphire
Building, Diamond Industrial Estate,
Vasai East IE, Thane, Maharashtra,
India, 401208
www.gsmfoils.comRHP PDF

Objectives of the GSM Foils IPO Issue

GSM Foils Limited Company is going to use the funds in:

  • Funding of capital expenditure towards purchase of Plant and Machineries (Company is planning to increase their production capacity by way of installation of new plant and machineries at their existing Manufacturing Facility).
  • Funding Working Capital Requirements
  • General corporate purposes

In addition, our Company expects to receive the benefits of listing of Equity Shares on the NSE Emerge including enhancing our visibility and our brand image among our existing and potential customers and creating a public market for our Equity Shares in India.

Read More: Upcoming SME IPO 2024


GSM Foils IPO Review (May Apply)

Financials31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
EBITDA (₹ in millions)202.72283.84131.5872.07
PAT (₹ in millions)124.79142.9763.6533.93
EBITDA Margin (%)7.46%4.31%1.83%1.98%
PAT Margin (%)4.59%2.17%0.89%0.93%
ROE (%)23.6219.139.675.30
ROCE (%)1.600.340.200.11
EPS (in ₹)24.661.710.970.52
RONW %98.2717.119.665.16
  • GSM Foils Limited company has an EBITDA of about 202.72.
  • EBITDA Margin % Increased From 4.31 to 7.46 in the last 9 Months.
  • PAT Margin And ROE % also Increased in the previous 9 Months.
  • ROCE % goes from 19.13 to 23.62 which is good.
  • RONW % is 98.27 in last 9 Months which is increased from 17.11 of previous year which appears to be unusual.

After proper review of GSM Foils Limited Company Financial Stats of Previous Years, Our Review for this IPO is you May Apply For this IPO after checking the 1st day Subscription Status and market trend. Check GSM Foils IPO Grey Market Premium also before applying for this IPO.


FAQ’s Related to GSM Foils IPO

  1. From Which Date GSM Foils IPO will open?

    GSM Foils IPO will open from Friday, 24 May, 2024.

  2. What is the last date to apply for the Mandate of GSM Foils IPO?

    GSM Foils IPO last date to apply for the Mandate is Tuesday, 28th May, 2024.

  3. What is the total issue size of GSM Foils IPO?

    GSM Foils IPO total issue size is approximately ₹11 Crores (3,440,000 Equity Shares)

  4. What is the percentage of Shares offered to Retail Investors in GSM Foils IPO?

    Retail Investors are offered 50% of Total Shares, QIB Investors are offered 0% and Remaining 50% is for NII Investors.

  5. Who is the registrar of GSM Foils Limited Company IPO?

    GSM Foils Limited IPO Registrar is Bigshare Services Pvt. Ltd. and Lead Manager is Shreni Shares Ltd.

  6. Can I submit multiple applications for GSM Foils IPO from different Apps?

    No, You can not submit multiple applications From different apps using same PAN card. If you do so, all of your applications will be cancel.


How You Can Apply For GSM Foils IPO?

  • In order to apply for the GSM Foils Limited SME IPO, you must first open a DEMAT account.
  • You can open a DEMAT account online on your smartphone with apps like Groww, Paytm Money, Angel One, Upstox, Zerodha, and Upstox.
  • Open the app after creating your DEMAT account, then search for the IPO section.
  • Choose the GSM Foils IPO and press the Apply button to submit an application for the Mandate.
  • Enter the number of shares or lot size for which you want to apply for, whichever option is displayed in your app.
  • After that, apply for that IPO by entering your desired bid price. Applying at the cutoff price is recommended.
  • Click “Continue” after that. There will be a new screen that asks for your UPI ID to be added. Enter UPI.
  • After selecting Apply for IPO, you will shortly receive a Mandate Request on your UPI Platform. It can sometimes take up to an hour as well. So, don’t panic and just wait.
  • After receiving a mandate, click Accept Mandate in the UPI App, enter the mandate amount and your UPI Pin, and Hit Enter.
  • After the mandate is successfully accepted, the Bank will hold the IPO Amount until the day that refunds start.
  • If you are allotted GSM Foils IPO shares on the IPO Allotment Day, which is Wednesday, May 29, 2024, your funds will be permanently deducted from your bank account.

Are you planning to apply for GSM Foils IPO? Please feel free to express your ideas and opinions in the comment section below! Your comments can benefit other users too. Keep Reading & Keep Investing !!

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