GSM Foils IPO GMP, Review, Price, Allotment


Last updated on May 31, 2024


GSM Foils IPO description – GSM Foils specializes in manufacturing Blister Foils and Aluminium Pharma Foils (also known as “Strip Foils”), used for packaging pharmaceutical medicines, including capsules and tablets. As a primary packaging material that comes into direct contact with the medicine, the highest quality standards are meticulously maintained.

The company offers aluminum foils in various sizes, shapes, and thicknesses to meet the diverse needs of its clients. The product range includes plain and printed aluminum foils and strip foils, along with alu alu base foils. The thicknesses available are 0.020, 0.025, 0.030, and 0.040 microns for coated, poly-laminated, blister, and strip-printed foils.

GSM Foils has a presence across India, serving clients in 13 states and 1 Union territory for its domestic market. These states include Dadra & Nagar Haveli and Daman & Diu, Goa, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Karnataka, Madhya Pradesh, Maharashtra, Puducherry, Sikkim, Tamil Nadu, Telangana, and West Bengal, based on sales made up to 31 December 2023.

GSM Foils

Promoters of GSM Foils – Mr. Sagar Girish Bhanushali, and Mr. Mohansingh L Parmar

GSM Foils IPO Details

GSM Foils IPO Dates24 – 28 May 2024
GSM Foils Issue PriceINR 32 per share
Fresh issue34,40,000 shares (INR 11.01 crore)
Offer For SaleNIL
Total IPO size34,40,000 shares (INR 11.01 crore)
Minimum bid (lot size)4,000 shares (INR 1,28,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

GSM Foils Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income0.340.641.431.25
Figures in INR Crores unless specified otherwise

GSM Foils Offer News

GSM Foils Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio20.98
RONW (%)5.169.6617.11
EBITDA (%)1.981.834.31
Debt/Equity 0.330.29
*Compiled by IPO Central from Prospectus

GSM Foils IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
30 May 2024711,500
29 May 2024711,500
28 May 2024711,500
27 May 2024711,500
25 May 202459,200

GSM Foils IPO Subscription – Live Updates

Shares Offered16,32,00016,32,00032,64,000
28 May 2024259.62247.01253.32
27 May 202430.26104.1067.24
24 May 20245.0729.9717.53

The market maker reservation portion of 1,76,000 shares is not included in the above calculations.

GSM Foils IPO Allotment Status

GSM Foils IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

GSM Foils IPO Dates & Listing Performance

IPO Opening Date24 May 2024
IPO Closing Date28 May 2024
Finalization of Basis of Allotment29 May 2024
Initiation of refunds30 May 2024
Transfer of shares to demat accounts30 May 2024
IPO Listing Date31 May 2024
Opening Price on NSE SMEINR 32 per share (no change)
Closing Price on NSE SMEINR 33.60 per share (up 5%)

GSM Foils Offer Lead Manager

Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email[email protected]

GSM Foils Offer Registrar

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]

GSM Foils Issue Contact Details

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]


What is the GSM Foils offer size?

GSM Foils offer size is INR 11.01 crores.

What is the GSM Foils offer price band?

GSM Foils public offer price is INR 32 per share.

What is the lot size of the GSM Foils IPO?

GSM Foils offer a lot size is 4,000 shares.

What is GSM Foils IPO GMP today?

GSM Foils IPO GMP today is INR 7 per share.

What is the GSM Foils kostak rate today?

GSM Foils kostak rate today is INR NA per application.

What is GSM Foils Subject to the Sauda rate today?

GSM Foils is Subject to the Sauda rate today is INR 11,500 per application.


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