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.
Promoters of GSM Foils – Mr. Sagar Girish Bhanushali, and Mr. Mohansingh L Parmar
Table of Contents
GSM Foils IPO Details
| GSM Foils IPO Dates | 24 – 28 May 2024 |
| GSM Foils Issue Price | INR 32 per share |
| Fresh issue | 34,40,000 shares (INR 11.01 crore) |
| Offer For Sale | NIL |
| Total IPO size | 34,40,000 shares (INR 11.01 crore) |
| Minimum bid (lot size) | 4,000 shares (INR 1,28,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
GSM Foils Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 36.46 | 71.85 | 65.88 | 27.18 |
| Expenses | 35.95 | 70.89 | 63.57 | 25.51 |
| Net income | 0.34 | 0.64 | 1.43 | 1.25 |
GSM Foils Offer News
- GSM Foils RHP
- GSM Foils Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
GSM Foils Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.36 | 0.68 | 1.53 |
| PE ratio | – | – | 20.98 |
| RONW (%) | 5.16 | 9.66 | 17.11 |
| NAV | 7.02 | 7.03 | 8.92 |
| EBITDA (%) | 1.98 | 1.83 | 4.31 |
| Debt/Equity | – | 0.33 | 0.29 |
GSM Foils IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 May 2024 | 7 | – | 11,500 |
| 29 May 2024 | 7 | – | 11,500 |
| 28 May 2024 | 7 | – | 11,500 |
| 27 May 2024 | 7 | – | 11,500 |
| 25 May 2024 | 5 | – | 9,200 |
GSM Foils IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 16,32,000 | 16,32,000 | 32,64,000 |
| 28 May 2024 | 259.62 | 247.01 | 253.32 |
| 27 May 2024 | 30.26 | 104.10 | 67.24 |
| 24 May 2024 | 5.07 | 29.97 | 17.53 |
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 Date | 24 May 2024 |
| IPO Closing Date | 28 May 2024 |
| Finalization of Basis of Allotment | 29 May 2024 |
| Initiation of refunds | 30 May 2024 |
| Transfer of shares to demat accounts | 30 May 2024 |
| IPO Listing Date | 31 May 2024 |
| Opening Price on NSE SME | INR 32 per share (no change) |
| Closing Price on NSE SME | INR 33.60 per share (up 5%) |
GSM Foils Offer Lead Manager
SHRENI SHARES LIMITED
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]
Website: www.shreni.in
GSM Foils 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 Issue 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
IPO FAQs
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.
