GSM Foils Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

24 May 2024

Close Date

28 May 2024

Allotment

29 May 2024

Listing Date

31 May 2024

Exchange

NSE SME

Price Band

₹32

Listing Price

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Allotment Status

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Price Band

₹32

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

34,40,000 shares (aggregating up to ₹11.01 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹128,000

1 lot

Pre-IPO Holding

93,71,649 shares

Promoters

Post-IPO Holding

1,28,11,649 shares

Promoters

P/E (Pre)

20.98x

P/E (Post)

24.64x

EPS (Pre)

₹1.53

EPS (Post)

₹1.30

UPI Deadline

2024-05-28

Mandate

Anchor AllotmentThu, 23 May 2024

Basis of AllotmentWed, 29 May 2024

Refund InitiationThu, 30 May 2024

Demat CreditThu, 30 May 2024

Listing DayFri, 31 May 2024

UPI Mandate Deadline2024-05-28

Sale TypeFresh Capital

Net Offer to Public32,64,000 shares (aggregating up to ₹10.44 Cr)

Market Maker Quota1,76,000 shares (aggregating up to ₹0.5632 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

GSM Foils Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 May 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	176,000	—	₹0.56
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,440,000	100%	₹11.01

IPO Shares Offered

GSM Foils Ltd IPO total issue size: ₹11.01 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	176,000	₹0.56	5.12%
Total	3,440,000	₹11.01	100.00%

* Based on upper price band ₹32 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹32.00

Upper Band

Min Investment

₹128,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹256,000
Retail (Max — 13 Lots)	13	52,000	₹1,664,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,792,000
B-HNI (Min — 68 Lots)	68	272,000	₹8,704,000

* Issue Price ₹32 × Lot Size 4,000 shares

IPO Schedule

Anchor

23 May 2024

✓ Done

IPO Open

24 May 2024

✓ Done

IPO Close

28 May 2024

✓ Done

Allotment

29 May 2024

✓ Done

Refunds

30 May 2024

✓ Done

Demat Credit

30 May 2024

✓ Done

Listing Day

31 May 2024

✓ Done

₹32.00

INR · NSE

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Issue ₹32.00 Live Price

About GSM Foils Ltd

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.

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.

GSM Foils Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹7,185.0

31 Mar 2022

₹6,588.7

31 Mar 2023

₹2,717.9

31 Dec 2023

Profit After Tax (PAT)

₹63.7

31 Mar 2022

₹143.0

31 Mar 2023

₹124.8

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	2717.87	6588.69	7185.04
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	124.79	142.97	63.65
Net Worth	126.99	835.73	659.06
Total Assets	2208.18	1438.18	1050.65
Reserves & Surplus	124.79	N/A	N/A
Borrowings	1412.95	242.43	219.20
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	4.59%	—	—

P/BV Ratio

1.27

RoE

23.62%

RoCE

1.60%

RoNW

98.27%

PAT Margin

4.59%

Debt/Equity

11.13

Issue Structure & Shareholding

Total Shares Offered34,40,000 (100.00%)

Net Offer to Public32,64,000 shares (aggregating up to ₹10.44 Cr)

Reserved for Market Maker1,76,000 shares (aggregating up to ₹0.5632 Cr)

Pre-Issue Promoter Holding93,71,649 shares

Post-Issue Promoter Holding1,28,11,649 shares

P/BV Ratio1.27

RoE23.62%

RoCE1.60%

Debt / Equity11.13

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much GSM Foils Ltd IPO subscribed? ▲

GSM Foils Ltd IPO is subscribed 1.00 times by May 28, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is GSM Foils Ltd IPO retail subscription status? ▼

The GSM Foils Ltd IPO retail category is subscribed 1.00 times as of 28 May 2024. The retail portion is oversubscribed.

How to subscribe GSM Foils Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 24 May 2024 and closes 28 May 2024. Min investment: ₹128,000 (1 lot = 4,000 shares). UPI mandate: 2024-05-28.

How many times GSM Foils Ltd IPO subscribed? ▼

The GSM Foils Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check GSM Foils Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 29 May 2024. Refunds: on 30 May 2024.

When GSM Foils Ltd IPO will be listed? ▼

The GSM Foils Ltd IPO listing date is 31 May 2024, Friday. Listed on: NSE SME. Issue price: ₹32. Estimated listing: ₹32. GMP: NIL.

When GSM Foils Ltd IPO close? ▼

The GSM Foils Ltd IPO closes on 28 May 2024, Tuesday. UPI mandate: 2024-05-28. Allotment: 29 May 2024. Listing: 31 May 2024.

Quick Actions

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Live Price LIVE

Last Price₹32.00

Change—

Issue Price₹32.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹32

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹128,000

GMPNIL

Est. Listing₹32

Subscribed1.00x

Open Date24 May 2024

Close Date28 May 2024

Allotment29 May 2024

Listing Date31 May 2024

ExchangeNSE SME

UPI Deadline2024-05-28