GSM Foils IPO Details | GMP, Date, Price, Review

GSM Foils IPO Details ( GSM Foils Limited IPO Review )

(24 May 2024 – 28 May 2024)

Founded in April 2019, GSM Foils Limited specializes in producing Blister Foils and Aluminium Pharma Foils, also known as “Strip Foils.” These materials are essential for packaging medicines like capsules and tablets, ensuring the medicine’s safety by directly contacting the packaging.

GSM Foils operates a manufacturing facility at the Sapphire Building in Thane, Vasai, Maharashtra. The plant spans 7,973 square feet over four floors, equipped with advanced tools and machinery for smooth production, quality testing, research, storage, and packaging.

The company is ISO 9001:2015 certified, highlighting its commitment to quality.

GSM Foils serves clients across India, reaching 13 states and one Union Territory. As of February 28, 2024, the company employs 39 dedicated staff members.

GSM Foils Limited IPO Competitive Strength

• Cost effective production and timely fulfilment of orders
• Skilled Promoters and management team
• Our Product Portfolio
• Well Equipped Manufacturing Facility
• Quality assurance and standards

GSM Foils IPO Financials Performance ( Results )

GSM Foils Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	720.57	3,646.23	33.93	657.82
31-Mar-22	1,050.65	7,185.04	63.65	659.06		219.20
31-Mar-23	1,438.18	6,588.69	142.97	835.73		242.43
31-Dec-23	2,208.18	2,717.87	124.79	126.99	124.79	1,412.95

Objective of GSM Foils IPO Issue

• Funding of capital expenditure towards the purchase of Plant and Machineries.
• Funding Working Capital Requirements of the company.
• General corporate purposes.

GSM Foils IPO Basic Details

IPO Date	May 24, 2024 to May 28, 2024
Listing Date	Friday, May 31, 2024
Face Value	₹10 per share
Price	₹32 per share
Lot Size	4000 Shares
Issue Size	3,440,000 shares of ₹10 (aggregating up to ₹11.01 Cr)
Fresh Issue	3,440,000 shares of ₹10 (aggregating up to ₹11.01 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share holding pre issue	9,371,649
Share holding post issue	12,811,649
Company Promoters	Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar

GSM Foils IPO Reservation

Other Shares Offered	50% of the Net Issue
Retail Shares Offered	50% of the Net Issue
Total Shares Offered	100% of the Net Issue

GSM Foils IPO Timetable

GSM Foils IPO will open on May 24, 2024 and close on May 28, 2024. You can join GSM Foils IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	24 May 2024 (Friday)
Closing Date	28 May 2024 (Tuesday)
Basis of Allotment	29 May 2024 (Wednesday)
Initiation of Refunds	30 May 2024 (Thursday)
Credit of Shares to Demat	30 May 2024 (Thursday)
Listing Date	31 May 2024 (Friday)
Deadline for UPI mandate confirmation	5 PM on 28 May 2024

GSM Foils IPO Lot Size

For retail investors in GSM Foils IPO, 4000 shares will come in 1 lot or the minimum investment will be ₹128,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹128,000.

Application	Lots	Shares	Amount
Retail (Min)	1	4000	₹128,000
Retail (Max)	1	4000	₹128,000
S-HNI (Min)	2	8000	₹256,000

GSM Foils IPO Promoter Holding

The company’s promoters include Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar.

Pre Issue Share Holding	99.99%
Post Issue Share Holding	73.14%

GSM Foils Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	41.00
Earning Per Share (EPS)	₹28.25 per Equity Share
Net Asset Value (NAV)	₹165.16 per Equity Share
P/E Ratio (P/E) (x)	20.98
Post P/E Ratio (P/E) (x)	24.64
Return on Net Worth (RoNW) (%)	98.27
Return on equity (ROE) (%)	23.62
Return on Capital Employed (ROCE) (%)	1.60
Debt/Equity Ratio	11.13
Price/Book Value Ratio	1.27

GSM Foils IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹0	–	–
19 May 2024	₹0	–	–
18 May 2024	₹0	–	–

GSM Foils IPO Detail Video:

GSM Foils IPO Subscription Status (Bidding Detail)

The GSM Foils IPO on May 28, 2024 at 7:02:00 PM was subscribed 257.30 times, with the retail category being subscribed 247.10 times, the other category being subscribed 259.51 times.

Category	Subscription
Other	259.51x
Retail	247.10x
Total	257.30x

GSM Foils IPO Prospectus

GSM Foils IPO DRHP	Download
GSM Foils IPO RHP	Download

GSM Foils IPO Rating

Our Rating

2.5/5.0

GSM Foils Company Contact Information

GSM Foils Limited

Registered Office: Gala No 06/106/206/306, Sapphire Building, Diamond Industrial Estate, Vasai East IE, Thane, Maharashtra, India, 401208;
Tel: +9184689 68102
E-mail: investors@gsmfoils.com
Website: www.gsmfoils.com
Contact Person: Mr. Pratik M Makwana, Company Secretary and Compliance Officer
Our Promoter: Mr. Sagar Girish Bhanushali and Mr. Mohansingh L Parmar

GSM Foils IPO Registrar

Bigshare Services Private Limited

Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Asif Sayyed
SEBI Registration No.: INR000001385

GSM Foils IPO Lead Manager

Shreni Shares Limited
(Formerly Known as Shreni Shares Private Limited)

Registered Office: Office No. 217, Hive 67 Icon, Poisar Gymkhana Road Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall, Kandivali West, Mumbai-400067, Maharashtra, India,
Telephone: 022- 2089 7022
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Ms. Tanya Gotal
Website: www.shreni.in
SEBI Registration Number: INM000012759

GSM Foils IPO FAQs