GSM Foils Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,632,000 (47%) | — | ₹522 Cr |
| Retail | — | 1,632,000 (47%) | — | ₹522 Cr |
| Market Maker | — | 176,000 (5%) | — | ₹6 Cr |
| Σ Total | — | 3,440,000 (100%) | — | ₹11,008 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹128,000 |
| Retail (Max) | 13 | 52,000 | ₹1,664,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,792,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,576,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 2,718 | 6,589 | 7,185 |
| Profit After Tax | 125 | 143 | 64 |
| Net Worth | 127 | 836 | 659 |
| Total Assets | 2,208 | 1,438 | 1,051 |
| Reserves & Surplus | 125 | — | — |
| Total Borrowing | 1,413 | 242 | 219 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of capital expenditure towards the purchase of Plant and Machineries. –
- Funding Working Capital Requirements of the company. –
- General corporate purposes. –
Company Overview
Incorporated in April 2019, GSM Foils Limited manufactures Blister Foils and Aluminium Pharma Foils, also known as "Strip Foils," used for packaging pharmaceutical medicines such as capsules and tablets. These foils are primary packaging materials that come into direct contact with the medicine, so utmost care is taken to ensure their quality.
The company has established a manufacturing facility at Sapphire Building in Thane, Vasai, Maharashtra, covering an area of 7,973 square feet across the ground plus 3 floors. The manufacturing facilities are fully equipped with tools, machinery, and amenities necessary to support seamless manufacturing processes, hassle-free production, quality testing, research, storage, and packaging.
The company is ISO 9001:2015 certified company.
The company has a presence across India with clients in 13 states and 1 Union territory in the domestic market.
As of February 28, 2024 the company has 39 employees on payroll basis.