GSM Foils Rights Issue dates 9 – 18 September 2025.
Established in 2019, GSM Foils is a leading manufacturer of Blister Foils and Aluminium Pharma Foils (Strip Foils) used in pharmaceutical packaging for tablets and capsules. As these foils serve as primary packaging in direct contact with medicines, the company maintains the highest quality standards, ensuring safety, durability, and reliability.
The company offers a diverse portfolio including plain and printed aluminium foils, blister and strip foils, and alu-alu base foils, available in thicknesses of 0.020, 0.025, 0.030, and 0.040 microns. Manufactured at its modern facility in Vasai East, Thane, Maharashtra, spread across nearly 8,000 sq. ft, GSM Foils is equipped with advanced coating, lamination, slitting, printing, and testing machinery. Its products are recognized for abrasion resistance, tensile strength, and superior sealing performance, meeting the stringent needs of pharmaceutical clients.
With a strong PAN-India presence, GSM Foils serves customers across 13 states and Puducherry, including major markets such as Maharashtra, Gujarat, Karnataka, Tamil Nadu, and West Bengal. The company has demonstrated rapid growth, recording an 88.5% year-on-year sales increase in June 2025.
Promoters of GSM Foils – Sagar Girish Bhanushali, and Mohansingh Laxmansingh Parmar
Table of Contents
GSM Foils Rights Issue Details
| GSM Foils Rights Issue Date | 9 – 18 September 2025 |
| GSM Foils Rights Issue Price | INR 180 per share |
| Issue Size (in Shares) | 12,81,165 share |
| Issue Size (in INR) | INR 23.06 crore |
| Issue Entitlement | 1 equity share for every 10 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| GSM Foils Rights Issue Record Date | 28 August 2025 |
| Face Value | INR 10 per share |
| Listing On | NSE |
GSM Foils Rights Issue Calculation
| GSM Foils Rights Issue Price | INR 180 per share |
| Market Price on Rights Issue Approval | INR 235.95 per share |
| Dilution Factor (X) | 1.1 |
| Fair Value After Dilution at Prevailing Price | INR 230.86 per share |
GSM Foils Financial Performance
| 9M FY 2024 | FY 2025 | |
| Revenue | 41.0 | 134.0 |
| Expenses | 38.0 | 119.0 |
| OPM (%) | 7.0 | 11.0 |
| Net Income | 1.00 | 10.00 |
| ROCE (%) | – | 46.0 |
GSM Foils Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Funding the Working Capital requirement of the company – INR 20 crore
- To meet the general corporate purposes – INR 2.89 crore
GSM Foils Rights Offer Documents
- GSM Foils Rights Issue Application Form
- GSM Foils Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
GSM Foils Rights Issue Dates
| Rights Issue Approval Date | 21 August 2025 |
| Rights Issue Record Date | 28 August 2025 |
| Credit of Rights Entitlement | 29 August 2025 |
| Rights Issue Opening Date | 9 September 2025 |
| Last Date for Market Renunciation | 15 September 2025 |
| Rights Issue Closing Date | 18 September 2025 |
| Finalization of Basis of Allotment | 19 September 2025 |
| Rights Allotment Date | 19 September 2025 |
| Credit Date | 22 September 2025 |
| Listing Date | 23 September 2025 |
GSM Foils Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
GSM Foils Contact Details
GSM FOILS LIMITED
Gala No 06/106/206/306, Sapphire Building,
Diamond Industrial Estate, Vasai East IE,
Thane, Maharashtra, India, 401208
Phone: +9184689 68102
E-mail: [email protected]
Website: www.gsmfoils.com
GSM Foils Rights Offer FAQs
What is the GSM Foils Rights Issue Price?
The issue price is INR 180 per share.
What is the GSM Foils Rights Issue entitlement ratio?
The eligible shareholders are offered 1 equity share for every 10 equity shares held on the record date.
What is the GSM Foils Rights Issue Record Date?
The Record date is 28 August 2025.
How to Apply in GSM Foils Rights Offer?
The best way to apply in the GSM Foils Rights Offer is through Internet banking ASBA. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an application form and deposit the same to your broker.